allbet live casino Major banks and business groups sued the Federal Reserve on Tuesday, alleging the central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit filed in US District Court in Columbus, Ohio, claims the Fed’s practice of determining how big banks perform against hypothetical economic turmoil, and assigning capital requirements accordingly, do not follow proper administrative procedure. Plaintiffs included the Bank Policy Institute, the US Chamber of Commerce and the American Bank Association. The lawsuit marks the latest example of the banking industry growing bolder and challenging in court their regulators’ powers, particularly in the wake of recent Supreme Court rulings placing fresh restrictions on administrative authority. In June, the Supreme Court dealt a major blow to such power by overturning a 1984 precedent that granted deference to government agencies in interpreting laws they administer. The so-called “Chevron doctrine” had called for judges to defer to reasonable federal agency interpretations of US laws deemed to be ambiguous. While the 2010 Dodd-Frank law passed following the global financial crisis broadly requires the Fed to test banks’ balance sheets, the capital adequacy analysis the Fed performs as part of tests, or the resulting capital it directs lenders to set aside, are not mandated by law. Specifically, the groups are calling for the Fed to make public and subject to feedback the now-confidential models they regulators use to gauge bank performance, as well as details of the annual scenarios they create to test for weaknesses. The groups said they did not want to kill the stress testing program, which provides an annual bill of health to the nation’s biggest firms, but argue the process needs to be more transparent and responsive to public feedback. On Monday, the Fed announced plans to pursue similar changes ahead of the 2025 exams, citing recent legal developments, but the industry opted to proceed with its lawsuit. A Fed spokesperson declined to comment on the lawsuit on Tuesday. “The opaque nature of these tests undermines their value for providing meaningful insights into bank resilience,” Rob Nichols, president and CEO of the American Bankers Association, said in a statement. “We remain hopeful the Fed will address long-standing issues with the stress tests, but this litigation preserves our ability to seek legal remedies if the Fed falls short.” These tests, which banks have complained for years are opaque and subjective, are a central piece of the US regulatory bank-capital structure. The Fed has long resisted calls to completely open up the testing process, due to concerns that it could make it easier for banks to clear the exams. How banks perform on the test informs how much capital they must set aside to meet their obligations and also dictate the scope of dividend payouts and stock buybacks.

Igor Shesterkin became the NHL's when he and the agreed to an eight-year, $92 million extension on Friday, . The news caps a busy day for the slumping Rangers, who earlier and his $8 million cap hit to the . The the eight-year deal on Saturday, though not the money figures. Shesterkin's new contract, which kicks in next season, was first reported on Friday by . Shesterkin's $11.5 million cap hit moves him past Carey Price ($10.5 million), who's injured and hasn't played since 2021-22. The previous top pay among active goalies is 2024 Stanley Cup winner Sergei Bobrovsky, who averages $10 million. Shesterkin, who reportedly earlier turned down an eight-year, $88 million deal, won the Vezina Trophy in 2021-22 in his first full season as a No. 1 goaltender. The 28-year-old ranks second in overall wins the last three-plus seasons (117) and took New York to the top regular-season record and the Eastern Conference final last season. Though his numbers are down this season, the Rangers rely on him a lot. He has faced the third-most shots in the league and has played fewer games than the leaders. Shesterkin is in the final year of a four-year, $22.67 million contract. He's the latest goalie to get a significant raise this season. The Boston Bruins' before the season. Dallas Stars goalie in his extension, and Ottawa Senators goalie Linus Ullmark, during the summer, has matched their $8.25 million cap hit.OWINGS MILLS, Md. (AP) — Fresh off one of its best showings of the season, the Baltimore defense now has another problem to worry about. Roquan Smith missed practice again Friday because of a hamstring injury. Although the Ravens didn't officially rule him or anyone else out — they don't play until Monday night — the All-Pro linebacker's status seems dicey. “Definitely it will be a challenge if Roquan can’t go,” defensive coordinator Zach Orr said. “We’re holding out hope and everything like that. I think it’ll just be by committee. Not one person is going to replace Roquan. Roquan’s an every-down linebacker.” Although the Ravens lost 18-16 last weekend, Baltimore didn't allow a touchdown. That was an encouraging sign for a team that ranks 26th in the league in total defense. Baltimore is on the road Monday against the Los Angeles Chargers. The Ravens appear to have dodged one potential nightmare. Star safety Kyle Hamilton injured an ankle against Cincinnati on Nov. 7, but he was able to play almost every defensive snap the following week against Pittsburgh. But Smith was injured in that game and didn't practice Thursday or Friday. Linebacker Malik Harrison had a season high in tackles last weekend and figures to have a significant role if Smith can't go. “We tell these guys, ‘You’re one play away to going in there — you never know, so you got to stay ready.’ Malik — he was ready,” Orr said. “I thought he went in there and did a good job, especially after the first series, he settled down. That’s what we expect from him.” It's hard to tell whether last week can be a significant turning point for Baltimore's defense. The Ravens allowed only 10 points in a dominant win over Buffalo in Week 4, then yielded 38 against Cincinnati the following game. After allowing 10 against Denver, the Ravens were picked apart by the Bengals again a few days later. So they still haven't shown they can play a good game defensively and then build on it. “I think it’s easier said than done. It’s something that we kind of got caught up saying against Buffalo and then coming up the next week and not doing," Hamilton said. "We’re aware of it now and know that we played a good game, but I think we can get a lot better, and I think that’s kind of the mindset everybody on defense has right now.” Hamilton's ability to make a difference all over the field is part of what makes him valuable, but positioning him deep is one way the Ravens can try to guard against big passing plays. Pittsburgh's Russell Wilson threw for only 205 yards against Baltimore. That's after Joe Burrow passed for 428 and four touchdowns in the Ravens' previous game. “I’ve always seen myself as a safety. A versatile one, but at the end of the day, I think I play safety,” Hamilton said. “If I’m asked to go play safety, I feel like that’s not an issue for me to play safety if I’m a safety.” NOTES: In addition to Smith, WR Rashod Bateman (knee), DT Travis Jones (ankle), S Sanoussi Kane (ankle) C Tyler Linderbaum (back) and CB Arthur Maulet (calf) missed practice Friday. WR Nelson Agholor (illness) returned to full participation after missing Thursday's practice. AP NFL: https://apnews.com/hub/NFL

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