Treasury Department

The Treasury Department will take a huge hit when Cecil Bancorp sells it bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock.

The nation’s largest state set out to bring a once-illicit industry into the financial mainstream but is now running into a Washington, D.C.-size barrier.

Federal regulators supported several changes the banking industry has been seeking in an appearance before the Senate Banking Committee on Thursday, acknowledging the need to limit the Volcker Rule and better define systemically important banks.

The Fed is preparing to release the results of its annual stress tests in what is likely to be the last iteration of the post-crisis supervisory program before sweeping changes are made.

The Treasury Department published its first report on regulatory reform, offering some familiar industry asks alongside some surprising positions.