Economy

Dodd-Frank authorized the council to designate specific nonbanks for tougher supervision, but the Trump administration has signaled support for "activities-based" designations.

The surge in populist politics that helped fuel President Donald Trump's victory and the rise of progressives on the left wasn't triggered by U.S. policymakers' response to the 2008 financial crisis, said former Federal Reserve Chairman Ben Bernanke.

The interagency council voted in favor of the bank's application to remove its designation, though the practical effect of the decision is muted by the regulatory relief law passed this spring.

The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is implemented next year.

Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.

Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.

The Tennessee regional said the sale should boost quarterly profit by $160 million.

The Los Angeles company will also gain its first branches in Nevada after completing the $467 million acquisition.

With the large storm threatening coasts in Virginia and the Carolinas, some banks are planning to shutter branches for the rest of this week.

Housing finance reform is still likely years away, but a growing chorus of lawmakers say the government guarantor has the ability to clear the path to a final plan.

Tom Blomfield, founder of Monzo Bank, and Anne Boden, founder of Starling Bank, share their approaches to challenging the British incumbents.

Bankers in the East Coast hurricane's path — and everyone else — can learn from those who have survived natural disasters.

The "digital asset receipt," similar to ETFs and ATRs, aims to expedite investing in cybercurrencies; CFO is taking the hit for the Dutch bank's lax anti-money laundering controls.

The proposed rule is another step in the agency's implementation of a regulatory relief bill that President Trump signed into law in May.

The central bank, which received broad authority after the crisis to supervise big banks, is expected to get more attention from lawmakers over its discretion to ease banks’ burden.

The agency says the effort, part of a review conducted every 10 years, will help eliminate regulatory red tape.

It’s been off the radar for a couple of years, but Washington may soon be debating the separation between commercial and investment banking once again.

Rising tariffs are rapidly increasing the cost of building materials, putting banks at risk.

Some of these states may surprise you.

Many workers get extra days off to celebrate all kinds of things, from their birthdays to a good regulatory exam score, or as a reward for charitable giving and other community involvement.