Federally insured credit unions saw 2.6% asset growth and 3.3% loan growth over the 12-month period ending March 31, while total shares and deposits rose 4.5%, the National Credit Union Administration said Thursday. The agency, […]
“Stabilization” among commercial real estate (CRE) sectors was noted in a joint regulators’ presentation at the meeting of the Financial Stability Oversight Council (FSOC) Wednesday, according to a readout issued late that day by the […]
“Slight to moderate declines” in economic activity were reported to Federal Reserve districts as outlined in the Beige Book released Wednesday by the agency. “On balance, the outlook remains slightly pessimistic and uncertain, unchanged relative […]
A growth restriction imposed on Wells Fargo in 2018 no longer applies under recent action by unanimous vote of the Federal Reserve Board, but the Fed said other provisions in its 2018 enforcement action will […]
Impaired capital, not necessarily fraud, was behind the failure of a Chicago bank early this year – the first bank to fail in 2025 – the inspector general for the national bank deposit insurance agency […]
A capital standards proposal made by U.S. bank regulators in 2023 fell flat among members of the “international community” as they considered it going too far, the acting head of the national bank regulator claimed […]
Banks’ federal deposit insurer on Monday announced disaster-related regulatory relief available for banks serving communities in seven states hit from March through May by a range of weather and related disaster conditions. The Federal Deposit […]
More than $2.76 billion in fines, restitution ordered, and other monetary recoveries were realized by the federal bank deposit insurance agency’s efforts in the six-month period of Oct. 1 of last year to March 31, […]
The head of the agency’s insurance and research division is retiring after 15 years with the agency, according to an announcement Friday, that named no successor. The Federal Deposit Insurance Corp. (FDIC) said Patrick Mitchell, […]
Four of the 18 banks whose performance ratings under the federal anti-redlining Community Reinvestment Act (CRA) were made public in May received the rating of “outstanding,” according to a release Monday by the Office of […]
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