The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers. The FDIC board of directors voted Thursday (March 21) to approve a Federal Register notice seeking comment on proposed revisions to the...
Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. “These can be very big undertakings,” Capital One CEO Richard Fairbank said Tuesday (Feb. 27) at a Keefe, Bruyette & Woods conference, according to a Bloomberg report. “Whatever people think it is, we’ll take the over.”...
Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial innovators. This request was driven by the FDIC’s dismantling of the external facing portion of its FDITech Office, according to...
In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action. This comes after the collapses of three banks earlier this year, which were partly fueled by deposit runs and concerns over...
June 23, 2023
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal Deposit Insurance Corp. (FDIC) quickly stepped in and backstopped SVB’s […]
March 21, 2024
The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers. The FDIC board of directors voted Thursday (March 21) to approve a Federal Register notice seeking comment on proposed revisions to the agency’s statement of policy (SOP) on bank mergers. The revisions […]
February 27, 2024
Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. “These can be very big undertakings,” Capital One CEO Richard Fairbank said Tuesday (Feb. 27) at a Keefe, Bruyette...
February 02, 2024
Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial innovators. This request was driven...
December 06, 2023
In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action. This comes after the collapses of...
