SIFIs

In a blog post published Thursday, Neel Kashkari criticized key parts of Jamie Dimon’s annual letter to JPMorgan Chase shareholders.

Because the fates of banks and the communities they serve are so intertwined, the regulatory impacts borne by regional banks are inextricably linked to the repercussions experienced by their customers.

A group of 10 Republican senators are calling on Treasury Secretary Steven Mnuchin to drop the government’s appeal of a ruling last year that rejected MetLife’s designation as a systemically risky firm and to de-designate the remaining two SIFI nonbanks.

Attendees at an American Bankers Association conference believe a massive overhaul of banking regulations is unlikely.

Rep. Blaine Luetkemeyer, the chairman of the House financial institutions subcommittee, said Wednesday that he plans to reintroduce a bill that would change the way banks are designated as systemically important.

A movement is afoot to eliminate the Federal Insurance Office, which was established by the Dodd-Frank Act, but here’s why that would be a mistake.

The phrase “it is what it is” came up several times as CEO Joseph Ficalora addressed analysts’ questions about nixing plans to buy Astoria and the challenges of getting another deal done.

The company wants a big deal to help push it over $50 billion of assets, at which point it will be considered systematically important.

On earnings calls this week CEOs expressed optimism for increased loan demand, a softer tone from regulators, a higher SIFI threshold and, potentially, a surge of interest in health savings accounts.

Northern Trust’s fourth-quarter profit surged due to higher trust fees, improved credit quality and the benefit accrued to its profit margin from an increase in short-term interest rates.