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US big banks
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- 1Saudi Central Bank Increases Its Stake in Meta Platforms▼Meta Platforms, Inc. $META Stock Holdings Raised by Saudi Central Bank
The Saudi Central Bank has raised its holdings in Meta Platforms stock, according to a regulatory disclosure picked up by financial news outlets. The move by the institution that manages the kingdom's reserves adds to growing Gulf interest in US technology shares. Investors are watching sovereign wealth exposure to Big Tech as Meta continues spending heavily on artificial intelligence.
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The US Federal Reserve has voted to overhaul its annual bank stress tests, a move widely framed as a victory for large banks. The changes are expected to alter how capital requirements are calculated for the biggest lenders, easing some of the regulatory burden they have faced since the 2008 financial crisis. The decision follows sustained lobbying by the banking industry, which argued the tests were unpredictable and overly punitive.
- 3European banks' role in the 2008 financial crisis revisited▼1/3) Remember when European banks helped turn bad US subprime mortgages into a global catastrophe by underwriting, packa
European banks are being criticised for their role in the 2008 financial crisis, when they underwrote, packaged and resold securities built on US subprime mortgages while taking on heavy leverage, then required public rescue when the losses hit. Commenters are drawing parallels between that episode and current financial risk-taking, arguing the 'too big to fail' problem was never resolved.