News and Commentary
The Depository Trust and Clearing Corporation initially required $3 billion in additional collateral from Robinhood, after which the online brokerage firm restricted trades of certain stocks reports Michael J. de la Merced for the New York Times.
Donald Morrison opines for the Berkshire Eagle on the bloated economic output and resulting inequality from financial services.
Shahien Nasiripour writes that loans comprise a decreasing share of bank’s combined assets in Bloomberg.
Bill Nelson questions the ‘systemic risk’ the Fed once assigned to leveraged loans in a Bank Policy Institute paper.