If the Fed requires these company tests less frequently, regulators may end up with less insight into how the most systemically important banks are preparing for shocks. But the bill effectively allows banks with under $250 billion in assets to stop drawing up living wills. Context: In an about-face nine days ago, President Trump indicated a willingness to rethink penalties on ZTE for violating U.S. sanctions on Iran and North Korea. This was merely President Xi asking President Trump to look into this, which he’s done. The biggest European deals announced this year include: Takeda’s $63 billion deal for Shire; E.On’s announced purchase of Innogy for $35 billion, and Comcast $31 billion bid for Sky.

Source: New York Times May 22, 2018 10:40 UTC