News Topic: FDIC

Deutsche Bank's U.S. business was put on a Federal Reserve list of problem banks and added to a group of troubled lenders monitored by the FDIC, according to a person familiar with the matter. ... Read full article

Volcker 2.0 could bring significant relief for the industry, but will likely fall short of what many had hoped. ... Read full article

More than a dozen lawmakers wrote to the banking agencies Friday, arguing that any regulatory reforms to the Community Reinvestment Act should focus on expanding access to credit. ... Read full article

President plans to ease regulatory burden on the largest banks; online merchants say a Visa-Mastercard button blocks cheaper payment methods. ... Read full article

While industry officials welcomed a bulletin from the Office of the Comptroller of the Currency encouraging banks to develop alternatives to payday loans, they are making no commitments to offer such products. ... Read full article

Jelena McWilliams, most recently chief legal officer at Fifth Third, previously served as a Senate GOP aide and an attorney at the Federal Reserve Board. ... Read full article

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank. ... Read full article

Montgomery was confirmed by the Senate 74-23 to serve his second stint at the FHA, where he previously was commissioner during the George W. Bush administration. ... Read full article

Long-awaited modifications to proprietary trading ban are to be unveiled at an open meeting on May 30. ... Read full article

A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman. ... Read full article

Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier. ... Read full article

Combined with another key change that would give banks more leeway in trading, the revisions on hedging could further blunt the impact of the rule named after a former Fed chairman. ... Read full article

Commenters will have more time to weigh in on the plan, by the Fed and OCC, that has triggered divisions among the federal regulators. ... Read full article

With Congress set to approve a regulatory relief bill and vote on an FDIC chairman, banks will soon see the deregulation they’ve long been anticipating. ... Read full article

Jelena McWilliams is expected to be easily approved by the full Senate when her nomination as FDIC chair comes up for a vote. ... Read full article

The proposed change would give banks more leeway in making trades and put more onus on regulators to challenge their judgments, sources said. ... Read full article

The Fed and FDIC are at odds over how proposed changes to the supplemental leverage ratio would change megabanks’ capital levels. Here's why both estimates are right but misleading. ... Read full article

As more consumer data is shared across banks, fintechs and data aggregators, the industry is asking for regulators to step in with better guidance. ... Read full article