WASHINGTON: The U.S. Federal Reserve said on Tuesday it approved a merger between BB&T Corp and SunTrust Banks Inc, sealing the biggest tie-up of banks since the 2007-2009 global financial crisis. Analysts have said such a tie-up has been made possible by regulatory easing under the administration of President Donald Trump, which has encouraged banking regulators to take a more relaxed approach to approving mergers, bank applications and enforcement of post-crisis rules. The Fed said its approval was conditioned on several actions, including that BB&T must divest 30 branches and more than $2.4 billion in deposits to mitigate the competitive effects of the merger. SunTrust must also satisfy the terms of a newly-issued consent order after the Fed found it had misled certain business customers regarding the operation and billing for some products. In a statement, the companies said they were pleased to have received regulatory approval. … [Read more...] about U.S. Fed approves merger between BB&T, SunTrust Banks
Federalism political cartoon
Email The Conversation By Andreas Cebulla Posted November 20, 2019 14:36:59 Photo: Judy Dench was in her 70s when she portrayed James Bond's boss but while Dench continues to act in her 80s, things didn't end well for M. Related Story: This doctor turned property developer is building homes for baby boomers in the 'Florida of Australia' Related Story: Treasurer wants older people to work for longer Related Story: Too old to get a job, too young to retire: The Australians caught in employment 'netherworld' Related Story: Lawrence Waterman just got a job at 72 — and is saving his company thousands to boot Related Story: Baby boomers are a budget 'perfect storm' that the Government must address Related Story: The good, bad and ugly truth about your career after 50 Map: Australia In the past decade a 30-year trend to earlier retirement has been reversed. In OECD countries the average age at which people retire has risen by about one to two years. In Australia the … [Read more...] about There’s a yawning gap in the plan to keep older Australians working
Email RN By Luke Pearson for Speaking Out Posted June 26, 2017 15:14:21 Photo: Kylie Sambo was just 14 when the NT intervention was implemented. (YouTube) Related Story: Bid for Muckaty Station nuclear dump withdrawn Related Story: Stan Grant: A decade after the NT 'intervention', the 'torment of powerlessness' lives on Related Story: 'It doesn't make sense today': How views on NT 'intervention' differ a decade on Map: NT Last week marked the 10th anniversary of the controversial Northern Territory Emergency Response, better known as the intervention.Kylie Sambo, a 24-year-old Warlmanpa and Warumungu woman from Tennant Creek, was only 14 when the intervention was introduced and the military turned up in the Northern Territory.Today she is an activist, a hip hop artist, and a full-time carer for her nephew.But as a teenager, like many Indigenous youth, Ms Sambo struggled between her commitments to school and her cultural obligations.At 16, she eventually decided to … [Read more...] about Growing up under the NT intervention: 10 years later, what has changed?