The Federal Reserve just released a proposed rule that would limit the size of US banks. Apparently the rule would not effect the banks as they stand right now, but would only come into force if two of the country’s financial institutions were to merge. The proposed rule would implement section 622 of the Dodd-Frank Act.
There may be some argument about the necessity of such a rule, and those in the banking industry are sure to argue that it adds unnecessary rigidity in a time of capital accumulation among large banks in China. The Fed is seeking comment on the rule, and has set a date of July 8 by which comment should be made.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More