Policy & Regulation

Following MF Global failure, agency limits firms' ability to invest customer money in sovereign debt and other instruments.

Sterling Bank in Washington and the FDIC are both pursuing claims against directors and officers of Bank of Clark County, which failed in 2009. Sterling was the first to file, but lawyers believe the FDIC will likely get its tab paid first, if legal fees don't end up taking it all.

While the living will rule requires firms to provide voluminous data on many aspects of their banking companies, regulators are likely to be primarily focused on a narrative of how they can be taken apart.

As a powerful liberal force in banking legislation announces his retirement, bankers face the prospect that he will be replaced by someone even less to their liking.

The law firm Ballard Spahr announced Monday that it has added a new mortgage banking practice, tapping three partners and one associate from Patton Boggs.

HSBC Holdings PLC was slapped with the biggest retail fine to date by the U.K. Financial Services Authority after the regulator found it sold unsuitable products to elderly customers.

Massachusetts sued Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and GMAC late last week over deceptive foreclosure practices such as robosigning documents.

The war over interchange between merchants and the payments industry continues. That's not surprising with tens of billions of dollars being allocated by Washington rather than the market in question.

The Treasury Department sent a letter to the nearly 400 banks still in the program attempting to chart a path toward the exit.

A mix of personal and professional reasons pushed the former chairman of the House Financial Services Committee to retire.