Joe Adler

WASHINGTON — Most thrift holding companies will get a two-year phase in period for following Federal Reserve Board reporting requirements while others will initially be exempted, the central bank said Friday.

The Obama administration is considering nominating Jeremiah Norton, an executive director for JPMorgan Chase & Co.'s investment bank, to sit on the Federal Deposit Insurance Corp.'s board of directors.

The Federal Deposit Insurance Corp. has named Kristie K. Elmquist its Dallas regional director.

Agency had originally sought much more in case stemming from 2008 failure, but officials say deal still provides creditor relief.

The nomination of Hoenig, the former Kansas City Fed president, now moves to the full Senate for consideration.

The Senate Banking Committee has scheduled a vote Tuesday on Thomas Hoenig to become vice chairman of the Federal Deposit Insurance Corp.

With lessons of crisis still fresh, the agency has launched a corporate risk-management office to prepare for future dangers.

New polls find that bankers may at least be more liked than lawmakers.

Lower failure activity drives spending decline, but agency adds resources for Dodd-Frank implementation.

Support for a clearer ban is widespread since a 60 Minutes report suggested lawmakers — including House Financial Services Committee Chairman Spencer Bachus — traded on nonpublic information, but members are still debating the scope of the legislation.

Following MF Global failure, agency limits firms' ability to invest customer money in sovereign debt and other instruments.

While the living will rule requires firms to provide voluminous data on many aspects of their banking companies, regulators are likely to be primarily focused on a narrative of how they can be taken apart.

The Treasury Department sent a letter to the nearly 400 banks still in the program attempting to chart a path toward the exit.

With customers awaiting claims stemming from bankruptcy of derivatives firm, lawmakers urge tougher rules on segregating funds.

Throughout his career, Barney Frank was unapologetic about his strong positions, but his legacy will be his ability to work the legislative process to his advantage.

The central bank said it will begin a comprehensive capital analysis of 31 financial institutions, including a new round of stress testing for 19 of those banks. Such institutions must be "well prepared" to meet new international capital standards when they file capital plans next year, according to the Fed.

While banks earned $35.3 billion in the third quarter, the FDIC warned that such profits are unsustainable without greater loan growth.

The banking industry earned $35.3 billion in the third quarter, a nearly 50% increase from the same point last year and the highest level for profits since the second quarter of 2007, according to a report released Tuesday by the Federal Deposit Insurance Corp.

Consumer groups applaud agency's decision to allow more time for comment on Cap One's deal for the credit card portfolio of HSBC.

Watchdog agency says 125 alleged schemes have been shut down through partnering with online search sites.