Banks buy back more stock as Fed weighs capital proposal
Large banks seem comfortable paring back their capital positions while they await an updated proposal on the so-called Basel III endgame. The rules are widely expected to be more lax than what was proposed during the Biden administration.
Carver taps veteran OCC official to bolster leadership team
After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
Bank trade group opposes Coinbase charter application
The ICBA opposed Coinbase’s filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
Gould backs charters to bring nonbanks into regulatory fold
Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is “the only way” to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
Global Payments celebrates M&A regulatory wins
With the U.K. and U.S. giving a green light to the company’s $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
Flagstar agrees to $31.5 million data breach settlement
The agreement, if approved by a federal judge, would end litigation over two distinct cybersecurity incidents in 2021 which affected over 2 million customers.
Fed’s Bowman seeks level field for banks on digital assets
Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
Bank execs say stablecoins, crypto here to stay
Findings from American Banker’s On-Chain Finance Report show how market leaders view digital assets as a permanent fixture in the banking industry.
AI-enabled bank fraud is a problem right now, and we are not ready
The financial services industry is relying on outdated methods of detecting and fighting fraud. With the assistance of artificial intelligence, criminals are penetrating vulnerable systems. It’s time for collective action.
Bankers back fed independence as SCOTUS mulls removability
A survey of bank executives conducted by fintech firm IntraFi found that an overwhelming majority of respondents think Federal Reserve Governors should only be removed by the president in cases of proven misconduct.