Policy & Regulation

Bank of New York Mellon will pay a $30 million penalty to the U.S. Securities and Exchange Commission in a settlement related to the bank's pricing of foreign-exchange transitions.

First NBC Bank Holding in New Orleans, which delayed the release of its 2015 annual report earlier this year, said it has submitted a plan to Nasdaq to get back on schedule with its filing of financial statements.

The Federal Reserve Board is getting an earful from critics within and without the financial industry over its proposal to limit banks' credit exposures to a single entity.

WASHINGTON — Ripple Labs obtained a virtual currency license from the New York State Department of Financial Services on Monday, making it the fourth company with a BitLicense.

Even if the lower-court decision against the Financial Stability Oversight Council is upheld, there remains a compelling case to reform how the council designates large nonbank firms.

WASHINGTON — The Federal Reserve and Federal Deposit Insurance Corp. announced Friday that 84 foreign banks with limited U.S. operations will be able to file more condensed resolution plans, decreasing the administrative burden and cost.

WASHINGTON — A House committee probing the Federal Deposit Insurance Corp.'s cybersecurity practices has accused the agency of accessing internal documents from the FDIC's inspector general.

Fintech companies are asking a federal regulator to create a specialized charter that would allow them to comply with federal rules instead of facing a state-by-state licensing framework.

The Bank of England is among the central banks exploring possible uses of blockchain technology. In a recent speech, a BOE official noted how it would open access to central banks beyond commercial banks. "Everyone – including individuals – would be able to hold such balances," he said.

A recent op-ed warning of the risks to participation holders in bank failures missed several important points about today's loan market.