Policy & Regulation

Comptroller of the Currency Tom Curry said the agency is ready to "take action" against banks that lower provisions solely to boost short-term profits.

Kelly S. King, the chairman and chief executive of BB&T (BBT), has been appointed to the Federal Advisory Council.

If U.S. regulators proceed with anything like the 2010 Basel III proposal on liquidity, important bank products such as brokered deposits may simply disappear.

Regulators took a slew of enforcement actions against banks last month in connection with consumer protection, capital adequacy and other matters.

The Pennsylvania Department of Banking and Securities closed the $483 million-asset NOVA Bank in Berwyn on Friday, but the FDIC was unable to find a buyer for the failed bank's operations.

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The CFPB isn’t going away, and if Romney’s elected president there’s a good chance the leadership structure will change in the long run. It's the short run scenario that could get interesting.

Societe Generale, Royal Bank of Canada, and Bank of America are among nine additional banks subpoenaed in a multistate investigation of alleged manipulation of Libor, according to a person familiar with the matter.

Banks are calling on federal agencies to revamp and delay implementation of a package of proposals that will transform financial regulation.

TCF, the Wayzata, Minn., bank recorded a $20 million charge in response to new regulatory requirements for loans to homeowners who have been through bankruptcy. The directive has hurt profits at a slew of banks.