Lalita Clozel

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.