Regulation

Lawmakers savaged the Treasury Department and banking regulators on Wednesday over their enforcement of anti-money laundering laws and the lack of criminal prosecutions against big banks for violating those provisions.

The biggest financial companies received their first official report cards of Dodd-Frank stress tests on Thursday, with Bank of New York leading the pack while Ally Financial fell far behind.

A number of banks will 'find themselves' in the year ahead via deals that redefine where they operate and what they do, a Deloitte study finds.

Our hope and plan was that the settlement would show principal reduction works and that it would spur the use of writedowns in other loan modifications. That is now occurring.

Aubrey Patterson keeps in touch with his successor and advises bankers to think twice before surpassing $10 billion in assets and earning more regulatory scrutiny.

Banks should be required to recognize losses on credit portfolios before the assets go into default, the International Accounting Standards Board said today.

Sticking with recent tradition, M&T CEO Robert Wilmers used his annual letter to shareholders to skewer the "too big to fail" banks he believes caused the financial crisis.

The largest U.S. banks are weighing whether to disregard a Federal Reserve request and announce their dividend plans shortly after the central bank's stress tests are released.

The public and bankers need to know that the OCC is making sound decisions and doing the right thing. But when it comes to the multi-billion foreclosure settlement, the agency's actions are a failure on both fronts.

Attorney General Eric Holder's stunning admission that it was difficult to prosecute large banks because of the potential economic impact adds significant ammunition to those seeking to break up such institutions.