OCC

Treasury readying capital markets fixes

09/18/17

The Trump administration is prepping recommendations to address shortcomings in the capital markets in a report to be released next month, a top Treasury Department official said Monday.

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This banker’s how-to guide to beating grueling de novo process

09/15/17

David Dotherow, CEO of the newly formed Winter Park National Bank, stresses the need for strong management and a straightforward business plan when applying for a charter.

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This banker’s how-to guide to beating grueling de novo process

09/15/17

David Dotherow, CEO of the newly formed Winter Park National Bank, stresses the need for strong management and a straightforward business plan when applying for a charter.

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Lawmakers stay clear of ILC charter debate … for now

09/13/17

Few lawmakers have stated positions on fintech applications for industrial loan company charters. It may not stay that way.

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Square’s ILC bid may open floodgates for fintechs

09/11/17

Square became the third fintech firm in recent months to seek out a bank charter. Others are likely to follow.

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Senate panel approves leadership picks for Fed, OCC

09/07/17

The nominations of Randal Quarles as Federal Reserve Board vice chairman and Joseph Otting as comptroller of the currency will now head to the full Senate.

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Banking-and-commerce debate returns to fore, with a tech twist

09/05/17

The debate over the separation of banking and commerce has come roaring back, but instead of Walmart in a spotlight role, many banks have centered on a player they see as the new villain: fintech.

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How this bank’s anti-laundering blunders became a ‘sales tool’

09/05/17

Nothing like revelations of a client’s Ponzi scheme that lead to your bank paying $4 million in anti-money-laundering fines. That’s what happened at Gibraltar Private Bank & Trust, but its CEO argues its compliance overhaul has given the bank a competitive advantage in cosmopolitan New York and South Florida.

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OCC, FDIC to shorten securities settlement cycle

09/01/17

The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have signed off on an abbreviation of the settlement cycle for securities to two days from three days.

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Fed issues final rule targeting early termination clauses for megabanks

09/01/17

The rule limiting the largest U.S. banks’ ability to enter into contracts with early termination clauses is intended to forestall a liquidity crunch if the bank is under stress.

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