FDIC

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.

Montgomery was confirmed by the Senate 74-23 to serve his second stint at the FHA, where he previously was commissioner during the George W. Bush administration.

Long-awaited modifications to proprietary trading ban are to be unveiled at an open meeting on May 30.

A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman.

Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier.

Combined with another key change that would give banks more leeway in trading, the revisions on hedging could further blunt the impact of the rule named after a former Fed chairman.

Commenters will have more time to weigh in on the plan, by the Fed and OCC, that has triggered divisions among the federal regulators.

With Congress set to approve a regulatory relief bill and vote on an FDIC chairman, banks will soon see the deregulation they’ve long been anticipating.

Jelena McWilliams is expected to be easily approved by the full Senate when her nomination as FDIC chair comes up for a vote.

The proposed change would give banks more leeway in making trades and put more onus on regulators to challenge their judgments, sources said.