Are lawmakers inviting ‘hot money’ boom with brokered deposit bill?


Backers say a bill to limit asset growth instead of restricting brokered funds addresses concerns about expanding balance sheets at troubled banks. But skeptics worry it would open the door to greater risk.


Repealing brokered deposit law would be a costly mistake


Congress and the FDIC are considering easing limits on banks' holdings of such deposits, a move that could inadvertently lead to more expensive failures.


OCC to lower assessment fees despite surge in bank assets


The Office of the Comptroller of the Currency will use year-end 2019 asset totals in its calculating its next assessment, saying national banks "should not be penalized" for adding emergency loans to their books during the pandemic.


Juneteenth, OCC targeting ex-Wells execs, deposit glut: Top stories of the week


JPMorgan Chase, Fifth Third, Truist among banks closing early to observe Juneteenth; inside the OCC's effort to extract $37.5M from former Wells Fargo execs; banks are at a loss what to do with record amount of funds; and more from this week's most-read stories.


Banks at a loss what to do with glut of deposits


A record amount of funds have flowed into banks since the coronavirus hit, but a low rate environment and tepid loan demand are complicating efforts to put that money to work.


Banks back bill to eliminate brokered deposit restrictions


The legislation would aim to address concerns that the current policy is outdated by establishing a new regime to limit asset growth for banks that are not well-capitalized.


Banks must shift focus to thrive in extraordinary times


Past is not prologue, and a successful strategy for becoming a top-performing bank in 2020 is very different than it might have been just six months ago.


Wells Fargo struggling to stay under asset cap amid pandemic, CEO says


Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to heed the $1.95 trillion growth ceiling set by regulators in the aftermath of its phony-accounts scandal.


Goldman predicts bumpy recovery, says problem loans could rise in 2Q


The economic contraction caused by the coronavirus pandemic has been worse than the Wall Street firm had modeled two months ago, its president John Waldron said Wednesday.


S&T in Pennsylvania discloses potential exposure to check kiting scheme


The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.