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

NCUA deregulation project expected to run all year, maybe into 2027

Fed proposal: Banks, credit unions could use correspondents to send payments via FedNow

Proposed rule subjects stablecoin issuers to anti-money laundering regs, as mandated by GENIUS

Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role

GENIUS Act proposal for comment issued by FDIC

FDIC, OCC ban use of reputation risk in supervising banks

Groups would no longer be barred from credit union membership without buying service, product