Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC). The remaining 21 banks were […]
Clarifying which documents created for, or received from, the international committee that advocates bank capital standards should be treated as records by the national bank regulator was recommended by the congressional watchdog said Thursday. In […]
A Union City, Calif., banker – alleged to have embezzled more than $800,000 from a Wells Fargo Bank branch over about eight months to cover bets on foreign exchange — has been prohibited from further […]
Credit risk associated with large, syndicated bank loans remains moderate, which includes a decrease in the percentage of loans that deserve management’s close attention, according to a report issued Monday by federal banking agencies. According […]
Updated to add public comment deadline. A proposed rule to “clarify” the authority of national trust banks to engage in non-fiduciary activities in addition to their fiduciary activities is slated for publication in the ˆ […]
Fifteen banks – out of 33 total — were awarded “outstanding” ratings for their compliance with rules implementing anti-redlining laws for evaluations that became public in December, the national bank regulator said Monday. No banks […]
Only the very largest banks – those with $700 billion in assets or more – would be subject to “heightened standards” for gauging threats to the financial system under a proposal issued Tuesday by the […]
U.S. commercial banks and savings associations had $18.4 billion in cumulative trading revenue in the third quarter of this year – $1.8 billion (10.9%) more than the previous quarter and $2.1 billion (12.7%) more than […]
Two federal banking agencies will no longer issue an annual letter to banks outlining their expectations for compliance with insider lending restrictions and related reporting requirements, an effort toward “greater certainty,” they said in a […]
A 2024 amendment to an earlier consent order against Citibank, N.A., was among six terminations of orders issued by the national bank regulator in December and released Thursday. The order terminations were the only enforcements […]
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