According to Dallas Federal Reserve President Lorie Logan, recent economic news suggests that interest rate hikes need...
Banks
23 Largest U.S. Banks Pass Fed Stress Test
According to a new Federal Reserve report, the nation’s largest banks all passed the annual Fed stress test. The tests...
Bank of America Confirms Market Expansion Plans
Bank of America has announced plans to dramatically expand its market reach by the end of 2026. In a press release,...
BIS Says Global Inflation Fight Now at ‘Critical Juncture’
Central banks around the world need to continue to raise interest rates, according to the Bank for International...
FDIC Chair: Basel III to Raise Capital Requirements for Banks with more than $100B in Assets
Banks with more than $100 billion in assets should expect an increase in capital requirements under a new proposed...
Democrats Introduce Array of Bank Reform Bills in House
Democrats in the U.S. House of Representatives planned to release several bank reform bills on Wednesday, according to...
UBS Finalizes Emergency Acquisition of Credit Suisse
Swiss bank UBS announced today that it has finalized its emergency acquisition of rival Credit Suisse. In a June 12...
Bank Branch Closures Accelerate as Industry Amid Transition to Digital Banking Services
The number of U.S. bank branches has declined sharply in the last several years, according to a report from the Daily...
U.S. Regulators Issue New Guidance for Third-Party Risk Management
This week, U.S regulators published new third-party risk management guidance for banks. The guidance was an...
Bank Call Reports: The Financial Pulse of the Banking Industry
Estimated reading time: 6 minutes Table of contentsOverview of Bank Call ReportsFinancial Information Provided by Bank...
Capital Banking in the USA: An Overview of Investment Services, Financial Instruments, and Regulations
Estimated reading time: 0 minutes Table of contentsIntroduction to Capital Banking in the USAInvestment Banking...
New Regulatory Rules Could Increase Bank Capital Requirements by 20%
Last month, Federal Reserve vice chair for supervision Michael Barr told Congress that new bank capital rules were...
CFPB Issue Spotlight Addresses Concerns About Bank Use of AI Chatbots
The Consumer Financial Protection Bureau (CFPB) has released a new issue spotlight focusing on AI chatbots in the...
US Bank Deposits Saw Huge Decline in First Quarter 2023
The Federal Deposit Insurance Corporation (FDIC) has confirmed a notable decline in U.S. bank deposits in early 2023....
First Citizens Confirms SVB Worker Layoffs
Two months ago, First Citizens Bancshares acquired Silicon Valley Bank after the latter collapsed. On Wednesday,...
Yellen Calls for Maintaining Diverse Banking Sector in U.S.
U.S. Treasury Secretary Janet Yellen highlighted the importance of maintaining a diverse banking sector today. During...
Powell Suggests Moderation in Further Fed Rate Increases
Federal Reserve Chairman Jerome Powell seemed to signal a potential pause in future Fed rate increases late this week....
Tighter Bank Oversight Rules Expected This Summer
This week, Federal Reserve Vice Chair for Supervision Michael Barr said tighter bank oversight rules could be revealed...
Treasury’s Yellen to Meet with Bank CEOs to Discuss Debt Ceiling Standoff
U.S Treasury Secretary Janet Yellen will meet with Bank Policy Institute board members on May 18 in Washington, D.C....
New CFPB Circular Warns Banks Against Unilaterally Reopening Closed Customer Accounts
The Consumer Financial Protection Bureau issued a new CFPB circular this week, according to an agency press release....
FDIC Proposal Taps Big Lenders for Deposit Insurance Fund Replenishment
The Federal Deposit Insurance Corporation (FDIC) has unveiled a proposal to replenish its deposit insurance fund. The...