News Topic: GSIBs

The nation's largest bank is hiring former prisoners for entry-level jobs and funding a policy center whose mission will be to help adults with criminal histories reenter the workforce. ... Read full article

Perhaps the biggest test that Charles Scharf will face when he starts next week will be how to control expenses while still trying to make the necessary investments in risk management to satisfy regulators. ... Read full article

Better-than expected trading results also helped to boost net income. ... Read full article

A healthy increase in consumer banking revenue also helped drive an 8% jump in profits at the nation's largest banking company. ... Read full article

Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader. ... Read full article

Europe would feel the brunt of the reductions, which would affect about 4% of the bank's global workforce. ... Read full article

The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't? ... Read full article

The German bank responds to an op-ed that criticized its restructuring. ... Read full article

The regulators have yet to complete rules on regional bank supervision, community bank capital and other provisions meant to ease institutions' burden. ... Read full article

The eight "systemically important" banks currently file resolution plans annually, but a pending proposal would require them every two years. ... Read full article

The central bank may need to rethink how it uses a tool meant to combat elevated risk in boom times, said Vice Chairman for Supervision Randal Quarles. ... Read full article

The German banking giant is also looking to create a "bad bank" to wind down as much as $56 billion in unwanted assets, according to a person familiar with the matter. ... Read full article

This is the first year that only the largest and most complex banks will be included after the Federal Reserve decided to let smaller firms wait until next year to resume testing. ... Read full article

Fitch Ratings issued a negative warning for global banks after federal regulators proposed some relief from resolution plan requirements. ... Read full article

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. ... Read full article

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. ... Read full article

On the same day the House Financial Services Committee held a hearing with CEOs of seven of the largest banks, Sen. Sherrod Brown said bank misconduct since the crisis demanded further inquiry by the Senate Banking Committee. ... Read full article

The Federal Reserve Board unveiled a host of proposed changes to tailor U.S. supervision of foreign firms, as well as a proposal easing “living will” requirements for both domestic and overseas banks. ... Read full article