Kyle Campbell covers the Federal Reserve and housing policy for American Banker. Previously, he wrote about institutional investment in real estate for PERE. He has also held staff positions at Real Estate Weekly, the New York Daily News and the Southampton Press.
The Federal Reserve Board of Governors ordered FMB Bancshares to implement significant management changes and capital restructurings in 2009.
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency have issued statements on crypto risks this year. Industry participants warn about a chilling effect.
Despite the positive trajectory, a joint report from the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency pointed to potential distress on the horizon.
The Federal Reserve had asked the court to throw out the case after rejecting the digital-asset bank's application for a master account.
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency also flagged stablecoin reserves, deposit insurance claims and brokered deposit requirements as potential liquidity risks.
The biennial inquiry comes at a time when many are questioning the use of Federal Home Loan bank advances and the system's overall impact on housing.
The Wyoming-base crypto bank accused the Federal Reserve Board of working with the White House to block its access to the central bank's services.
Federal Reserve Gov. Michelle Bowman told a group of Tennessee bankers that the review is warranted but says many banks already have plenty of capital. She also touched on ESG, transparency and central bank digital currencies.
The departure of the Federal Reserve's No. 2 could have a profound impact on who steers its policymaking efforts on several key issues, including revamping the Community Reinvestment Act and FedNow.
The Federal Reserve vice chair's departure creates an opening in the Board of Governors' second-in-command position.