Opinions

Last week, the Basel Committee on Banking Supervision announced plans to oversee how each country implements the new capital standards. But such a step may signal problems before the final rules are even adopted.

The Federal Reserve Board's controversial decision to rejigger its securities portfolio was right given the economy's weak outlook and the likely slowdown in consumer price inflation in 2012, a senior economist at the Federal Reserve Bank of Cleveland says.

The Senate Banking Committee is expected to vote next week on the nomination of Richard Corday to be the first director of the Consumer Financial Protection Bureau.

Securities and Exchange Commission inspectors said a large credit rating firm "appeared to allow" for a pending rating decision to be disclosed to certain people before the action was publicly announced.

Once slated for liquidation, Corus Bankshares Inc. received court approval for its bankruptcy exit plan that calls for the former Illinois bank holding company to emerge as a real estate investment firm.

Codorus Valley Bancorp in York, Pa., repurchased a warrant to buy more than 260,000 it issued to the Treasury Department in 2009 as part of its participation in the Trouble Asset Relief Program.

Bond investors are turning against Ally Financial Inc., the auto and home lender majority-owned by the U.S. government, as mounting mortgage liabilities threaten its turnaround plan.

Japan's Financial Services Agency is nearing completion of an investigation into the local arm of U.S. financial giant Citigroup Inc. on suspicion of lax compliance, with questions remaining over anti-money laundering controls, and will likely issue sanctions as early as next month, people familiar with the matter said Friday.

A watchdog agency's report reveals a mad dash in 2009 by B of A, Citi and other banks to repay their Tarp funds. Regulators clashed with each other over the repayment terms and ultimately relaxed their own rules.

Nine major servicers regulated by the Office of the Comptroller of the Currency completed 180,000 foreclosure actions in the second quarter, but these firms are still managing roughly 1.3 million borrowers who are going through the foreclosure process.