News Topic: Federal Reserve

Bank earns $75 million for saving Bass Pro Shops's acquisition of rival outdoor retailer; Trump to name Randal Quarles as Fed's vice chairman for bank supervision. ... Read full article

Randal Quarles, the latest front-runner for the vice chair of banking supervision at the Federal Reserve Board, would represent a moderate, mainstream Republican choice that is likely to be welcomed by the financial services industry. ... Read full article

President Donald Trump plans to nominate Randal Quarles, a senior Treasury official in the Bush administration, to be the Federal Reserve's top banking regulator, according to a person familiar with the selection process. ... Read full article

The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals. ... Read full article

President Trump has been in office for nearly 12 weeks, but he still hasn’t nominated several critical positions among financial services regulators. Following is a guide to what’s vacant now, and when other posts will be available. ... Read full article

Federal Reserve Gov. Jerome Powell has been tapped to head the agency’s supervisory committee, the post formerly held by Gov. Daniel Tarullo. ... Read full article

Negative interest rate policies have not been shown to speed up spending or borrowing. In some cases, countries with such policies have seen their savings rates continuing to climb. ... Read full article

Richmond Federal Reserve Bank President Jeffrey Lacker’s revelation that he was behind a 2012 leak may embolden the central bank’s critics in Congress. ... Read full article

Fifteen months before he resigned under a cloud, Jeffrey Lacker, then president of the Federal Reserve Bank of Richmond, found himself in an odd position. ... Read full article

Jeffrey Lacker admits his involvement in a 2012 leak that sparked a criminal probe by the Fed; Wells has fired dozens in its credit card processing unit for inflating merchants' sales figures. ... Read full article

In his final public remarks before stepping down from the agency, Fed Gov. Daniel Tarullo called for several changes to the system, including dropping a key element of the stress tests and rethinking the Volcker Rule. ... Read full article

Richmond Fed President Jeffrey Lacker resigned Tuesday after revealing that he inadvertently disclosed confidential information about monetary policy to an analyst in 2012. ... Read full article

Sen. Pat Toomey, R-Pa., asked the Government Accountability Office to weigh in on whether two pieces of bank regulatory guidance are in fact rules for the purposes of the Congressional Review Act. ... Read full article

The Federal Reserve sent nearly $91.5 billion to the U.S. Treasury, according to the central bank’s annual independent audit released Friday. ... Read full article

Regulators issued determinations on living wills for 16 midsize and specialty banks Friday morning, finding only Northern Trust’s submission lacking. ... Read full article

The regulator said that Santander has not made sufficient progress in complying with a 2015 enforcement order. ... Read full article

The Justice Department believes that Pyongyang was behind last year's New York Fed heist; Marcus Schenck, DB's CFO and deputy CEO, may be next in line to head the big German bank. ... Read full article

During a panel discussion Tuesday, regulators said they are trying not to crack down too hard on sales incentive programs and fix problems that bankers have identified with the exam system. ... Read full article