A Federal Reserve governor flatly repudiated the notion that recent interest rate increases by the agency’s rate-setting committee led to the failure of three large regional banks this past spring and other trouble in the […]
Banks, and regulators, dealing with potentially transformative innovations like tokenization and artificial intelligence (AI) should consider three principles: innovate in stages, build the brakes while building the engine, and engage regulators early and often, the […]
Credit unions are being warned to take action against a vulnerability in a popular file transfer application among financial institutions known as “MOVEit,” their federal regulator said Friday. According to the National Credit Union Administration […]
Annual bank stress tests results – which featured a scenario of a global recession with heightened stress in commercial and residential real estate markets – will be released June 28 at 4:30 p.m. ET, the […]
A $15 million civil money penalty (CMP) was assessed against a large San Francisco bank early last month for engaging in deceptive practices before it merged out of business, the regulator of national banks revealed […]
Trading revenue was up $8 billion to $17.6 billion in the first quarter of the year for banks and savings associations from the fourth quarter of 2022, the regulator of national banks said Thursday, representing […]
“The U.S. banking system is sound and resilient,” the Federal Reserve’s rate-setting committee said Wednesday, pointing to that fact (among others) to make no changes to interest rates, at least for now. Additionally, the leader […]
Operational and compliance risks are elevated at the nation’s banks, and credit risk – while moderate – shows signs of increasing stress, according to a report issued Wednesday by the regulator of national banks. In […]
Capital and liquidity, cybersecurity, consumer financial protection, and inclusion will be the priorities for the federal credit union regulator in the years ahead, the chairman of the agency’s board said Tuesday. Speaking to a conference […]
“Aggregate financial sector liabilities” total about $23.7 trillion, according to a notice published Monday by the Federal Reserve – a key number in figuring out which large financial companies can merge as long the resulting […]
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