Joe Adler

Retiring Massachusetts Rep. Barney Frank, who chaired the House Financial Services Committee when the Democrats last held control, offered a mea culpa Wednesday to the incoming chairman of the panel, Rep. Jeb Hensarling.

In an appearance on former New York Gov. Eliot Spitzer's TV show, Rolling Stone columnist Matt Taibbi and his host were outraged that HSBC did not face criminal prosecution after the government said it allegedly helped drug dealers and terrorists launder money.

A battle over Senate procedures and the FDIC's absence from the debate were viewed as contributing to blocking a bill to extend the TAG program.

Efforts to extend the Transaction Account Guarantee program were dealt a significant blow Thursday as senators blocked a vote on a two-year extension over objections it would cost the government money.

The FDIC signed off on an 18% cut in funding for 2013, but it is still dealing with elevated numbers of troubled banks and Dodd-Frank-related workload.

FDIC and Bank of England released a white paper showing agreement about resolution approaches as a top BOE official signaled flexibility in how the U.S. resolves firms with U.K. operations.

The Senate is preparing to vote soon on a bill to keep TAG alive even as various interests, including large institutions and money-market mutual funds, fight to shut the program down.

Cyrus Amir-Mokri, the assistant secretary for financial institutions, said the industry's technological advances should be accompanied by an awareness of the risk of systems breakdowns.

Paul Tucker, deputy governor of the Bank of England, will address the FDIC's special advisory committee on resolutions to discuss coordination efforts between the U.S. and U.K.

The FDIC's third-quarter report on the health of the industry shows lending climbed upward, but reduced loss provisions and sales of existing assets are what boosted earnings.

A sharp rise in noninterest income — including gains on asset sales — helped banks and thrifts record their best quarterly earnings total in six years, the Federal Deposit Insurance Corp said Tuesday.

Rep. Jeb Hensarling is criticizing a provision in a House-approved immigration bill that would extend higher guarantee fees at the government-sponsored enterprises.

President Obama formally approves confirmations of Martin Gruenberg to run the FDIC and for Thomas Hoenig to be the vice chairman.

FDIC board member Thomas Hoenig proposes corresponding a bank's required capital minimum to its Camels rating and subjecting big banks to more detailed exams.

As policymakers mull the future of U.S. mortgage policy, Federal Housing Finance Agency chief Ed DeMarco sees a potential starting point in an entity he does not regulate: the Federal Housing Administration.

Sen. Bob Corker said Wednesday he plans to oppose extending the Transaction Account Guarantee program, just days after the Senate's top Democrat proposed a two-year renewal.

Senate Majority Leader Harry Reid has sponsored a stand-alone bill to give the Transaction Account Guarantee program another two years, but its passage is not a slam dunk.

Regulators released new details on how they will enforce restrictions on charter swaps by troubled banks.

Housing industry officials applauded the CFPB's bid to streamline mortgage disclosures, but they are now expressing concern about the more inclusive APR requirements and limits on changes in costs that can vary over time.

As it dissolves in the wake of anti-money laundering violations, First Bank of Delaware Owes $15 million to Uncle Sam.