[2018] Trump signs Dodd-Frank rollback

President Trump on Thursday signed a bipartisan bill to loosen key portions of the Dodd-Frank Act of 2010, cementing the first major changes to Pr
— Read on thehill.com/policy/finance/389212-trump-signs-dodd-frank-rollback

Bannon’s whiteboard says, “dismantle Dodd-Frank.”Bannon’s whiteboard says, “dismantle Dodd-Frank.” How does this help the working class?!

The final compromise leaves most of Dodd-Frank in place, but provides a major boost for some of the largest U.S. banks. The measure releases of regional banks from tighter regulation by raising the threshold for closer Fed oversight from $50 billion to $250 billion in assets.

Banks below the new threshold will no longer be automatically subject to annual Fed stress tests and capital buffers meant to protect large firms are from severe financial crises.

Those banks are also no longer required to from submit for Fed approval a “living will” that outlines how a bank’s assets could be liquidated upon the firm’s failure without causing a widespread meltdown.

The bill includes several provisions to scrap rules for community banks and credit unions. Firms that hold 500 or fewer mortgages a year will no longer have to report some home loan data to federal regulators under anti-discrimination laws.

The bill also broadens the definition of qualified mortgages for smaller firms and exempts banks and credit unions with less than $10 billion in assets from the Volcker Rule, which bans firms from making risky bets with their own assets.

Gold Exports by Country

Below are the 15 countries that exported the highest dollar value worth of gold during 2018.

Switzerland: US$64 billion (20.9% of total gold exports)
Hong Kong: $37.2 billion (12.2%)
United Kingdom: $31.8 billion (10.4%)
United States: $20.3 billion (6.6%)
United Arab Emirates: $15.7 billion (5.1%)
Australia: $14.2 billion (4.6%)
Canada: $12.3 billion (4%)
Singapore: $11.1 billion (3.6%)
Peru: $7 billion (2.3%)
Japan: $6.3 billion (2.1%)
Ghana: $6.1 billion (2%)
South Africa: $5.5 billion (1.8%)
Germany: $4.6 billion (1.5%)
Thailand: $4.4 billion (1.4%)
Mexico: $4.3 billion (1.4%)
By value, the listed 15 countries shipped four-fifths (80%) of all gold exports in 2018.

Among the top exporters, the fastest-growing gold exporters since 2014 were: Singapore (up 1,136%), Thailand (up 57.5%), Japan (up 43.9%) and United Arab Emirates (up 27.4%).

Those countries that posted declines in their exported gold sales were led by: Hong Kong (down -25.5%), Canada (down -18%), South Africa (down -17.4%), Germany (down -16.8%) and United Kingdom (down -15.4%).

For a comprehensive listing of gold exporters, please see the section Searchable List of Gold Exporting Countries below.
— Read on www.worldstopexports.com/gold-exports-country/