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FDIC Proposed Rule to Limit Index Fund Holdings of Banks

FDIC proposed rule will limit index fund holdings of banks to 10% if they fail a FDIC passivity-investor test. Rule is in a 60-day comment period.
https://www.reuters.com/business/finance/us-bank-regulator-looks-tighten-control-asset-managers-bank-stakes-2024-07-30/
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