Capital

States have the option of adopting the oversight framework issued by the Conference of State Bank Supervisors, which resembles capital and liquidity plan proposed by the Federal Housing Finance Agency.

Four companies — Regions Financial, MUFG Americas Holdings and the U.S. arms of the Royal Bank of Canada, BMO Financial— felt they had something to prove to the Federal Reserve after being assigned higher capital buffers than most of their peers last year. Will their decisions pay off for shareholders?

The huge buffers that banks built up over the pandemic are protecting the financial system from looming threats, regulators told President Biden during a meeting that also touched on climate change, extension of credit to the underserved and other topics.

Climate First Bank has raised $29 million in initial capital, surpassing the $17 million target set by the Federal Deposit Insurance Corp.

The Maryland company recently raised $345 million to form the subsidiary and fund growth opportunities for its bank.

Organizers of Integrity Bank for Business must raise around $19.9 million before they can open the bank.

The San Francisco company has now backed 11 minority-owned banks as part of a $50 million pledge it announced last year.

The California company has not established a time or pricing for the IPO.

Organizers of the Florida de novo will need to raise $17 million in capital before opening.

The tennis legend will also serve as a strategic adviser on gender equality issues and First Women's Bank, which will be mostly owned and run by women.