Policy & Regulation

In theory, the FDIC's plan to seize and dismantle a troubled megabank is the furthest thing from a government bailout. But experts are increasingly worried that even if the plan works as promised, it might be perceived differently by the public.

Buyers of failed banks and the Federal Deposit Insurance Corp. have mutual interests in closing out loss-share agreements even before they are due to sunset in coming years.

Bank of America Corp.'s Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital LLC had a role in selecting assets for two 2006 mortgage-backed securities.

The Debit Network Alliance, formed this week through the collaborative effort of ten PIN debit networks, is seeking the membership and cooperation of other industry players, including the major card brands.

The first new bank in three years recently cleared the hurdles necessary to open its doors. To do so, Bank of Bird-in-Hand's backers had to file 18 inches of paperwork, raising the question of whether regulators have become so strict that they'll encourage financial innovators to go elsewhere and leave community banks to languish.

WASHINGTON — Former New Hampshire Sen. Judd Gregg is stepping down from his role as chief executive of the Securities Industry and Financial Markets Association after just seven months on the job, the Wall Street trade group said Thursday.

Financial institutions and their respective lawyers are in the process of understanding the final Volcker Rule.

A response to Boston Fed President Eric Rosengren.

Northwest Bancorp. (NBCT) in Spokane, Wash., has raised $12.5 million after selling common stock and issuing subordinated notes and warrants.

The Consumer Financial Protection Bureau is taking a strong stance against lenders that use contract clauses that block consumers from going to court in a report due out Thursday that will likely lead to new regulations.