Law and regulation

Shelter Insurance joins the growing list of insurance companies to unwind its bank after it faced having more than $1 million in annual costs tied to Dodd-Frank.

Business borrowing from commercial banks appears to have jumped at an annual rate of 11% in the fourth quarter, reversing two quarters of fading momentum.

A deal between regulators and 10 major mortgage banks will end a troubled foreclosure review process. However, the latest plan faces troubles of its own.

Every year that passes, politicians, bankers and even some financial regulators forget how illiquidity helped the 2008 financial crisis spread like wildfire.

Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.

The deal clears up a major source of uncertainty at the banking giant and is likely to lead the way for similar settlements between Fannie and other big mortgage originators.

Bank of America (BAC) will pay Fannie Mae $3.6 billion to settle claims in connection with mortgage loans the bank sold to Fannie over a nine-year period starting in January 2000.

Global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch.

Fourteen of the nation's biggest banks are expected to pay a combined $10 billion to settle allegations they mishandled foreclosures that followed the housing crisis.

GOP Sens. Dean Heller and Tom Coburn have been appointed to the Senate Banking Committee in the new Congress.

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As the Financial Stability Oversight Council works through its checklist of jobs mandated by the Dodd-Frank Act and continues a project to spur reform of the money market mutual funds, the big question is: What will the interagency body focus on next?

WASHINGTON — Sen. Michael Crapo, R-Idaho, who is widely expected to serve as ranking member on the Senate Banking Committee in the new Congress, pleaded guilty to a misdemeanor drunken driving charge on Friday.

The former head of the House Financial Services Committee has expressed interest in temporarily filling in for Sen. John Kerry, who has been nominated to become the next U.S. Secretary of State.

Shannon McGahn, who worked with the Financial Services Committee during the Dodd-Frank debate, will run the panel's staff.

GFA Federal Credit Union in Gardener, Mass., has completed its acquisition of Monadnock Community Bank.

Collection law firm Peroutka and Peroutka has settled charges brought by the Justice Department that it violated the Americans with Disabilities Act by refusing to accept calls using Video Relay Service.

The President's nominee for the No. 3 job at the Justice Department would face tough questions from congressional Republicans over an issue critical to banks.

Regulators are expected to finalize many rules in 2013. The financial industry could see an overflow of final regulations, many of which are mandated by the Dodd-Frank Act.

What the FHA calls its "capital" actually includes claims about what it might earn in the future. Bankers would get laughed at for trying the same ploy.