Bloomberg Regulators have proposed a softer oversight regime that dials back rules for US banks considered unlikely to pose a threat to the financial system — a step meant to limit the toughest demands only to largest lenders. Responding to legislation that called on federal agencies to ease compliance burdens for non-Wall Street banks, Federal Reserve governors voted on a ...

Bloomberg Brazil kept its key rate at an all-time low amid a recent currency appreciation and signalled an interest rate hike may be less imminent than six weeks ago. The bank’s board, led by its President Ilan Goldfajn, held the benchmark Selic at 6.50 percent for the fifth straight meeting. All but two of the 43 economists in a Bloomberg ...

Bloomberg Danske Bank A/S said it will be able to absorb “large” fines as Denmark’s biggest bank awaits the outcome of criminal investigations into its role in one of Europe’s worst ever money laundering scandals. The bank, which said it faces a “huge task” trying to restore trust with customers and investors, hasn’t yet set aside provisions for a potential ...