WASHINGTON — Growing up can be hard to do under the Dodd-Frank Act.

First Republic Bank saw its stock plummet more than 15% after it posted second-quarter earnings last week, in part because it is due to reach a key Dodd-Frank threshold of $50 billion of assets by next year. The milestone means that the bank will officially be considered "systemically important," triggering a number of enhanced regulations with which it must comply, including Federal Reserve Board-graded stress tests and greater risk management requirements.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access