Risk

The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."

The shutdown came in the middle of a match, knocking out processing at small businesses, a segment expected to see transactions spike during such an event.

President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.

The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.

Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.

Senators from both parties criticized banks over overdraft fees, though populist Republicans and their more establishment conservative colleagues were split over whether blame for the problem lies with banks conduct or the consumers.

The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.

The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.

Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.

Webster Bank's Patricia Voight, Mitek's Shyam Menon and other panelists reframe identity trust—from a moment of verification to a continuous, multi-signal discipline.

Chair Travis Hill said the Silicon Valley Bank failure showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.

As banks have adopted multifactor customer authentication systems, they have inadvertently made it more difficult for many disabled customers to access their accounts. The fix is less complicated than it appears.

The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.

The Federal Reserve weighs rising inflation and a growing economy against a truce in the Middle East and the rise of artificial intelligence in the first monetary policy meeting under new Chair Kevin Warsh.

Regulators have suggested changes to the ratings system they use to gauge banks' safety and soundness that would reduce scrutiny of management quality. It would leave them blind to clear signs of future problems.

Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.

Banking and fintech trade groups have filed suit against the State of Oregon over a new lending law that they say unlawfully restricts interest-rate exportation by out-of-state state banks and threatens access to credit.

Regulators have signaled that the speed of progress in generative and agentic artificial intelligence makes producing definitive guidance impractical. That does not remove banks' obligation to face up to their risks.

Stephen J. Scott, an investigator hired to audit the Federal Reserve's handling of Silicon Valley Bank before its collapse, says the probe is focused on "facts, not politics." But more than three years on, the biggest question surrounding the U.S.'s second most costly bank failure for many is who bears the blame.

A letter released publicly from the Government Accountability Office on Monday underscored previously raised concerns about the Federal Deposit Insurance Corp.'s lack of "rotation" requirements for case managers on bank supervisory teams.