Investments

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.

To shore up the share insurance fund, the National Credit Union Administration would be wise to give the industry additional temporary investment options.

The initiative, backed by Vice Chairman Anne Finucane and Chief Operating Officer Tom Montag, is Bank of America’s eighth environmental, social and governance-themed bond.

An international coalition led by Bank of America chief Brian Moynihan has proposed a framework for assessing how well big corporations are meeting the environmental, social and governance expectations of investors who value stakeholder capitalism.

The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.

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.

The agency has scheduled an extra assessment of institutions' strength to incorporate more recent economic data during the pandemic.

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

Melio, which specializes in streamlining SMBs’ payments to suppliers, has raised an additional $80 million in venture capital funding to power its rapid growth during the pandemic.

Investors have poured a fresh $106 million into Amsterdam payments service provider Mollie, boosting its valuation past $1 billion.