Deena Zaidi is a contributor to various financial websites and academic journals and is based in Seattle. She holds a degree in MBA-Finance from ICFAI Business School and MSc. in International Banking & Finance from University of Durham.
Her areas of interest cover the banking industry (with special focus on reforms and trends) and repercussions of the 2008 financial crisis across various economies including the Eurozone and emerging markets.
Big bank investors should watch out for banking scandals, changes to regulations and a possible interest rate increase by the Federal Reserve.
The report is based on data covering 12 countries and shows that monetary policy had a bigger impact on the economy in countries with larger non-bank sectors.
The Gilded Chamber 2.0 found that 96% of the nearly $197 million that the U.S. Chamber of Commerce's raised in 2014 came from about 1500 members.
Banks involved in scandals have paid large fines, but there has also been a lack of accountability among the companies' senior management.
The Fed begins its two-day FOMC meeting today and will decide on a possible rate hike.
It now seems more likely that there will be a rate hike in December than next week.
Super PACs have dominated outside contributions during this election season, but 501(c) groups such as the American Future Fund and U.S. Chamber of Commerce aren't far behind in political spending.
The possibility of a rate increase is weighing on investors. However, two more variables may be adding to the confusion.
Democrats credit the Consumer Financial Protection Bureau for reigning in banking excesses, while Republicans say it is unnecessary.
Since the 2008 financial crisis, violations in leading banks have led to huge costs and raised concerns about the banking system's integrity.
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