Lalita Clozel

Biscayne Bank in Miami, a community bank that focuses on serving high-net-worth individuals from the Caribbean and Latin America, has been named as an intermediary in the Panama Papers leak.

WASHINGTON -- The Office of the Comptroller of the Currency has opened registration for a June forum on “supporting responsible innovation” in the banking industry.

A long-awaited final rule published this week that requires banks to keep better track of the owners of companies with accounts at their institutions is too little, too late in combating money laundering and terrorism financing, according to financial crime specialists.

The event took place during the 2015 fiscal year, but was not separately disclosed to Congress until the agency's federally mandated annual report on information security. Even then, the FDIC provided only vague details on what happened.

Hackers believed to be working from China accessed the computer systems of top officials at the Federal Deposit Insurance Corp., according to a top House lawmaker investigating the incident.

A day before a top Federal Deposit Insurance Corp. official is set to testify about recent cybersecurity breaches, a leaked report shows the agency's troubles are more prevalent than previously known.

Fed up with the hassles of applying for a multitude of state licenses and relying on bank partners, fintech firms are increasingly interested in applying for a national bank charter — and federal regulators are considering ways to accommodate them.

Along with publishing the long-awaited beneficial ownership rule, the Treasury and Justice Departments urged Congress to pass legislation to put the U.S. on par with foreign partners in the fight to curb the flow of illicit funds.

New community banks chartered in the years before the crisis tended to open in less-concentrated markets, according to a Federal Deposit Insurance Corp. working paper released Tuesday.

Regulators cited a slew of technical concerns in their response to megabanks' living wills, but the technological, logistical and legal flaws they found appeared to center around a single issue: liquidity.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

When state and federal regulators closed Trust Company Bank in Memphis, Tenn., on Friday, it was only the second U.S. bank failure this year.

In a twist, compliance officers are finding solace rather than pain in a recent enforcement action from the Financial Crimes Enforcement Network.

A new conundrum is emerging for cybersecurity-conscious banks: Well-protected information can also be an unwelcome obstacle for regulators.

WASHINGTON — After close to four years at the helm of the Financial Crimes Enforcement Network, Director Jennifer Shasky Calvery announced Tuesday she will leave the agency next month.

WASHINGTON — After close to four years at the helm of the Financial Crimes Enforcement Network, Director Jennifer Shasky Calvery announced Tuesday that she will leave the agency next month.

The Federal Deposit Insurance Corp. issued a final rule on Tuesday that will update how it calculates deposit insurance assessment rates for small financial institutions.

Regulators had a litany of complaints about big banks' living wills in the assessments released last week, covering everything from cash flow to operational decision making, but one that is flummoxing bankers is an item they say is out of their control: ring-fencing.

WASHINGTON — U.S. regulators have been asking global banks to draw contingency plans for the possibility of Britain's leaving the European Union, according to a Reuters report.

Federal Deposit Insurance Corp. officials fielded tough questions Thursday about how they have wielded the resolution planning powers given to them by the Dodd-Frank Act.