Lalita Clozel

The Financial Crimes Enforcement Network's revocation of orders finding certain foreign banks to pose substantial money laundering risk shows the agency is trying to evade scrutiny as it pushes the banks out of business, according to observers.

The Clearing House has picked Federal Reserve economists William R. Nelson and Francisco Covas to lead its research arm.

WASHINGTON — Regulators announced Thursday that they are imposing $4 million in fines against Gibraltar Private Bank and Trust Co. in Coral Gables, Fla., for defective anti-money-laundering programs.

Compliance officers are terrified of a New York State Department of Financial Services proposal that could make them criminally liable for failings in their firm’s anti-money-laundering programs, according to industry representatives.

On the one hand, the FDIC's Quarterly Banking Profile showed how normal banking is again. But there were also worrying signs, including an increase in chargeoffs, higher loan-loss provisions and fears of the impact from the energy sector.

Bank earnings rose nearly 12% to $40.8 billion in the fourth quarter from a year earlier, boosted by lower litigation expenses at a few large institutions, the Federal Deposit Insurance Corp. said Tuesday.

WASHINGTON — The Federal Deposit Insurance Corp. will release its Quarterly Banking Profile for the fourth quarter of 2015 on Tuesday.

President Obama on Wednesday named Thomas Donilon, the former national security adviser, to chair a special commission to develop a long-term cybersecurity strategy.

WASHINGTON — President Obama on Wednesday named Thomas Donilon, the former national security adviser, to chair a special commission to develop a long-term cybersecurity strategy.

WASHINGTON — The Federal Deposit Insurance Corp. is moving forward with a plan to force big banks to keep better track of their insured deposits.

While little is known about what regulators are weighing as they grade the 12 biggest firms' resolution plans, experts deeply familiar with the process are speculating that liquidity could be a determining factor in whether the plans are deemed credible or sent back to the drawing board.

WASHINGTON — The Department of Homeland Security and the Department of Justice on Tuesday released guidelines for the implementation of the Cybersecurity Information Sharing Act, prompting some industry skepticism as well as renewed privacy concerns.

A cybersecurity assessment tool designed to help financial institutions bolster their defenses against hackers and other cybercriminals is continuing to sow confusion among financial executives, with some arguing it is effectively imposing tougher standards on the industry.

A cybersecurity assessment tool designed to help bankers bolster their defenses against hackers and other cybercriminals is continuing to sow confusion among bankers, with some arguing it is effectively imposing tougher standards on the industry.

WASHINGTON — The Federal Deposit Insurance Corp. is urging banks to perform due diligence and identify potential risks before conducting business with marketplace lenders.

Federal and state banking regulators are still struggling with how to come to grips with banks whose clients are heavily involved in digital currencies like bitcoin — and that may be curbing interest from many in the financial industry.

The Federal Deposit Insurance Corp. handed community bankers a critical win on Thursday by rescinding a plan to treat reciprocal deposits as brokered deposits in the calculation of small-institution assessments.

Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig reiterated his strong opposition Wednesday to a Federal Reserve Board proposal that would direct large banks to raise additional unsecured debt as a cushion against a potential failure.

The Federal Deposit Insurance Corp. outlined the succession plans for several key offices on Friday, including the heads of its legislative affairs and San Francisco offices.

WASHINGTON – The public portions of resolution plans submitted by three systemically important nonbanks and certain midsize banks were published Friday by the Federal Deposit Insurance Corp. and Federal Reserve Board.