Bank trading revenue was down nearly 11%, or $900 million, in the third quarter from the previous quarter, the regulator of national banks said Wednesday. The Office of the Comptroller of the Currency (OCC) said […]
Beth Anne Wilson will be the Federal Reserve’s new director on Feb. 1 of the division at the central bank that watches over movements in global financial and commodity markets, and reports back to the […]
Cold water was essentially thrown on the prospect of the U.S. central bank issuing a digital currency – at least for the near term – as a member of the bank’s board Wednesday cited “profound […]
Additional guidance related to disclosing construction and construction-permanent loans under federal lending and real estate disclosure rules was released Wednesday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said it […]
Resolution plans submitted to federal regulators by six of the eight banks that were required to submit them for 2019 showed “shortcomings” in the banks’ ability, in stressed conditions, to “reliably” produce the data needed […]
The “designated reserve ratio” (DRR) for the federal bank deposit insurance fund will remain at 2% in 2020, unchanged from last year and the nine years preceding that, according to filings Tuesday by the Federal […]
A series of sessions where banks and companies engaged in emerging financial technologies – or fintech – can meet one-on-one with Federal Reserve staff members to discuss fintech developments and ask questions was announced Tuesday […]
About $22 billion has been earned for the federal government through a program that distributed billions of dollars in assistance to financial institutions in the wake of the 2008 financial crisis, the congressional watchdog said […]
Changes are taking place in the leadership of data and information services at the federal insurer of bank deposits, as the top officer has resigned and the deputy is taking over. In the meantime, the […]
About 89% of all federally insured credit unions had positive net income during the first three quarters of the year – but all credit unions in Alaska, Maine, Nevada, New Hampshire, and Vermont had positive net […]
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