Regulation

"It would have made a lot more sense to bring back Glass-Steagall," a pre-and-post crisis risk manager tells American Banker Editor in Chief Neil Weinberg, while discussing Washington’s Dodd-Frank solution.

PNC Financial Services received a subpoena regarding the return rate for its payment-processor clients from the U.S. Department of Justice.

Excavators have begun tearing down 1,500 dilapidated homes in Flint, Mich., in an attempt to lift the housing market. The funding for the work comes from a surprising source — the Hardest Hit Fund of the Troubled Asset Relief Program.

The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.

Evidence of fraud at Citigroup's Mexican unit may be endangering its reputational recovery from the financial crisis, and has prompted unusually blunt, and angry, public language from CEO Michael Corbat.

Union Bank in San Francisco and its Japanese parent company plan a series of changes to its corporate names and structure, all in response to the Federal Reserve Board's plan to overhaul the way it supervises foreign banks.

WASHINGTON -- Eugene Ludwig, founder of Promontory Financial Group and former Comptroller of the Currency, was recognized Thursday evening by the Foreign Policy Association for his contributions to financial services.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The Treasury Department is searching for a bank to support the government's new retirement savings bond program.

Global banking regulators should increase their focus on uniform capital standards and be less flexible about how risk-weighted assets are calculated, according to consultant Mayra Rodríguez Valladares. She spoke with American Banker about how to strengthen the banking system by giving the Basel committee "more credibility."