Ebrima Santos Sanneh

Regulators covered Silicon Valley Bank and Signature Bank customers' money, and will need to replenish the Deposit Insurance Fund with higher assessments. But smaller banks don't want to pay for larger banks' mistakes.

The voluntary liquidation of one of the most crypto-friendly banks has sent ripples through political and policy circles, but the concrete effects and lessons to be learned may take time to untangle.

Nonbanks that refer to "deposits" and "APY" interest payments are drawing scrutiny from regulators, and some observers say Congress needs to clarify what nonbanks can say about their interest-bearing offerings.

The Treasury will join with a group of Federal Reserve and other agencies to develop standards that they hope will shape both foreign CBDCs and a U.S. government digital dollar, should Congress authorize one.

Banks reported record growth in net interest margins in 2022, but net income still fell, and the industry "continues to face significant downside risks" from inflation and other factors, Martin Gruenberg says.

The Federal Deposit Insurance Corp.'s Inspector General says the agency needs to mitigate digital asset risks, and notes that dozens of its affiliate banks are looking into — or are actively engaged with — crypto assets.

Amid the clamor over the agency's new beneficial ownership database, banks want FinCEN to withdraw the rule.

The Federal Deposit Insurance Corp. told a group of cryptocurrency platforms to stop making false claims that their crypto assets are insured.

As the Office of the Comptroller of the Currency rethinks its bank merger framework, the standard metric for determining a bank's deposit concentration in a merger review is increasingly irrelevant, officials say.

Republicans have increasingly negative views of banks, while the banking industry is finding modest, but growing common ground with Democratic lawmakers.

The Federal Deposit Insurance Corp.'s Office of Inspector General found a number of weaknesses in the agency's cyber risk examination program.

Senate Democrats and banks want to subject industrial loan companies to Fed supervision, but even without legislation observers say the FDIC is skeptical of new applications.

Authorities gained from Russian sanctions legislation helped law enforcement build the case against Hong Kong-based exchange.

Michael Hsu, the interim head of the Office of the Comptroller of the Currency, warns that the OCC and other agencies would take harsh steps to punish large banks that chronically violate the rules — including splitting them up.

The banking industry pushed Congress to pass the Fair Hiring in Banking Act as part of last year's defense spending bill. But while banks and some public interest groups hailed the move, others say it doesn't go far enough.

The Office of Financial Research proposed a rule that would give it greater transparency into non-centrally cleared bilateral repurchase agreement transactions.

Minneapolis Federal Reserve Bank President Neel Kashkari compared the recent inflation to rideshare surge pricing, and called for a new approach to gauging and modeling price pressures.

The conflict caused inflationary price swings and an exodus of Western businesses from Russia, while also making a recession more likely in 2023.

The confirmation of Martin Gruenberg to chair the Federal Deposit Insurance Corp. is the final chapter of the political fracas surrounding former chair Jelena McWilliams' departure. But it also means he could be outvoted if a Republican takes the presidency in 2024.

In a joint review published Friday, the Federal Reserve and Federal Deposit Insurance Corp. found problems with two foreign banks' bankruptcy resolution plans.