Senate bill would add another step to FSOC designation process


A bipartisan group of senators is proposing legislation to require the Financial Stability Oversight Council to weigh alternatives before putting a large, complex nonbank under Federal Reserve supervision.


Dodd-Frank oversight council wants to make it harder to designate nonbanks


The revisions would emphasize activities-based regulation over labeling individual firms as systemically risky.


Fed curbs stress test requirement for most large banks


The central bank is limiting the use of its qualitative objection in this year’s stress tests, the agency announced Wednesday.


Is Dodd-Frank oversight council still relevant?


The interagency panel formed to head off approaching systemic risks must figure out its next move after having undone designations of nonbank firms.


With SIFI threshold lifted, New York Community accelerates growth


Assets increased 6% in 2018 to nearly $52 billion as loan originations surged and the company redeployed $2 billion of cash into higher-yielding securities.


Warren asks big banks for details on their shutdown response


Sen. Elizabeth Warren questioned the five largest U.S. retail banks in a letter on what they are doing to reduce the impact of the government shutdown on customers.


Hard Brexit is a systemic risk to U.S. banks


A no-deal Brexit could throw the international swaps market into disarray in a way that could be difficult to predict, and could have dire consequences for U.S. banks and the world economy.


Fed readying capital rule for insurance firms under its watch


The Dodd-Frank Act gave the central bank authority to set capital requirements for insurance companies that own a federally insured bank, as well as those determined to be systemically important.


Top bank M&A deals of 2018


A big splash by Fifth Third, a bid by WSFS to reinvent itself and some bold long-distance expansions highlighted a year where deal activity held steady but premiums rose.


Two Democrats added to Senate Banking Committee in new term


Sen.-elect Kyrsten Sinema, D-Ariz., and Sen. Tina Smith, D-Minn., will join the panel as their caucus loses two other committee members who suffered election defeats.