Regulation

Trading revenues at commercial banks fell 73% in the second quarter from a year earlier, due in part to a $2 billion loss by Jamie Dimon's JPMorgan Chase.

The National Credit Union Administration has announced that Gigi Hyland is resigning from its three-member board on Oct. 5.

If TAG is senselessly allowed to expire, many depositors may sever their relationships with the smaller banks in their communities and opt to place their money under the "protection" of the Too Big to Fail institutions.

The company paid roughly $939,000 to repurchase a warrant that would have allowed the Treasury Department to buy about 543,300 shares of BNC's common stock at $8.63 per share, BNC said in a regulatory filing Thursday.

Big banks hire a former governor (Pawlenty) as their top lobbyist. An FDIC official (Hoenig) slams their behavior. And the FHFA proposes linking GSE fees to foreclosure costs.

A task force led by New York Attorney General Eric Schneiderman and formed to probe misconduct in the mortgage market during the run-up to the financial crisis may be getting ready to take action.

Central clearing for over-the-counter contracts will undoubtedly reduce risks, but the market still has multiple regulators and multiple sets of rules for different players and for different instruments.

The attorneys general for Oklahoma, South Carolina and Michigan have joined a lawsuit challenging the constitutionality of the Dodd-Frank Act. They filed a complaint in U.S. District court about provisions in the legislation allowing the FDIC and Treasury to unwind troubled companies.

A Senate panel probing the multibillion-dollar trading loss by JPMorgan Chase plans to unveil its findings at a hearing this year to press regulators to tighten the Volcker rule.

The SEC is seeking to determine whether some private-equity firms are taking more profits from investments than they should under agreements with fund clients, according to people with knowledge of the matter.