Ebrima Santos Sanneh covers the Treasury, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency for American Banker. He is a native of Providence, R.I. and a 2020 graduate of UCLA. Before joining American Banker he worked as a staffer for Sen. Jack Reed, D-R.I.
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The agencies warned banks to fix fee programs before they result in penalties.
April 26 -
The banking industry and consumer advocates praised the Financial Stability Oversight Council's move to reinvigorate its authority to regulate nonbanks. But that effort is going to take time and is guaranteed to face political headwinds.
April 25 -
The largest lobbying group in the United States, the U.S. Chamber of Commerce, said that calls for stronger regulation in the wake of March's bank failures were premature and baseless. The group also defended a 2018 deregulatory law and urged lawmakers to pump the brakes on new regulation until policymakers carefully review all facts.
April 20 -
A House hearing showcased a bipartisan consensus on the need to regulate stablecoins, but the parties disagree down to the definitions, making the legislation's future uncertain.
April 19 -
The Federal Deposit Insurance Corp. said it will propose a special assessment to cover losses from Silicon Valley Bank and Signature Bank in May, and noted that bank deposit outflows are largely uninsured.
April 18 -
Treasury Secretary Janet Yellen continued to hold her administration's stance of steadfast support for Ukraine, but the secretary indicated responsible stewardship of U.S. aid and enduring cooperation from western allies would be essential to continuing robust support.
April 12 -
Travis Hill, the Republican vice chair of the Federal Deposit Insurance Corp., said poor interest rate risk management caused last month's bank failures and denounced calls to reinstate tighter supervisory standards on midsized regional banks.
April 12 -
The six financial regulators that need to finish Dodd-Frank section 956, the executive compensation rule, would be better served legally by finishing a 2016 proposal rather than restarting the process, a group of progressive financial policy advocates wrote to regulators.
April 11 -
The world's largest asset manager, often known for its close partnerships with government agencies, will market SVB and Signature Banks' former assets.
April 6 -
As FDIC seeks a buyer for the remaining assets left after its sale of most of Signature Bank to Flagstar Bank, the agency has announced $60 billion in deposits — including some New York City commercial real-estate loans — will be on the market by this summer.
April 4
