23sep08

First Republic Bank had CAMELS composite ‘2’ rating throughout four years leading up to its failure, FDIC reports, with not enough push-back on its reliance on uninsured deposits

September 8, 2023 0

First Republic Bank of San Francisco received a CAMELS rating of “2” from 2018 up until its failure in May 2023, with its component Liquidity rating upgraded to “1” in 2021 despite its reliance on […]

CBDC still under research, Fed top supervisor advises; notes concern with growth of stablecoins

September 8, 2023 0

A central bank digital currency (CBDC) continues to be studied by the Federal Reserve, its top supervisor said Friday – but the official emphasized that the agency has made no decision yet and reiterated that […]

‘Pig butchering’ – scam that preys on virtual currency users – highlighted in agency alert

September 8, 2023 0

‘“Pig butchering,” called a “prominent virtual currency investment scam” by Treasury’s financial crimes enforcement unit, is the target of an alert issued Friday warning of the swindle by the agency. According to the Financial Crimes […]

First Republic Bank had CAMELS composite ‘2’ rating throughout four years leading up to its failure, FDIC reports, with not enough push-back on its reliance on uninsured deposits

CBDC still under research, Fed top supervisor advises; notes concern with growth of stablecoins

‘Pig butchering’ – scam that preys on virtual currency users – highlighted in agency alert

Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

Fed issues two proposals for stablecoin issuers; one on backing with reserve assets, the other for ‘tailored application’ process

Foreclosures inch up in second quarter, but delinquencies drop and performing loans increase

Credit union regulator releases quarterly update to its simplified CECL tool

OCC updates program setting examiner objectives in cybersecurity supervision