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The FDIC has been in talks with the Bank of England since before Dodd-Frank about coordinating resolution regimes. But the 'London Whale' episode further highlights just how much risk is shared by the two transatlantic partners.
May 21 -
Banks are doing what they can to avoid depressing home prices, by focusing on reducing foreclosures rather than flooding the market with their backlog of properties.
May 21 -
A government watchdog is recommending the Consumer Financial Protection Bureau implement several additional internal controls to avoid misappropriation of assets or inaccurate financial statements.
May 21 -
Independent sales organizations can present themselves as consultants by specializing in offering card-acceptance services to just one or two types of clients and really getting to know those businesses.
May 21 -
WASHINGTON — President Barack Obama used his weekly radio address to once again defend the Dodd-Frank Act in light of JPMorgan Chase's $2 billion-plus loss, which he said illustrates the need for reforms.
May 21 -
Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.
May 21 -
JPMorgan Chase's Jamie Dimon said Monday that the bank will suspend its planned stock repurchases after the $2 billion loss in its trading activities. Dimon said he wants to ensure the bank stays on the "glidepath" to compliance with proposed Basel III requirements.
May 21 -
The Arkansas Supreme Court last week overturned a judgment the state's Attorney General Dustin McDaniel won against debt collector Jack H. Boyajian.
May 21 -
WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.
May 18 -
The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama’s first bank failure in more than a year.
May 18



