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The Fed further loosened restrictions on dividends and buybacks imposed on big US banks
US President Joe Biden has secured a deal on an infrastructure package worth about $1tn to spend on upgrading roads, bridges and broadband networks over the next eight years, and the US Federal Reserve loosened restrictions on dividends and buybacks by America’s biggest banks as it released an analysis showing the lenders could suffer almost $500bn in losses and still easily meet capital requirements, and the price of bitcoin briefly dropped below $30,000 in volatile trading after a sweeping regulatory crackdown.
Biden agrees slimmed-down $1tn infrastructure deal with senators
Fed gives passing grade to biggest US banks in stress tests
Bitcoin sinks below $30,000 for first time since January:
Andreessen Horowitz increases crypto bets with new $2.2bn fund
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