Regulation

Former BB&T Chief Executive Officer John Allison, a top candidate for the next Treasury secretary, reiterated Tuesday that policymakers should consider eliminating or reducing the deposit insurance level.

The Federal Deposit Insurance Corp.'s third-quarter earnings report was stacked with good news: record earnings and lending, fewer troubled loans and higher interest and noninterest income. Yet there was one statistic that is likely to fuel more calls for help from Washington.

WASHINGTON – The House is expected to vote on a bill this week that would change the way banks are designated as systemically important and subjected to tougher regulatory requirements.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg said he would not offer his resignation to President-elect Donald Trump.

Signs point to international regulatory reform having passed its peak, with European regulators delaying policies and agitating against further Basel III rules.

Bill Walton was at the top of Washington's finance establishment when he ran Allied Capital Corp. and sat on the Riggs Bank board alongside the city's titans. Then the trouble began.

The FDIC's Quarterly Banking Profile showed positive signs across the board, including increases in net interest and noninterest income, better loan growth and a drop in noncurrent loans. Overall, 60.8% of banks were profitable — allowing the industry to reach its lowest proportion of unprofitable banks since the third quarter of 1997.

The Internal Revenue Service's petition for information on Coinbase customers is an overreach that should concern Americans regardless of whether they use bitcoin.

John Allison, a contender for President-elect Donald Trump’s Treasury secretary, is a staunch opponent of the Federal Reserve Board, the Basel international accords, the government’s support of the housing finance industry and the Dodd-Frank Act of 2010.

Several banks have cut ties with payday lenders in recent weeks, and there is evidence that regulators could be pressuring them to do so. The spate of terminations is prompting speculation that regulators are renewing their campaign against high-cost lenders before Donald Trump is sworn in as president.