Shares of U.S. banks fell on Monday with some investors pointing to worries that a flood of Treasury bill issuance following the raising of the U.S. debt ceiling would drain liquidity from lenders.
"There's a lot concern out there that now that the debt deal has been reached a lot of people are talking about a potential liquidity drain because the Treasury general account has to be replenished," said Jack Janasiewicz, portfolio manager at Natixis Investment Managers, adding that those concerns may be overblown given that money market funds have enough liquidity to absorb huge debt issuance by the Treasury.
The regulations are expected to be a final batch of global bank capital rules laid out by the Basel Committee of banking regulators that are due to take effect at the beginning of 2025, the report said.
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