Regulation

Tim Pawlenty, the CEO of the Financial Services Roundtable, weighs in on the debate over breaking up the big banks, and says that the Dodd-Frank Act ended too big to fail in the eyes of policymakers.

Regulators seized two banks in Florida, and one in Kentucky, in a trio of failures Friday.

The troubled Metropolitan Bank Group in Chicago has been ordered by the Federal Reserve not to boost the pay of its directors or officers without the Fed's permission.

Regulators must "resist pressures to ring-fence national markets," said Mark Carney, chairman of the Financial Stability Board and future head of the Bank of England.

The burden on small banks from a new escrow rule for higher-priced mortgages should be relatively small, according to guidance released by the Consumer Financial Protection Bureau on Friday.

The Federal Deposit Insurance Corp. has lifted a regulatory order from Macatawa Bank (MCBC) in Holland, Mich.

Possibly viewing Bitfloor, a popular Bitcoin exchange, as a risky money transmitting business, Capital One Financial Corp. has closed the exchange's bank account, prompting Bitfloor to halt operations. The incident may portend a growing wariness of businesses that handle virtual currencies.

The Office of the Comptroller of the Currency's has decided that trust-only banks must first get FDIC insurance, a move that may drive greater interest in state trust charters and subject some parties to a federal freeze on nonfinancial firms owning limited-purpose banks.

Muhammad Yunus, the founder of nonprofit microlender Grameen Bank, received the Congressional Gold Medal this week, adding to his collection of awards that also include the Nobel Peace Prize and the Presidential Medal of Freedom.

Federal Reserve Board Gov. Jeremy Stein said Friday that policymakers should consider reducing a bank's reliance on central bank lending to meet a liquidity requirement under Basel III.