Joint Press Release: Agencies Request Comment on Proposed Rules to Strengthen Capital Requirements for Large Banks
JOINT PRESS RELEASE | JULY 27, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance Corporation Office of the Comptroller of the Currency____________________________________________________________ Agencies Request Comment on Proposed Rules to Strengthen Capital Requirements for Large Banks Bank regulatory agencies today requested comment on a proposal to increase the strength and resilience of the […]
Mastercard demands shutdown of marijuana purchases on its debit cards
Mastercard has told payment processors and banks to stop allowing marijuana transactions on debit cards, in a blow to the struggling cannabis industry and a boon to transparency in the banking system.
LendingClub CEO expects slower second half, hints at new credit products
Scott Sanborn said his company is committed to balancing profitability and growth, and sees a lot of potential in new products such as credit cards.
Eagle Bancorp in Maryland closes branches, cuts staff
Like many of its peers, the bank is grappling with higher deposit costs and net interest margin pressure.
Will the Fed keep hiking rates? Mortgage lenders game it out
There’s divergence of opinions between one more rate hike this cycle and no further actions.
Mastercard CEO on FedNow: ‘We have the better solution’
Michael Miebach, the card network’s chief executive, discussed his plan for competing against the Federal Reserve’s new real-time settlement system.
Upgrade gets a ‘lift’ from travel BNPL acquisition
The challenger bank and fintech lender will use its first acquisition to expand its point-of-sale financing strategy into another vertical.
Bowman, Waller vote against Fed’s Basel III endgame proposal
The two Trump-appointed governors expressed skepticism that the increased capital requirements for regional banks were necessary to keep the banking sector resilient.
Citi to track U.K. office attendance to identify hybrid holdouts
The monitoring, which is already in place in the U.S. came after a month-long consultation with U.K. employees.
ECB scraps interest on reserves in $6 billion hit to banks
The European Central Bank will stop paying banks for the money they are required to keep at the institution as a minimum reserve, a surprise move that could cut billions from lenders’ interest income.