A former Atlanta, Ga., banker faces a civil money penalty of $35,000 and restitution of up to $317,900 for allegedly submitting false information in order to obtain an Small Business Administration (SBA) loan, the federal […]
Updated to include new Federal Register notice. Comments are due Oct. 24 on the federal credit union regulator’s proposed 2026-2027 budget, which includes a 20.6% reduction from 2025 to 2026 – fueled mostly by a […]
An inability to effectively assess the resilience of the largest banks, as well as a lack of credibility – both putting the financial system and economy at risk – would be the result of changes […]
Trading revenue was up 10.7% at the nation’s banks at midyear, or $1.6 billion, outdistancing growth from a year before, the national bank regulator said Thursday. In its Quarterly Report on Bank Trading and Derivatives […]
A South Dakota banker, who pleaded guilty to embezzlement in April of more than $26,000 has been prohibited from further service at financial institutions, the Federal Reserve said Thursday. The Fed said Nicholas Leroy Klug, […]
Slightly more mortgage loans were performing at midyear than in the previous year, the national bank regulator reported Wednesday – and the percentage of seriously delinquent mortgages fell from the year before, the agency added. […]
The national bank regulator’s bank supervision and examination group will be divided into three areas ad of Oct. 1, and its chief national bank examiner office will have five divisions, the agency announced recently. The […]
Supervisory relief to help banks in areas of Wisconsin and South Dakota affected recent storms has been extended by the federal insurer of bank deposits, the agency said in separate releases Tuesday. In Wisconsin, the […]
The fund that insures member deposits, or “shares,” in credit unions had an equity ratio of 1.28% of insured shares as of June 30, down from 1.3% at year-end 2024, according to a report Thursday. […]
More than $18 trillion in deposits were held by the 4,431 banks and savings institutions insured by the federal deposit insurance agency at midyear, with nearly 83% of that held by the 157 institutions with […]
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