Regulators close to unveiling Volcker revamp: Sources


Wall Street watchdogs are poised to take a major step toward overhauling limits on banks’ ability to trade with their own funds, according to people familiar with the effort.


Blockchain, crypto tech need clear rules of the road


Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.


Consumer lender Oportun lays groundwork for IPO


In a registration statement filed with the SEC, the company revealed new details about its financial performance and its growth plans.


Regulators exempt community banks from Volcker rule


Bank regulators finalized a proposal to exclude small institutions from the proprietary trading ban, as required by last year’s reg relief bill.


Facebook thinks it can displace banks. Good luck with that.


Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.


House lawmakers introduce CECL 'stop and study' bill


The bipartisan House effort to delay the Current Expected Credit Loss standard comes less than a month after Republican senators introduced a similar bill.


Republican Senate bill would delay CECL until further study


The effort to delay CECL comes a week after a House panel mounted a bipartisan attack on the new FASB standard.


Regulators instructed to clear new rules with White House


The Trump administration directed independent agencies to submit their pending regulations for review by the Office of Information and Regulatory Affairs, a novel procedural hurdle that could slow down policy changes.


The specter of CECL looms over banks’ 1Q calls


With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital.


SEC chief warns on leveraged loans; Wells’ woes continue


Clayton is the latest to raise concerns about bank loans to highly indebted companies; Wells Fargo’s performance took a hit with its reputation.