Rep. Patrick McHenry, R-N.C., the ranking member of the House Financial Services Committee, urged Chairwoman Maxine Waters, D-Calif., to prioritize certain "critical areas" in the new Congress.
The Federal Reserve is examining how Deutsche Bank handled billions of dollars in suspicious transactions from Denmark's leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever.
Seventy-eight percent of global banks now use regulatory stress tests to assess concentrations and set limits internally, according to a Deloitte survey to be released Wednesday. That's up from 67% in 2012. Eighty-seven percent of respondents said they use capital stress tests for strategy and business planning, up from 68%.
CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.
