Regulation

Jack Barnes, the president and chief executive at People's United Bank in Bridgeport, Conn., said Thursday that $28 billion-asset has submitted an application to the OCC to switch from a federally chartered thrift to a national bank as part of a broader plan to bulk up in commercial lending.

As Occupy Wall Street gains national attention bashing bankers, it's giving a free ride to the 'Other 99%' who enjoy the perks of a nation living beyond its means.

Days after South Korea’s card networks agreed to slash the interchange rates they apply to credit card acceptance at small merchants, the Korean government has said that it would strive to unify their rates.

Consumer angst initially has some customers considering leaving their financial institution if it adds debit card fees, the results of a new consumer survey suggest.

Thomas Hoenig, outspoken during his time at the Kansas City Federal Reserve Bank, would become the FDIC's No. 2 during implementation of a new resolution system.

Federal Reserve officials are considering a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly in this direction.

Was the Fed trying to convince itself foreclosure isn’t that bad? Would they roll out the pie charts and PowerPoint presentations to convince the rest of the financial community, Congress and the like, that homeowners don’t have to fear deterioration of lifestyle, maybe just a bit of downsizing?

Sen. Mark Warner, D-Va., and other lawmakers pressed a top Treasury official on whether U.S. regulators can predict the impact a crisis in Europe would have on domestic firms.

Capital One Financial reported a small increase in third-quarter profit Thursday as the bank's loan writeoffs and delinquencies continued to fall.

As many banks evaluate how much impact the Durbin amendment that limits debit card interchange will affect revenue, U.S. Bank says it is reserving judgment.