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Results 1 - 10 of 162 |
Posted Date: Friday, May 3, 2024
The U.S. banking system made it through the first quarter of 2024 without a single bank failure, which is good news after a year in which there was at least one failure per quarter. On April 26, the Federal Deposit Insurance Corp. announced Republic First Bank as the first institution to fail this year.
Fulton Bank, National Association of Lancaster, Pa., absorbed all assets and branches previously belonging to the Philadelphia-based regional bank. Read on »
Posted Date: Tuesday, April 23, 2024
The Federal Reserve’s proposed changes to regulations on interchange fee caps have received pushback from the financial sector and sparked disagreement among Fed Board governors. The Fed extended the comment period by 90 days, until May 12, in response to industry concerns about needing more time to evaluate the rule’s implications.
Comments have continued to roll in from banks, credit unions, legislators, merchants and non-profit organizations expressing mostly opposition to the proposal. Read on »
Posted Date: Tuesday, April 16, 2024
The Federal Deposit Insurance Corp. (FDIC) released a report detailing how the agency would manage the orderly resolution of a large, complex financial company under Title II of the Dodd-Frank Act. FDIC Chairman Martin Gruenberg touted the report as “the most comprehensive explanation to date of how the FDIC expects to utilize those authorities.” Read on »
Posted Date: Tuesday, March 5, 2024
The
Federal Reserve’s 2024 hypothetical stress test scenarios are the first to incorporate
elements the agency is studying as part of its “exploratory analysis” of the
banking system. The analysis is distinct from the stress test but will
complement it by offering aggregate results tested against different economic
and financial conditions. Read on »
Posted Date: Tuesday, October 8, 2019
The Office of the Comptroller of the Currency (OCC) issued a final rule to dramatically increase the threshold for national banks and federal savings associations to be covered by the OCC’s Dodd-Frank Act stress testing.
The agency considered recommendations pertaining to the testing requirements and the frequency with which the tests are conducted.
Read on for more information about the rule, which aligns with financial reform legislation passes last year. Read on »
Posted Date: Tuesday, July 30, 2019
The Federal Reserve and the Federal Deposit Insurance Corp. (FDIC) recently completed their 2018 resolution plan evaluations for several systemically-important foreign and domestic banks and extended the next deadline for those firms to submit their strategies for rapid, orderly liquidation in the event of a failure.
The extensions are intended to afford the banks additional preparation time to account for pending amendments to resolution planning rules, affecting domestic banks and foreign banks with U.S. operations with more than $100 billion in total consolidated assets.
Find out more details about the plan assessments and deadline extensions. Read on »
Posted Date: Tuesday, June 25, 2019
The results of the Federal Reserve’s 2019 Dodd-Frank Act stress test (DFAST) indicated that the nation’s largest bank holding companies are well-equipped to handle a severe financial downturn should one occur.
The number of firms participating in the 2019 DFAST is roughly half the number that participated in 2018, thanks to the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) in May 2018.
Find out more details about the first half of the latest stress test results. Read on »
Posted Date: Friday, April 12, 2019
The Federal Reserve recently proposed several changes to its resolution planning framework for large banking companies that would reduce the frequency with which certain banks would be required to submit “living wills.” Institutions now required to file full living wills every year would have to do so only once every four or six years under the proposal.
The Fed also has proposed new regulatory capital requirements for U.S. subsidiaries of foreign banking organizations.
Find out more details about the proposal. Read on »
Posted Date: Friday, February 8, 2019
In what would be the largest bank merger by asset and deposit volume since the financial crisis, SunTrust Banks, Inc. and BB&T Corp. recently announced they’d agreed to a $66 billion deal that would combine both companies to form the sixth-largest bank by asset size in the country.
The merger was announced two days after the Federal Reserve informed both banks they would not be required to comply with certain stress testing requirements, invoking its ability to do so for banks with less than $250 billion in assets under S. 2155.
Find out more details about the deal and what congressional hurdles could slow the closing process. Read on »
Posted Date: Friday, November 30, 2018
The Federal Deposit Insurance Corp. is considering policy changes to streamline and strengthen the resolution planning process for large banks, as well as changes to its Orderly Liquidation Authority.
The agency also is considering changes to thresholds associated with its insured depository institutions (IDIs) rule and will not require banks to file IDI plans until its rule revisions are finalized.
Learn what Chairman Jelena McWilliams believes should be guiding principles behind any potential rule changes. Read on »
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