The UBS acquisition of Credit Suisse has been approved in the EU, but is being complicated in China by regulatory requirements.
May 29, 2023Shareholders accused Wells Fargo of overstating how well it was complying with 2018 consent orders from financial regulators.
May 19, 2023Fed, FDIC and OCC officials as well as former executives from failed banks testified before lawmakers this week.
May 18, 2023In the years leading up to SVB's failure, DPFI identified deficiencies at the bank, but "did not take adequate steps" to ensure they were resolved quickly.
May 14, 2023Michelle Bowman urges targeted and evidence-based reforms to address the root causes of the recent spate of bank failures.
May 13, 2023Climate change is real, but not a serious risk to financial stability, Fed Governor Waller said in a speech in Madrid.
May 12, 2023Ongoing stresses in the banking system could lead to a broader contraction in credit, resulting in a "marked slowdown in economic activity".
May 9, 2023The Fed, FDIC and NYDFS say SVB and Signature Bank were mismanaged, but that regulatory and supervisory lapses also contributed to their failures.
May 2, 2023Four agencies reaffirmed their commitment to "vigorously enforce their collective authorities and to monitor the development and use of automated systems."
April 30, 2023The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.
April 26, 2023