Federal Reserve

Fed seeks to clarify bank control framework

04/23/19

The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company.

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Trump drops plan to nominate Herman Cain for Fed after GOP balks

04/22/19

President Trump said he won't nominate Cain for a seat on the Federal Reserve Board after opposition from his own Republican party appeared to sink the former pizza company executive's hopes for Senate confirmation.

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With stress tests, less is more

04/17/19

The Fed is stepping up transparency around its process for testing bank resiliency in a hypothetical crisis, but additional improvements are needed.

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Small businesses turning far more often to online lenders: Fed

04/16/19

The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders.

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FDIC board backs reg relief proposals for foreign banks, living wills

04/16/19

Following the Federal Reserve Board, the FDIC signed off on proposed measures to ease resolution planning requirements and tailor supervisory standards for foreign banking companies operating in the U.S.

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Will White House memo be a roadblock for reg relief?

04/16/19

The administration’s move seems aimed at cutting down on regulation. But broader reviews by the White House under the Congressional Review Act could hinder rules the industry supports.

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Will reg relief plan bring back failure-related risks?

04/15/19

Despite consensus that regulators should ease so-called “living will” requirements by some degree, critics charge that a proposal by the Fed and FDIC could undo gains in making large banks easier to resolve.

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Wells Fargo's new timeline to escape asset cap: There isn’t one

04/12/19

The San Francisco bank is under pressure from investors to get out from under a Fed-imposed asset cap and to hire a new permanent CEO. But executives said Friday that thoroughness is more important than speed.

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Fed entry into real-time payments would do more harm than good

04/12/19

Arguments that the central bank should develop its own system for faster payments ignore current market realities, argues The Clearing House, which has developed its own network.

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