Policy & Regulation

The OCC's third risk report cited put cybersecurity as the second biggest worry for bankers, right after struggles to maintain revenue.

In the first case of a state taking on bank consultants, New York regulators have banned Deloitte Financial Advisory Services from financial consulting for one year.

M&T had delayed plans to buy Hudson City Bancorp because of the Federal Reserve's compliance concerns, and an order made public Tuesday details what the Buffalo, N.Y., company has to fix.

Even great bankers cannot succeed when forced to compete in a market with an influx of new banks and a shortage of skilled bankers, wise directors, and experienced regulators.

Capital One Financial (COF), the lender that agreed to pay $210 million to settle U.S. charges of deceptive marketing of credit-card products, hired the nation's top immigration official to head compliance operations.

The Federal Deposit Insurance Corp. announced that James Wigand will step down from his management post of the agency's new wind-down facility for systemically important companies on July 28. In 2010, Wigand began overseeing the agency's implementation of the new resolution powers under the Dodd-Frank Act.

The SEC's recent roundtable on ratings shopping in structured finance was a reminder of how efforts at reform are obstructed by a wall of denial.

President Obama said Federal Reserve Chairman Ben Bernanke has stayed in his post "longer than he wanted," one of the clearest signals the central bank chief will leave when his current term expires next year.

JPMorgan Chase must defend itself against allegations that it charged millions of dollars in improper fees to mortgage borrowers who were in default, a federal judge has ruled.

The Federal Deposit Insurance Corp. announced that Arthur Murton will succeed James Wigand in managing the agency's responsibility under the Dodd-Frank Act to handle the wind-downs of failed behemoths.