ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer.
The central bank should consider rescinding the bank’s “financial holding company” status, which allows it to participate in nonbank activities, given its inability to respond to internal management problems.
Under the Obama administration, the OCC quietly prevented JPMorgan Chase from opening branches in new states as punishment for violating banking rules, according to sources.
Readers consider to new evidence regarding Operation Choke Point, debate the impact of Democrats taking control of the House in November, respond to concerns about weakening the Volcker Rule and more.
The result could play a big role in whether banks see more regulatory relief next year or policymakers can coalesce around a housing finance reform plan.
The assessment is designed to get banks on the same page in combating cybersecurity and make it easier for institutions and regulators to assess their performance.
