Policy & Regulation

When every solution proposed to resolve a problem meets a wall of opposition it's time to question the problem. That's where we are with money market mutual funds.

BOCA RATON, FLA.–Forget the four-letter dirty words. It’s the 10-letter one–regulation–that will really offend bankers.

The House Financial Services Committee chairman had been seen as vulnerable as a result of an ongoing ethics case.

The Federal Deposit Insurance Corp. is expected Tuesday to propose targeted changes to how banks with more than $10 billion of assets pay deposit-insurance premiums.

Citigroup, the third largest U.S. financial institution, said Wednesday that it did not fail the Federal Reserve Board's latest stress test.

Several regional banks that were also stress-tested by the Federal Reserve but whose results were not made public announced that they have passed their tests. Some, including Comerica, Huntington and Discover, plan to free up trapped capital.

The Senate Banking Committee has scheduled a March 20 hearing on five nominations to posts at financial regulatory agencies.

Speaking at the annual Best Practices in Retail Financial Services Symposium, U.S. Bank CEO Richard Davis and Citizens Republic CEO Cathleen Nash urged retail bankers to consider a proactive approach to new industry regulations.

Certain large banks emerged as stalwarts among their competitors following severe tests by the Federal Reserve Board. Others, such as Citigroup Inc. and Ally Financial, fared less well.

WASHINGTON — The release of the last few details of the $25 billion mortgage servicing settlement this week revealed a deal that was, overall, not quite as bad for the banks as many observers and analysts expected.