John Heltman is the Washington Bureau Chief for American Banker. John previously edited American Banker Magazine and is the creator of American Banker's narrative podcast Bankshot. He was awarded the Grand Neal, the top honor bestowed by the Jesse H. Neal Awards, in 2019 for his narrative podcast series Nobody’s Home, which examines the economic and social impact of concentrated vacant housing. He was also named the 2019 McAllister Editorial Fellow at Medill School of Journalism at Northwestern University. He is a 2005 graduate of St. Mary’s College of Maryland and lives in Baltimore, Md.
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Banking regulatory agencies Thursday announced that they would raise the aggregate loan commitment threshold for syndicated loans to be included in the Shared National Credit program from $20 million to $100 million.
December 21 -
Comptroller of the Currency Joseph Otting said in a press conference Wednesday morning that there is a place in the banking world for some kind of fintech charter, though the exact parameters of such a charter are still unclear and have to be worked out.
December 20 -
The Federal Reserve and Federal Deposit Insurance Corp. identified shortcomings with the living wills of Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley, even as they gave them and the remainder of the eight biggest banks a pass.
December 19 -
The Federal Reserve Board announced that Vice Chairman of Supervision Randal Quarles will recuse himself from matters related to Wells Fargo “to avoid even the potential appearance of a conflict of interest.”
December 15 -
The Trump administration's first interagency assessment of systemic risk highlighted many of the same worries as previous reports, but added a new emphasis on economic growth and regulatory tailoring.
December 14 -
Despite concerns from Democrats about the bank regulatory views of Federal Reserve Board officials who will lead the central bank going forward, the current Fed chair said she is not worried.
December 13 -
A district court judge said the state’s suit against Office of the Comptroller of the Currency is premature because the agency has not finalized its fintech charter nor has any firm applied for it.
December 12 -
In contrast to initiatives at other agencies, where Trump appointees are poised to go in a significantly different direction than their Obama-appointed predecessors, the stress test work appears aligned with the vision set out by former Fed Gov. Daniel Tarullo.
December 12 -
The central bank's proposal would eliminate the use of a bank’s "strength of support assessment" ranking among other changes.
December 11 -
The industry derides the proprietary trading ban as costly, and the Trump administration has heard those concerns. Yet regulators must choose between subtle though expedient pin-prick changes versus a more drastic overhaul.
December 11
