by: Michael FlahertyThe chairman of the Senate Banking Committee is pushing ahead with a bill to ease rules across sections of the financial industry after the first round of efforts to work with his Democratic counterpart failed.Alabama Republican Richard Shelby is crafting a regulatory relief bill that aims to give small U.S. banks more breathing room to operate by exempting them from certain federal regulations put in place after the 2008 financial crisis.The bill could also seek to ease regulations on regional banks such as Comerica Inc and insurers such as Allstate Corp and curb the authority of the Federal Reserve.Some of the financial regulations targeted by Shelby were put in place as part of the 2010 Wall Street reform act known as Dodd-Frank. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Most of the cases are in Hubei, where the virus first emerged in December before spiralling into a nationwide epidemic.Tuesday’s jump in the death toll was also lower than the increase reported Monday, bringing the national number of deaths to 1,863.Outside of hardest-hit Hubei, which has been effectively locked down to try to contain the virus, the number of new cases has been slowing and China’s national health authority has said this is a sign the outbreak is under control.However, World Health Organization chief Tedros Adhanom Ghebreyesus said that the trend “must be interpreted very cautiously”.”Trends can change as new populations are affected. It is too early to tell if this reported decline will continue. Every scenario is still on the table,” he told reporters on Monday.Topics : The death toll from China’s new coronavirus epidemic jumped past 1,800 on Tuesday after 93 more people died in Hubei province, the hard-hit epicentre of the outbreak.In its daily update, the province’s health commission also reported 1,807 new cases, a smaller number of infections compared to those declared on Monday.The new cases mean more than 72,300 people have now been affected across the country.