Regulation

The Securities and Exchange Commission's staff will need "a few additional months" to complete work on its recommendation to the commission about whether U.S. companies should adopt the international rules, SEC chief accountant James Kroeker said.

Many community banks that are struggling to grow and cannot afford to repay their bailout aid will be forced to sell, and they don't have a lot of time to find a buyer.

The battle between Democrats and Republicans over the Consumer Financial Protection Bureau will come to a head this week when Senate Democrats hold a vote — expected to fail — on the confirmation of the bureau's first director. But observers said the vote, which is likely to be the first of many, plays into a White House strategy of painting Republicans as anti-consumer protection, and friends of Wall Street.

Following MF Global failure, agency limits firms' ability to invest customer money in sovereign debt and other instruments.

Sterling Bank in Washington and the FDIC are both pursuing claims against directors and officers of Bank of Clark County, which failed in 2009. Sterling was the first to file, but lawyers believe the FDIC will likely get its tab paid first, if legal fees don't end up taking it all.

While the living will rule requires firms to provide voluminous data on many aspects of their banking companies, regulators are likely to be primarily focused on a narrative of how they can be taken apart.

As a powerful liberal force in banking legislation announces his retirement, bankers face the prospect that he will be replaced by someone even less to their liking.

The law firm Ballard Spahr announced Monday that it has added a new mortgage banking practice, tapping three partners and one associate from Patton Boggs.

HSBC Holdings PLC was slapped with the biggest retail fine to date by the U.K. Financial Services Authority after the regulator found it sold unsuitable products to elderly customers.

Massachusetts sued Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and GMAC late last week over deceptive foreclosure practices such as robosigning documents.