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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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 -
Bradley Linskens, the former top examiner of Wells Fargo at the Office of the Comptroller of the Currency, sued the agency Tuesday over records requests he had made related to his removal earlier this year.
May 18 -
The Commodity Futures Trading Commission has launched an office dedicated to exploring fintech issues, the agency’s head announced Wednesday.
May 17 -
The bank is pitching digital identity products to businesses as a way to improve user experience and guard against fraud.
May 15 -
New York’s banking regulator on Friday filed its own individual lawsuit against the OCC's fintech charter, asking the courts to block it.
May 12 -
President Trump on Thursday signed an executive order to reinforce the country’s cybersecurity defenses, a move that financial institutions view as a positive step toward creating a more resilient financial system.
May 11
