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 American Bankers Association, Credit Union National Association and other industry advocates say the current July 1 deadline threatens the safety and soundness of banking sector.
In a speech on the central bank's regulatory agenda for the year, Federal Reserve Board Gov. Michelle Bowman said the merger-and-acquisition review process could benefit from added transparency.
In a speech on digital assets and decentralized finance, the Federal Reserve Board governor said the underlying technology of the volatile sector has value.
Along with the typical severely adverse scenarios, global systemically important banks will be tested against a second set of conditions that involve a market shock.
In remarks delivered at an agribusiness conference in Arkansas, the Federal Reserve Board member signaled that high financing costs are not going away anytime soon.
The Federal Reserve's top regulator says discriminatory practices of the past still have an impact today and calls on banks and their supervisors to be more vigilant.
In February 2018, the Federal Reserve prohibited the San Francisco-based bank from growing beyond $1.95 trillion. Five years later, analysts, investors and lawmakers are left with more questions than answers about the unprecedented enforcement action.
Pointing to an FDIC policy change in 2020, regulatory experts say it's time for the agency to revisit what constitutes a brokered deposit.
The Federal Reserve Chair urged Congress to raise the debt ceiling, warning the impacts of not doing so could go beyond the central bank's ability to mitigate.
The current president, Esther George, is set to leave office on Jan. 31. The reserve bank's search committee has no deadline for finding a full-time successor.
The Federal Reserve Bank of Kansas City's decision comes just hours after the Federal Reserve Board of Governors blocked the digital asset bank's bid to become a member bank.
The decision does not end the digital-asset bank's goal of gaining access to the central bank's payment system, but it does make its road to approval more difficult.
It is rare for banks, especially large ones, to receive unsatisfactory ratings in their Community Reinvestment Act examinations. The San Antonio bank has now done it twice in a row.
During a hearing on racial bias in home valuation, the head of the Consumer Financial Protection Bureau questions the Appraisal Foundation's "weird" regulatory structure.
Working appraisers say government efforts to curb discrimination are pressuring them to inflate values, putting banks and borrowers at risk.
Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.
In a speech delivered Thursday afternoon, the Federal Reserve's vice chair said she does not see a wage-price spiral driving inflation, but rather a "price-price spiral."
Both Silvergate and Signature banks, two of the most active crypto counterparties in the banking sector, received advances from the quasi-governmental lenders to offset falling deposits.
Six large banks will have to estimate the impact of a major hurricane in the Northeast and one other climate disaster on their real estate portfolios. Policy-related risks will also be explored.
Three-quarters of bank financial officers said they would very likely turn to Federal Home Loan bank advances to boost falling reserve balances. The top priority was to meet liquidity requirements set in stress tests.