Fed Board Meeting on Bank TLAC Plan, Swap Margin Rule

Federal Reserve Chair Janet Yellen presides over a meeting of the Fed Board of Governors in Washington to discuss and vote on a proposed rule on total loss-absorbing capacity, or TLAC, and long-term debt requirements for the biggest U.S. banks. The Fed also discussed a final rule on margin and capital requirements for uncleared swaps of prudentially regulated swap entities. (Source: Bloomberg)

Summers on Trump Disbanding Councils, Tax Reform
16:22 - Former U.S. Treasury Secretary Lawrence Summers discusses President Donald Trump disbanding two advisory councils and the prospects for tax reform with Bloomberg's David Westin on "Bloomberg Markets." (Source: Bloomberg)
  • Summers Says Serious Tax Reform Will Not Happen
  • Trump Has Very Little Clout on the Hill, Says Millstein
  • Morganlander Sees a 2018 Capital Investment Slowdown