Federal Reserve banks saw their earnings drop by nearly 22% in 2018 – or $17.6 billion — from the previous year, to $63.1 billion, the central bank reported Friday. In the Federal Reserve System’s annual […]
Revisions to a supplementary leverage ratio requirement for custodial banks and proposals regarding federal deposit insurance are slated for discussion during an open meeting March 29 by the board of the Federal Deposit Insurance Corp. […]
About 10,000 website views per week of publicly available, previously unpublished information – and 50,000 unique visitors to the site – are signs that the federal bank deposit insurer’s program for greater transparency is having an […]
U.S. commercial banks and federal savings associations (FSAs) had $4.2 billion in trading revenue in the fourth quarter of 2018 – down $2.9 billion, or 41%, from the third-quarter total, the Office of the Comptroller […]
A Fintech Advisory Group formed to provide the Federal Reserve Bank of New York with perspectives and insight on financial technology (fintech) issues and their impacts on the markets – and the bank – was […]
This has been updated to include a link to the March 22 Federal Register notice soliciting advisory council membership applications. Changes affecting the membership and meetings frequency of the Consumer Financial Protection Bureau’s (CFPB) research […]
Interchange fees across all debit and general-use prepaid cards (exempt and covered) totaled $20.73 billion in 2017, an increase of 5.9% since 2016, the Federal Reserve said Thursday. In its report, 2017 Interchange Fee Revenue, Covered […]
A December 2018 cease-and-desist order regarding Bank Secrecy Act/anti-money laundering deficiencies of Commercial State Bank, Andrews, Texas, has been terminated, the Federal Reserve Board announced Thursday. The consent order, also signed by Texas’ state banking […]
Updates on efforts regarding de novo institutions, community bank technical assistance efforts and more will be delivered next Thursday during a public meeting of the Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking, […]
The asset cap imposed on Wells Fargo Bank will remain in place, the chairman of the Federal Reserve Board said Wednesday, until the bank satisfies the Fed it has taken action to correct the environment […]
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