Policy & Regulation

WASHINGTON — The Federal Reserve Board said Tuesday it will give four large banking firms, including Citigroup, more than six additional months to resubmit capital plans as part of stress test requirements overseen by the central bank.

On one hand, bills supporting deregulation are garnering legislative support. On the other, a number of high-profile members of Congress have spoken out in favor of stricter rule enforcement and prosecution.

U.S. Attorney General Eric Holder today warned banks and other financial institutions to stop helping scam artists defraud consumers.

House Majority Leader Eric Cantor's loss to an unknown Tea Party challenger sheds new light on the deep divisions in the Republican Party, which is ultimately likely to have a large impact on the debate over financial policy.

The Federal Housing Administration clamped down further on reverse mortgages, saying it will no longer insure a variant of the product featuring a fixed rate and a line of credit.

BNP Paribas is close to an agreement to plead guilty and pay $8 billion to $9 billion to settle allegations it violated U.S. sanctions, according to a person familiar with the negotiations.

American Express has hired Laureen Seeger as its new general counsel.

Regulators seized the two subsidiaries of Iowa-based River Valley Bancorp. on Friday, one in Illinois and the other in Florida.

Banking lawyers are working overtime as their employers tangle with prosecutors, regulators and private litigants in lawsuits, settlement talks and regulatory crackdowns. Here is your scorecard of legal fights over a host of issues likely to linger.

Bank of America's lawsuit against the Federal Deposit Insurance Corp. for $1.7 billion in client losses was revived after the agency said that a bank at the center of the Taylor Bean scandal may have have enough assets to pay the claims.