Wells Fargo extends insider trader restrictions to more employees
Some 3,400 additional staffers in the treasury management group will be required to get pre-clearance before making trades. The policy change was driven in part by increased regulatory scrutiny, the bank said.
Why coins are scarce and what government, banks are doing about it
The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative at the local level.
Big banks urge HUD to shelve redlining plan. Small banks say not so fast.
The national conversation around systemic racism has compelled large banks to withdraw support from the "disparate impact" proposal. But community banks maintain that the proposed reforms would reduce frivolous claims.
OCC allows banks to hold cryptocurrency assets for safekeeping
Responding to an unnamed bank that had sought the opinion, the regulatory agency issued an interpretive letter clarifying that an institution's custody services can be used for cryptographic keys and other digital currency-related assets.
With coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities. Observers say other institutions are likely to follow suit eventually, whether they want to or not.