Lalita Clozel covers fintech regulation, anti-money-laundering, cybersecurity and the Federal Deposit Insurance Corp. in American Banker's Washington bureau.
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IBM is set to announce new tools on Wednesday aimed at reducing the compliance burden of financial institutions and sifting through the mounds of data they collect by using Watson, its cognitive computer.
June 14 -
Ahead of a vote on a bill that would eliminate orderly liquidation authority, supporters of those powers are proposing changes to make OLA more palatable to conservatives.
June 6 -
The group representing large banks argued in a report Friday that overlapping regulations are hurting the industry's efforts to deal with cyberthreats.
June 2 -
The end of the filibuster for presidential nominees could affect whether Democrats get a say in picking board members of the FDIC.
May 30 -
A top Trump administration official on Thursday vowed to roll back FDIC powers to seize and unwind a failing megabank.
May 25 -
The FDIC's Quarterly Banking Profile was mostly good news for banks, showing higher profits and lower noncurrent loans, but loan growth remains a worry. Following are insights into bank earnings.
May 24 -
Bank earnings leaped to $44 billion in the first quarter, a 12.7% increase from a year earlier, but loan growth marked its first quarterly slowdown since 2013.
May 24 -
The acting Comptroller of the Currency named longtime OCC official Michael Sullivan as deputy comptroller for economics.
May 23 -
Banamex USA will pay $97.4 million to the Justice Department over widespread anti-money-laundering abuses.
May 22 -
Jim Donovan, nominated in March, was one of many Goldman Sachs alums to join the administration.
May 19
