Ian McKendry is the Congress reporter for American Banker. He previously covered the Federal Deposit Insurance Corp., anti-money laundering and cybersecurity. Before joining American Banker he was an economic reporter for Market News International.
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WASHINGTON The Federal Deposit Insurance Corp. will provide an update on bank performance on Sept. 2 when it releases the Quarterly Banking Profile for the second quarter of 2015.
August 26 -
The largest bank in Tanzania has sued the U.S. Treasury Department to halt a rule that designates the bank as a "primary money laundering concern," which cuts off its access to dollar funding and may prove to be a death sentence for the institution.
August 26 -
WASHINGTON A Federal Deposit Insurance Corp. publication on Monday advised banks to include cyber risk in standard disaster-planning and business-continuity exercises as part of general strategic-planning discussions.
August 24 -
The FDIC wants to enlist banks to help determine which customers are insured and uninsured, but some say the FDIC is passing what should be its responsibility on to the industry.
August 17 -
A tip from a whistle-blower led regulators to crack down on Citizens Financial Group for ignoring discrepancies between customer deposit slips and the amount actually placed into the bank and similar actions against other banks could be on their way.
August 12 -
The two subsidiaries of Citizens Financial Group will pay regulators a combined $35 million to settle charges they engaged in "unfair and deceptive" actions related to deposit processing.
August 12 -
Steven Antonakes, who just stepped down last month as the deputy director of the Consumer Financial Protection Bureau, is joining the $9.6 billion-asset Eastern Bank in Boston to serve as a senior vice president and chief compliance officer.
August 10 -
WASHINGTON The Office of the Comptroller of the Currency named senior bank examiner Linda Cunningham as its first chief risk officer on Wednesday.
August 5 -
Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig on Tuesday reiterated his plan for banks that stick to "traditional" banking models and maintain high capital ratios to receive eased regulatory requirements, but added an extra incentive to the mix.
August 4 -
The past two weeks have dashed hopes by bankers that the New York Department of Financial Services might take a different approach after the departure of Benjamin Lawsky as its superintendent. In taking actions against Promontory Financial Group and launching a probe into a bank-run instant messaging service, the agency appears poised to carry on Lawsky's legacy.
August 3
