Capital requirements

Law and regulation

Fed's Kashkari says banks arguing against regulation ‘make stuff up’

Kashkari, who oversaw the 2008 bank bailouts as a then-Treasury official, has been outspoken in favor of higher capital requirements since he took over at the Minneapolis Fed in 2016.

October 16

Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis, speaks during a discussion at the National Association for Business Economics economic policy conference in Washington on March 6, 2017.

Capital requirements

Fed’s Quarles casts doubt on permanent capital relief for big banks

Regulators in the spring temporarily eased a key benchmark of balance-sheet strength to allow institutions to help customers navigate the pandemic, but Federal Reserve Vice Chairman Randal Quarles said it would be “premature” right now to suspend it for good.

By Hannah Lang

October 14

"I understand the desire to give thought to it but I would think it'd be premature to say that we ought to make that permanent currently,” said Fed Vice Chairman Randal Quarles.

Earnings

Profits nearly double at Goldman on broad revenue strength

Revenue at each of Goldman Sachs’s four divisions rose from a year earlier, pushing earnings per share to a record that was almost twice as high as analysts predicted.

October 14

Earnings

Wells Fargo profit slumps on severance and remediation charges

The company posted a surprise increase in third-quarter expenses as it set aside almost $1 billion for customer remediation and $718 million in restructuring charges.

October 14

Earnings

Bank of America's profits, consumer revenue fall

Third-quarter net income dropped nearly 16% from a year earlier as revenues at the company's consumer unit declined at about the same pace and trading revenue gains were below estimates.

October 14

Building are seen reflected on the exterior of a Bank of America branch in New York.

Earnings

JPMorgan Chase posts surprise jump in profit on lower credit costs

The company defied expectations by cutting its reserve for loan losses by $569 million, after adding $20 billion to the allowance in the first half.

October 13

Jamie Dimon, chairman and CEO, JPMorgan Chase

Opinion Credit unions don't need CECL, they need an exemption

At a time when the industry is focused on serving members and assisting with the economic recovery, executives shouldn't be burdened by a costly new credit loss methodology.

October 1

Rodney Hood

Chairman

National Credit Union Administration

Federal Reserve

Fed will extend freeze on stock buybacks, cap on dividends

The Federal Reserve will continue its ban on share repurchases for banks with more than $100 billion of assets into the fourth quarter and will cap dividend payments using a formula based on recent income.

By Hannah Lang

September 30

FSOC

Oversight council warns of systemic threat from Fannie, Freddie

The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.”

By Hannah Lang

September 25

The council's announcement came weeks after the public comment period closed on the Federal Housing Finance Agency’s post-conservatorship capital framework for Fannie Mae and Freddie Mac.

ESG

Pressure mounts on U.S. bank regulators to stress test for climate change

Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.

By Laura Alix

September 20