Daily News: September 5, 2014

Zacks: Banks Face New Liquidity Rule

Zacks Equity Research reported that U.S. banks now face another liquidity rule which may hamper their lending activities.

According to Zacks, U.S. regulators have approved a new liquidity that will ensure that banks do not face liquidity crunch during any financial crisis, so that the 2008 disaster does not recur.

Zacks said the new rule first proposed in October 2013 also meets the requirements of the Dodd-Frank Wall Street Reform and the Consumer Protection Act.

To read the Zacks Equity Research report, click here.