Regulation and compliance
Regulation and compliance
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The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture. With scant information about why the cap was lifted, the action provides little clarity on what Wells did right — or what the Fed did wrong.
June 4 -
House lawmakers discussed the recently introduced market structure bill, with Democrats expressing concerns that the bill could enable banks to evade securities laws.
June 4 -
The STATES 2.0 Act, currently pending in Congress, would go a long way toward giving banks confidence that they can provide services to legal cannabis businesses without putting themselves in legal jeopardy.
June 4 -
The Treasury market experienced unexpected volatility in April after President Trump announced sweeping tariffs, but recovered after the moves were delayed. Some see that as proof of resilience in the market, but others say it highlights vulnerabilities.
June 4 -
The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells can hit the gas on business lines it had kept idle.
June 3 -
The acting chair argued for a simplified capital hike, criticized past approaches to bank mergers and signaled movement on the FDIC board could be coming soon.
June 3 -
Acting Comptroller of the Currency Rodney Hood signals rollback of key safeguards like the supplemental leverage ratio, aligning with administration's push to ease bank capital demands and spur credit.
June 3 -
The probability of a trade war-induced recession is unclear and fluctuates almost daily. However, the possibility is real enough that banks have a responsibility to prepare for a serious economic downturn on par with the 2008 financial crisis.
June 3 -
The Department of Justice is seeking to terminate a Biden-era lending discrimination settlement with Lakeland Bank. Last month, the DOJ took similar action in a case involving Mississippi-based Trustmark National Bank.
June 2 -
Forbright Bank was reprimanded by the FDIC last year in connection with its use of brokered deposits. To address the issue, the Maryland-based lender has built out a digital banking arm.
June 2