News Topic: FDIC

The agencies had proposed revisions designed to make compliance less complex, but banks have expressed concern that the plan could have the opposite effect. ... Read full article

Unilateral approaches to bank regulation are risky, but the OCC's plan to seek public comment independent of the other agencies could help shed light on a CRA debate that is now being waged internally. ... Read full article

The agency says it will act independently of other regulators to release a notice asking for public input on revamping the decades-old law. ... Read full article

A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book. ... Read full article

Before the passage of the recent regulatory relief law, only banks with assets of less than $1 billion were on an 18-month exam schedule. ... Read full article

A top regulator has signaled that the banking agencies are receptive to extending the comment deadline, after banks raised concerns about a proposed revision to the ban on proprietary trading. ... Read full article

The industry’s profit was $60.2 billion, a more than 7% increase from the previous record set in the first quarter and a 25% leap from a year earlier, the agency said in its quarterly report on the industry's health. ... Read full article

The regulation implements a recent legislative provision dealing with how banks comply with post-crisis liquidity requirements. ... Read full article

Although it’s required to by law, the Federal Deposit Insurance Corp. has not had an independent director with state bank supervisory experience since 2012. It’s time for that to change. ... Read full article

The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer. ... Read full article

Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities. ... Read full article

The companies had been unable to secure regulatory approval for the deal, which was announced a year ago. ... Read full article

Tekalign Gedamu, who would chair Marathon International Bank, says that Zekarias Tamrat is bad-mouthing the de novo effort following his dismissal and a subsequent payment disagreement. Tamrat was slated to be the bank's president. ... Read full article

Readers react to Wells Fargo's latest penalty, weigh in on the Vatican's criticism of credit default swaps and opine on the long tail of the financial crisis. ... Read full article

Zekarias Tamrat blamed the proposed Marathon International Bank's chairman and directors for delays in getting its application approved. ... Read full article

The proposal released in May to clarify how banks comply with the proprietary trading ban would “undermine a fundamental provision" of Dodd-Frank, lawmakers said. ... Read full article

A new law exempts small lenders from expanded mortgage data reporting, but regulators are signaling that banks no longer have to collect the data either. ... Read full article

The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications. ... Read full article