Ian McKendry

The New York State Department of Financial Services gave a third virtual currency company the green light to begin operations in the state.

The New York State Department of Financial Services on Monday gave a third virtual currency company the green light to begin operations in the state.

A bank failure in Georgia and then another in Washington state late Friday were estimated to cost the Federal Deposit Insurance Corp. nearly $25 million.

Compared with other recent breaches, the theft of 6,400 user email addresses and passwords on the American Bankers Association's website might seem like small potatoes. But experts said the attack — the first in the association's history — was still significant and could have implications for banks.

A new survey reveals a wish-list for anti-money laundering specialists to help ease their process of assessing customer risk, a major concern as mobile technology and virtual currency play a larger role in the payments market.

A survey due to be released Wednesday reveals a wish list for anti-money-laundering specialists to help ease their process of assessing customer risk.

WASHINGTON — The Federal Deposit Insurance Corp.'s inspector general has cleared a senior attorney for the agency who had been accused of giving false testimony to lawmakers over the agency's role in "Operation Choke Point."

Community banks are hoping regulators' recent decision to drop certain items from call reports is just the beginning of supervisory efforts to streamline the forms to reduce their burden.

WASHINGTON — The Federal Deposit Insurance Corp.'s involvement in the Justice Department's Operation Choke Point was minor, the agency's inspector general said Thursday.

Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said favorable leverage-ratio treatment for certain derivatives would undermine postcrisis capital reforms.