The merger between two banking giants from North Carolina and Georgia was approved by two federal banking agencies Tuesday – but it came at the cost of divestiture of branches and north of $2.4 billion […]
Changes to a capital requirement for banking organizations predominantly engaged in custodial activities were finalized Tuesday by all three federal banking regulators, to take effect April 1, 2020. The rule – which was finalized following […]
An audit of the federal credit union regulator’s schedule of “other assets and contributed capital” – including the National Credit Union Share Insurance Fund (NCUSIF), the NCUSIF asset management estates and the agency’s operating fund – […]
A final rule modifying the treatment of high volatility commercial real estate (HVCRE) exposures as required by last year’s regulatory relief legislation was issued Tuesday by the three federal banking regulators following a vote by […]
A longstanding policy providing relief for individuals with convictions for certain low-risk crimes from seeking waivers in order to get a job at a bank would be converted into regulation under a proposal issued Tuesday. […]
More time to comply with last year’s single-counterparty credit limits rule would apply to a foreign banking organization’s (FBO) combined U.S. operations under a Federal Reserve Board proposal slated for publication in the Federal Register […]
The federal insurer of bank deposits Tuesday proposed its own regulation to clarify the “valid-when-made” rule for state banks, an action taken by its sister regulator, the supervisor of national banks, the day before. The […]
Current and emerging issues that have potential implications on the regulation and supervision of state-chartered financial institutions will be the focus of a new advisory committee announced Tuesday by the federal insurer of bank deposits. […]
A Louisiana farmer who lied to various banks and other agriculture-related credit firms in order to steal more than $18 million through phony loans received a 10-year prison sentence (among other things) by a federal […]
A former worker of a California bank has agreed to be prohibited from future employment at any other financial institution following charges the employee stole more than $100,000 from a bank customer, the Federal Reserve […]
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