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Encouraging the financial industry to explore faster payments is all well and good. Effectively directing it to do so, however, is beyond the Fed's authority.
February 18
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U.S. Attorney General Eric Holder, who forced Wall Street's biggest banks to pay billions in fines for their roles in the subprime mortgage crisis, is pressing for action against executives at those firms, even as he prepares to leave his post.
February 17 -
Banks and industry groups worry that the Financial Stability Board's "total loss absorbing capacity" proposal could disrupt capital formation while reform advocates say the rules could be strengthened even further.
February 17 -
HSBC has spent billions of dollars in compliance and legal costs, but the damaging scandals keep coming. Renewed attention on the problems at its Swiss private bank could fuel the debate about whether banks this size are too big to manage.
February 17
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Big banks have only grown larger and more complex since the financial crisis, and there is reason to doubt the efficacy of measures aimed at preventing the risk of another taxpayer bailout.
February 17 -
The confirmation hearing for attorney general nominee Loretta Lynch suggested a shift in legislators' attitudes toward banks. Rather than the usual focus on banks' alleged misdeeds, lawmakers cast them as victims of government overreach in Operation Choke Point.
February 17 -
Bankers, technology CEOs and President Obama are throwing everything they have at countering the growing threat of cyber attacks, putting their faith in biometrics, tokenization and data sharing. But it's far from clear that it will be enough.
February 13 -
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February 13 -
Georgia state regulators on Friday closed the $272 million-asset Capitol City Bank & Trust Co., in Atlanta, the third institution to fail this year.
February 13 -
Athens Federal Community Bank has applied for a national bank charter as it broadens its focus beyond residential mortgage lending.
February 13
