Policy & Regulation

The Government National Mortgage Association is making it easier for MBS issuers to pledge their servicing rights to obtain financing from warehouse lenders.

A common theme running through several news items should give bankers pause on their current tactics for arriving at a new regulatory world.

Participants in a large international credit card-skimming ring allegedly stole credit card data from thousands of U.S. and European consumers over a 16-month period, resulting in at least $13 million in losses, the Queens, N.Y. district attorney’s office announced.

Three former United Commercial Bank executives misled investors by concealing at least $65 million in loan losses before the San Francisco-based lender collapsed in 2009, the U.S. Securities and Exchange Commission said.

Under a proposal issued by the Financial Stability Oversight Council, nonbanks with more than $50 billion in consolidated assets could be subject to designation as systemically important if they meet one of five other thresholds.

Banks are already in the thrall of a new business model even worse than the utility one: the industry is frozen solid in fear both of relentless credit risk and remorseless regulatory requirements.

The agencies responsible for implementing the restriction on proprietary trading have asked the public to respond to hundreds of questions over the next three months that will help shape the final version.

Despite the drop in failure predictions, officials warn that the condition of the economy remains uncertain and give no signs of premium reductions.

Acting Comptroller of the Currency John Walsh tackles too big to fail, preemption and Basel III in an exclusive video interview with American Banker's Donna Borak

FNB United Corp. is another step closer to completing its proposed acquisition of Bank of Granite Corp. after receiving approval for the deal from the Federal Reserve of Richmond.