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The Federal Reserve Board's stress test for the largest bank holding companies has been compared to a treadmill, on which patients are told to exert themselves so doctors can see how long they'll last. But, is the stress test in fact a financial analog to proven medical science so that we can indeed judge just how healthy big bank holding companies are after the Fed gets done with them?
March 22
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Wells Fargo’s origination business has been operating at full steam, keeping the company’s mortgage servicing assets well above a cap proposed under Basel III. A new servicer compensation system could resolve the issue, but something has to give.
March 22 -
The Senate passed legislation Thursday aimed at cracking down on insider trading by members of Congress and other federal employees.
March 22 -
Lawmakers at House hearing voice excitement about evolving industry, but also express concern about security and regulatory gaps.
March 22 -
Participants at the Consumer Bankers Association meeting in Austin ranked important financiers and regulators using the model of the NCAA basketball tourney.
March 22 -
Steve Bartlett, who has run the Financial Services Roundtable trade group for 13 years, will retire at the end of the year.
March 22 -
Insurer American International Group (AIG) repaid the Treasury Department $1.5 billion, closing out its preferred equity investment, Treasury said Thursday.
March 22 -
Discover Financial Services' Pulse debit network posted solid gains in the first quarter, but executives say a new rule banning network exclusivity could prove a hurdle going forward.
March 22 -
The distance between the U.S. — at the head of the pack — and the rest of the world in crafting financial reforms is becoming a major hurdle for implementing the Dodd-Frank Act.
March 22 -
The Treasury Department has hired Melissa Koide, vice president of policy for the non-profit Center for Financial Services Innovation, which focuses on providing expanding the availability of financial services.
March 22




