Exclusive: Warren presses Fed on stress capital buffer
A Federal Reserve proposal to calculate stress capital buffers would mean that the banking system could be less likely to withstand an economic shock, the Democratic senator said.
The Fed can ignore Trump — but markets are listening
The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, and while the tough talk has not changed policy, it has sent a clear message to the financial sector.
Ripple joins other crypto firms seeking trust bank charters
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
Erebor’s charter bid rides wave of fintech-friendly policy
Backed by tech billionaires, the crypto-focused digital startup bank’s timely application reflects the current administration’s openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers’ political ties.
NCUA sets high bar for criminal referrals after Trump order
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
Tech’s response to the rise of check fraud
Now more than ever, businesses globally have become increasingly susceptible to financial fraud.
Bank groups encourage Treasury switch to digital payments
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
Influential Fed supervision official takes resignation offer
Michael Gibson, director of the Federal Reserve’s supervision and regulation division, has accepted the agency’s voluntary resignation offer and plans to leave this month after more than three decades at the central bank.
Santander agrees to buy Sabadell’s TSB unit for $3.6 billion
The all-cash transaction will make the enlarged company the U.K.’s third-largest lender by some measures.
Louisiana bank to enter Dallas with its second Texas deal
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.