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A $2.3 billion loan temporarily pushed Emigrant's total assets over $15 billion. Because it was briefly above that threshold, the bank will be subject to a provision of the Dodd-Frank Act that prevents banks from counting trust preferred securities as part of their Tier 1 capital. Emigrant is asking Congress for an exemption.
May 18 -
Thomas Noto, a former associate general counsel and compliance expert at Bank of America, has joined Morrison & Foerster.
May 18 -
Rep. Scott Garrett is willing to defend the Securities and Exchange Commission once in a while, but he has his limits.
May 18 -
The upcoming congressional hearings on the trading losses at JPMorgan Chase could prove awkward for a group of lawmakers who own a piece of the bank.
May 18 -
Now that a proposal to give credit unions more business lending power has been tabled, banks and credit unions have resumed their long-running battle over taxes.
May 18 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
May 18 -
WASHINGTON — The big question following JPMorgan Chase & Co.'s now-notorious derivative trade is whether it would have been permitted under the so-called 'Volcker Rule.' But the answer is clear cut to an advocacy group that has led calls for regulatory restrictions after the 2008 crisis.
May 18 -
More than two-dozen have already announced that would stop filing reports with the regulator and many more could follow as they aim to cut costs.
May 18 -
Allegations of kickbacks, exorbitant premiums are the focus of three days of hearings that have bankers and insurers in the hot seat.
May 18 -
WASHINGTON – U.S. Sen. Michael Johanns, R-Neb., on May17 introduced a bipartisan bill that would end the requirement for dual fee disclosures at ATMs and require only the on-screen disclosure.
May 18





