A coalition of financial trade groups issued a joint comment letter asserting that the federal bank regulators’ proposed capital rule lacked justification and evidence required by the Administrative Procedure Act, threatening legal action if regulators don’t delay and significantly amend the rule.
https://www.nationalmortgagenews.com/news/industry-says-basel-rule-violates-law-if-it-isnt-revised
Palmer Square Capital launching two ETFs that will buy CLOs
The Kansas City-based firm created the ETFs in response to demand from clients, in particular the...
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