A former Barclays Bank employee would be barred for life from banking industry employment and assessed a nearly half-million-dollar fine for using electronic chat rooms to influence foreign exchange pricing benchmarks under a notice filed […]
A $14,000 fine for violations of flood insurance requirements has been levied against a West Virginia bank by the Federal Reserve. Clear Mountain Bank of Bruceton Mills, W. Va., (assets: $581 million) was assessed the […]
Penalties of $275 million, and a forfeiture of $528 million, were imposed on one of the nation’s largest banking companies after federal banking and law enforcement agencies determined it was in violation of federal anti-money […]
An enforcement action has been terminated against Cornerstone Bancshares, Inc., of Overland Park, Kansas, the Federal Reserve said Tuesday. The action was first imposed in 2010. Under the consent agreement signed in 2010 by the […]
A former employee of an Alabama bank has been prohibited from working at a financial institution after embezzling money from bank customers for personal gain, the Federal Reserve said Tuesday. Eric Scott Darty, formerly of […]
Saying that the Federal Reserve will remain alert to any developing risks to financial stability, the agency’s new board chairman said Tuesday that the central bank would preserve regulatory changes made in the wake of […]
The merger of Howard Bancorp with First Mariner Bank (FM), both of Maryland, was approved on a vote of 3-0 Monday by the Federal Reserve Board. The Federal Reserve, in its filings, noted that the […]
Nominations for the chairman of the Federal Deposit Insurance Corp. (FDIC) Board, a member of the Federal Reserve Board and the insurance representative for the Financial Stability Oversight Council (FSOC) were all approved Thursday by […]
A former Maryland banker would be banned for life by the Federal Reserve from participating “in any manner in the conduct of the affairs of any institution” due to his self-dealing, ultimately causing the bank […]
Banks on balance eased their standards and terms on commercial and industrial (C&I) loans to large and middle-market firms while demand for such loans was basically unchanged, the Federal Reserve said in its January survey […]
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