Financial institutions

The United Kingdom's potential departure from the European Union has implications not just for British banks but for large interconnected financial institutions based here as well.

In a forum at the Federal Reserve Bank of Minneapolis aimed at examining progress made in ending the era of Too Big to Fail banks, academics engaged widely differing views on the nature of bank risk and how far regulators have come in addressing them since the crisis.

JPMorgan Chase has agreed to sell its U.S. Department of Agriculture Rural Development mortgage origination business to Freedom Mortgage of Mount Laurel, N.J.

Rather than look at the hard problem of restructuring the banking system, critics of the largest institutions should focus on the more immediate issues pertaining to extremely high capital requirements, which may hamper economic activity.

The Commodity Futures Trading Commission's proposal to obtain trader source code sets a dangerous precedent of regulators impinging on firms' constitutional protection from search and seizure.

The former head of the FDIC has a longstanding interest in small-dollar consumer lending.

The Dallas-based subprime consumer lender backed off controversial changes to its method for calculating its quarterly provisions for loan losses, forcing it to revise earnings downward for the last two years. It also announced that it had found more accounting issues.

WASHINGTON – The public advocacy group Better Markets is calling on a federal court to explain why it has decided to seal an opinion, delivered Wednesday, that struck down MetLife’s designation as a systemically risky nonbank.

GE Capital has formally asked the Financial Stability Oversight Council to review and rescind its designation as a systemically important financial institution, setting in motion a highly anticipated process that has not yet been tried by a designated firm.

The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.

The DC District Court handed the insurance giant MetLife a big upset win when it struck down the Financial Stability Oversight Council’s decision to apply a systemically risky label to the firm, but with few other firms facing similar designation, the practical impact of the ruling is uncertain.

The ability to program value exchanges without risk of censorship, moderation or theft gives smart contracts a leg up in servicing users who lack a mainstream banking association.

The DC District Court on Wednesday ruled against the Financial Stability Oversight Council's designation of the insurance giant MetLife as a systemically risky nonbank, though the opinion behind the order was sealed and the reasoning behind the decision remains unclear.

MetLife beat back a U.S. attempt to label it too big to fail, which would've put America's biggest life insurer under tougher government scrutiny and forced it to put more money in reserves.

WASHINGTON — Congress should consider streamlining the financial regulatory structure and give the Financial Stability Oversight Council broader authority to respond to systemic risks, according to a Government Accountability Office report published this week.

The ambiguity over whether regulators favor risk sensitivity or simplicity in setting capital requirements does not help risk management efforts.

As online business lenders grow in number, size and prominence, a new trade group is being launched to represent their interests in Washington.

The subprime consumer lender currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.

San Francisco Fed President John Williams discusses the potential for new fintech products to make predatory lending easier, whether big banks need to be broken up, and the likelihood of another recession.

Restrictions on bank ownership act as a de facto poison pill, discouraging potential activist investors from challenging underperforming bank managers. Ease those restrictions and the market will do its job.