Regulation

The PCI council continues to expand its reach, with the intent of remaining a strong guide for data security well into the future.

The threat of Basel III-related dividend restrictions could make it harder for the more than 2,000 banks with S corporation tax status to attract investors. S Corp banks were already on the decline.

WASHINGTON — The Federal Deposit Insurance Corp. sought to ease concerns about its view of banks' affiliations with online lenders, saying institutions correctly managing their third-party relationships "are neither prohibited nor discouraged" from processing payments for legal entities.

FHA Commissioner Carol Galante says mandatory accounting rules forced the agency to ask for additional funds and don't reflect significant improvements in its mortgage portfolio this year.

WASHINGTON — Trading revenue at banks and thrifts remained strong in the second quarter, despite falling off slightly from the first quarter, according to the Office of the Comptroller of the Currency.

JPMorgan Chase & Co. and Citigroup Inc. were among the banks that lost a bid to throw out a Federal Deposit Insurance Corp. lawsuit over $388 million in securities sold to a failed lender.

Higher interest rates have cut into bank profits in recent months, but that was only the start of the problem for big banks. The volatility is also hurting the value of their available-for-sale debt securities, which could cost them once Basel III takes effect Jan. 1.

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

Several institutions in one of the nation's hardest-hit banking markets have shed enforcement actions, or have hired new leaders, as they attempt to stage comebacks.