Policy & Regulation

The $1.75 billion-asset company disclosed late last week that its purchase agreements with ValStone Partners, a private-equity firm in Michigan, had been terminated. Calls to Capitol (CBCRQ) and ValStone were not immediately returned.

FDIC and Bank of England released a white paper showing agreement about resolution approaches as a top BOE official signaled flexibility in how the U.S. resolves firms with U.K. operations.

Standard Chartered Bank will pay $327 million to settle charges that it violated U.S. law by laundering millions of dollars for banks and others in Iran and Sudan.

Bob Kottler, an executive at Iberiabank, hopes the Consumer Bankers Association can help shape the agency’s rulemaking process in 2013.

In the first of the FDIC's 39 suits against bank executives, it has won a jury verdict declaring three former IndyMac executives breached their fiduciary duties by lending recklessly to home builders during the housing boom.

The Senate is scheduled to vote Tuesday on a bill that would extend a crisis-era program that guarantees certain business accounts.

HSBC (HBC) is overhauling its unit that oversees compliance with laws designed to deter financial crime, and putting a former Treasury Department official in charge of it.

Typical acquirers — including banks, processors and independent sales organizations — stand to lose up to 5% of their business next month because of problems with Internal Revenue Service 1099K reporting, a tax expert says.

Congressional approval for a two-year extension would, among other things, prevent more uncertainty, minimize deposit concentration and maximize financial stability.

Patrick Pinto, a former vice president at Oxford Collection Agency, was arrested on a federal criminal complaint charging him with conspiracy to commit bank bribery during his time with the company.