Two Wyoming bank employees who were ordered by a court in April to pay that bank a collective $2.2 million in damages – related to, among other things, their misappropriation of confidential and proprietary information […]
A one-basis-point reduction, from 1.39% to 1.38%, in the “normal operating level” (NOL) of the federal share (deposit) insurance fund for credit unions was approved by the National Credit Union Administration (NCUA) Board Thursday on […]
The current expected credit losses (CECL) accounting methodology adopted by the accounting industry’s governing board is among the items included on a preliminary executive agenda for a planned Dec. 19 meeting of the Financial Stability […]
Three federal bank regulatory agencies will hold a 90-minute teleconference Dec. 18 for bankers to discuss the optional community bank leverage ratio (CBLR) framework proposed for qualifying institutions under $10 billion in assets. According to […]
A state-by-state review of federally insured credit union’s call report data shows year-over-year median loan growth during the third quarter was highest in Minnesota (9.6%) and lowest in New Jersey (1.1%), according to a report […]
The federal consumer financial protection agency drew fresh criticism Wednesday for a lack of transparency regarding large banks’ “excessive fees” charged to students in a statement from Rep. Maxine Waters, D-Calif., who is poised to […]
Trading revenue of U.S. commercial banks and federal savings associations rose $0.2 billion, or 2.7%, from the second quarter to a total of $7.1 billion, the Office of the Comptroller of the Currency (OCC) said […]
The former acting director of the consumer financial protection bureau, John (“Mick”) Mulvaney, commended Kathleen (“Kathy”) Kraninger’s confirmation to a five-year term as bureau director in a statement posted online and dated Tuesday. Kraninger was […]
A notice for comment on the proposed, three-year extension of financial reports of Federal Reserve-supervised banking organizations also invites input on report changes addressing the transition to the current expected credit loss (CECL) accounting standard […]
The 2018 aggregate global indicator amounts (shown below) that the largest banking organizations will use to calculate a risk-based capital surcharge are were approved Dec. 6 by the Federal Reserve Board and become applicable upon […]
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