Trading revenue ballooned by 141% — to $10 billion – in the first quarter at commercial banks and thrifts, the regulator of national banks reported Tuesday, with only four banks holding nearly 90% of total […]
The White House earlier this year explored a legal way to demote Federal Reserve Board Chair Jerome H. (“Jay”) Powell, as President Donald Trump ramped up his criticism of the central bank leader, it was […]
The agency’s disaster relief apparatus has been put in motion for insured banks and thrifts affected by severe storms and flooding in Arkansas as well as the winter storm, snowstorm and flooding in South Dakota, […]
The Senate Banking Committee is poised to vote on the president’s renomination of Michelle (“Miki”) Bowman to a new, 14-year term on the Federal Reserve Board Tuesday, just before the panel begins a hearing on […]
The 2019 list of distressed or underserved nonmetropolitan middle-income geographies where banks’ revitalization or stabilization activities can receive Community Reinvestment Act (CRA) consideration under the “community development” definition was released Monday by federal banking regulators. […]
A streamlined version of the quarterly call report will be allowed for banks and thrifts with less than $5 billion assets that do not engage in “certain complex or international activities” under a final rule […]
A financial institution would have greater ability to share confidential supervisory information (CSI) with its affiliates, auditors, state and federal regulators, and others under a proposal issued Friday by the Federal Reserve. In a notice […]
Civil money penalties (CMPs) totaling $5,073 – the largest of them being for $2,665 – were assessed against six federal credit unions in orders executed late last month over late filings of year-end 2018 call […]
A credit union service organization must forgive loans worth $168 million under the terms of a settlement that spans 44 states reached with the federal consumer financial protection agency, the agency announced Friday. The Consumer […]
Credit unions nationwide continued to grow in the first quarter, but that growth was concentrated mostly in larger credit unions and in particular states – with some states showing a retraction in memberships and little […]
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