Pete Schroeder

Pete Schroeder is a financial journalist who covers regulatory issues in Washington D.C. He has reported extensively on the Basel III capital requirements and their impact on Wall Street banks. His work often explores the complexities of banking regulation and its implications for the economy.

Biography:  https://finance.yahoo.com/news/explainer-basel-iii-endgame-why-101325850.html

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

100%

Examples:

No current examples available.

Conflicts of Interest

100%

Examples:

No current examples available.

Contradictions

95%

Examples:

  • Citigroup is on notice to make improvements but not at risk of forced divestitures due to the split between regulators.
  • Regulators specifically require the banks to refine their living wills to show how they could safely unwind their derivatives portfolios when they next submit plans in 2025.

Deceptions

100%

Examples:

No current examples available.

Recent Articles

Four Wall Street Banks Identified with Derivatives Issues in Regulatory Wind-Down Plans: JPMorgan, Bank of America, Goldman Sachs, and Citigroup

Four Wall Street Banks Identified with Derivatives Issues in Regulatory Wind-Down Plans: JPMorgan, Bank of America, Goldman Sachs, and Citigroup

Broke On: Sunday, 23 June 2024 Four major Wall Street banks, including JPMorgan Chase, Bank of America, Goldman Sachs, and Citigroup, have been identified by US regulators as having weaknesses in their wind-down plans. The Federal Reserve and FDIC found issues with how each bank handles derivatives. These findings follow similar weaknesses identified in living wills of four other large banks earlier this year.