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GM has budgeted $8 billion for the development of electric and self-driving vehicles, with SoftBank Group (9984.T) and Honda Motor Co (7267.T) pledging to invest $5 billion in GM’s Cruise self-driving unit. Ammann became chief executive officer of GM Cruise, the self-driving car unit, on Jan. 1. The appointment of Reuss, a 35-year GM veteran, comes as the No cufflinks sets. 1 U.S. automaker cuts back on producing traditional sedans. In the United States, GM remains strong in pickups and utility vehicles, which accounted for two-thirds of the company’s sales in 2018..
WASHINGTON (Reuters) – A top U.S. bank regulator said on Thursday she had no concerns that volatility in the equities and futures markets posed a threat to the banking system, telling Reuters the country’s lenders have plenty of capital to weather further market swings. Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams also told Reuters that banking regulators had begun a review of the so-called CAMELS rating system used to assess the health of the nation’s banks cufflinks sets.
“Frankly, recent market movements have not given us any reason to be concerned,” she said in an interview. “Banks are well capitalized. Actually, they are superbly well capitalized at this point in time cufflinks sets. “Nothing that happened in December gave us concern.”. U.S. stocks posted a loss in 2018 for the first time in a decade, amid fears over a weakening global economy and a trade war between the United States and China, sparking fears the turmoil could spread to other parts of the financial system..
Those jitters have continued into the new year, with stocks falling roughly 2 percent on Thursday following weak manufacturing data and a surprise revenue warning from Apple Inc cufflinks sets. (AAPL.O). McWilliams’ comments mark the latest vote of confidence from bank regulators after the Office of the Comptroller of the Currency said on Wednesday banks are well positioned to navigate a market downturn. McWilliams, who took office in June and was appointed by President Donald Trump to review post-crisis rules, has said some new rules can be tailored to help small banks..
On Thursday, she told Reuters regulators have begun a review of the system used to rate the financial health of banks. She said the Federal Financial Institutions Examination Council, an interagency group comprising the country’s bank regulators, was reviewing whether agencies are applying the CAMELS rating consistently. McWilliams said she was worried that any differences could encourage banks to seek out less rigorous regulators. “You don’t want to have any sort of forum shopping,” she said cufflinks sets. “You want to ensure the banks know that they’re going to get the same shot” regardless of the regulator..