Policy & Regulation

Phoenixville Federal Bank & and Trust in Pennsylvania has converted to a state charter.

Federal Reserve Bank of Atlanta President Dennis Lockhart said he continues to expect the first interest- rate hike in nearly a decade this year, while cautioning that a stronger dollar, a weaker Chinese yuan and falling oil prices complicate the outlook.

The sharp drop in the stock and commodities markets on Monday raised some critical questions for policymakers, touching on everything from whether asset managers are systemically risky to if the central bank would now delay raising interest rates.

WASHINGTON — A Federal Deposit Insurance Corp. publication on Monday advised banks to include cyber risk in standard disaster-planning and business-continuity exercises as part of general strategic-planning discussions.

The lack of liquidity in the bond markets has drawn significant attention from policymakers, but agreeing on what is causing it, and whether new regulations required by Dodd-Frank are to blame, may be impossible.

Families that use state-issued EBT cards often face ATM fees that eat away at their already-meager incomes. Banks should waive those fees in order to ensure that all public assistance dollars go toward household needs.

Harvard University added Joshua Friedman, co-founder of hedge fund Canyon Partners LLC, and Jeremy Stein, a former Federal Reserve Board governor, to the board overseeing its $36.4 billion endowment.

Some large U.S. banks are likely to be impacted by recent volatility in emerging markets like Brazil and China. But their opaque risk metrics make it difficult for investors to judge banks' level of exposure.

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The failure to prosecute bankers as a result of the financial crisis has sparked an ongoing debate about whether enforcement officials lacked the will to move forward with any cases — or didn't have enough proof that any crimes had been committed.