Law and regulation

Banks need risk managers with a "show me the money" mindset — that is, people who know how to use income statements and balance sheets to sniff out risky business activities.

As digital currencies become increasingly popular in Latin American countries, partnerships between banks and Bitcoin exchanges can help expedite cross-border transfers.

The Federal Housing Administration's mortgage insurance fund is finally in the black, but not strong enough that the agency is likely to lower premiums anytime soon.

The OCC bowed to industry pressure in late September to remove the word "ensure" from its heightened expectations guidelines for the biggest institutions after bankers argued it would create unintentional litigation risk for boards of directors. But few noticed a month later when the OCC inserted virtually the same language in its updated supervision policy on matters requiring attention.

WASHINGTON — The Federal Deposit Insurance Corp. finalized a rule on Tuesday that spells out the formula banks will be required to use when determining how much they will have to pay into the insurance fund that protects against bank runs.

Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are pressing more than a dozen financial services companies for information about recent data breaches.

Sens. Elizabeth Warren, D-Mass., and Joe Manchin, D-W.Va., are asking President Obama to nominate Wall Street outsiders to a pair of vacancies on the central bank's board of governors.

Bank of Tokyo-Mitsubishi UFJ Ltd. agreed to pay an additional $315 million to New York’s Department of Financial Services for misleading regulators in an investigation of the bank’s transactions with sanctioned countries including Iran and Sudan.

A number of banks have cut ties with business lines that are seen as high-risk in an effort to dodge the threat of enforcement actions. The result is stunted job creation and innovation, not to mention customers who are denied much-needed services.

A number of Dodd-Frank and Basel III regulations will impact banks' investments in the CLO market, but the Volcker Rule poses unique challenges.

A secondary market system "dominated by Fannie and Freddie in conservatorship is simply not desirable," Castro says.

WASHINGTON — The Federal Reserve met with members of the world's largest banks and other global financial regulators on Monday to discuss alternatives to discredited interbank reference rates.

Banks are facing enhanced scrutiny from examiners, causing them to sever ties with businesses they view as high-risk, but regulators are also pressuring them not to close those accounts, fearing financial disenfranchisement.

An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%.

Quantitative easing hasn't led to severe price inflation as critics feared — but the large quantity of Treasury debt might.

Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class certification, citing circumstances surrounding two instances of foreclosures under interim government policy.

BNC Bancorp in High Point, N.C., has agreed to buy Valley Financial in Roanoke, Va.

Federal Reserve Board Gov. Jerome Powell said Friday that he does not anticipate the central bank's interest rate policy changing because of real or perceived volatility in the market.

WASHINGTON — Federal Reserve Bank of New York President William Dudley will testify before a Senate panel next week on questions about whether the bank is too cozy with the industry.

The Department of Justice and the Federal Deposit Insurance Corp. have agreed to launch preliminary investigations into Operation Choke Point.