The President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.» Read More
WASHINGTON, Dec 3- The U.S. Federal Reserve and the Federal Deposit Insurance Corp. both announced they would hold Dec. 10 board meetings to vote on the so-called Volcker rule, which bans banks from making bets with proprietary funds.
The Federal Deposit Insurance Corp and Office of the Comptroller of the Currency approved similar proposals on Wednesday.
The Federal Reserve and Federal Deposit Insurance Corp said 11 of the biggest banks operating in the United States first filed their resolution plans in 2012 and were required to submit updated versions by Oct. 1.
NEW YORK, Sept 30- JPMorgan Chase& Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the Federal Deposit Insurance Corp over responsibility for losses at the former Washington Mutual Inc, said people familiar with the matter.
Sept 10- Nearly five years after bailing out Citigroup Inc in the financial crisis, the U.S. government is selling the last of its interests in the company. The Federal Deposit Insurance Corp is offering $2.42 billion of Citigroup bonds on Tuesday, according to a filing by the company with the U.S. Securities and Exchange Commission.
The Democrat from Massachusetts gives Wall Street another reason to complain about her as she joins a small bipartisan group of U.S. senators introducing legislation that would break up Wall Street's megabanks.
"A three percent minimum supplementary leverage ratio would not have appreciably mitigated the growth in leverage... in the years preceding the recent crisis," said Martin Gruenberg, who heads the Federal Deposit Insurance Corp, a regulator that guarantees U.S. bank deposits.
WASHINGTON, July 9- The Federal Deposit Insurance Corp on Tuesday adopted a rule to boost the leverage ratio for the country's eight largest banks to 6 percent, twice the level required by international bank capital standards.
The FDIC, OCC and the Fed jointly proposed new rules on bank borrowing that could hamper lending. The new rules will make the biggest banks fund 5 percent of their assets.
Dick Bove, Rafferty Capital analyst, explains why the new banking regulation is a "turf war" between the Fed, which believes in the Basel III approach to capital, and the FDIC.
The FDIC on Tuesday will propose a leverage rule requiring big banks to have common equity equal to at least 5 percent of their assets, sources tell CNBC.
The FDIC's stricter leverage rules will be announced on Tuesday, reports CNBC's Kate Kelly. The FDIC is expected to raise the key leverage ratio for banks to 5 percent from 3 percent.
Three years after it was signed into law—and with only about 20 percent of its rules in place—critics and even supporters of Dodd-Frank say it's flawed and convoluted.
The FDIC is out with first quarter bank earnings, reports CNBC's Hampton Pearson. The level hits an all-time high, even as loan-loss provisions were down 23.8 percent from a year ago.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
Some smaller regional lenders are seeing increasing commercial loan demand. Here are previews for the five largest U.S. regional banks by TheStreet.com.
JPMorgan Chase may be losing its pull in Washington while at least eight federal agencies investigate the nation's strongest bank, The New York Times reports.
Rick Santelli criticizes Robert Rubin's statement on CNBC that no one could have seen "the possibility of a serious crisis" coming before the credit markets collapsed. (3:26)
Sheila Bair, former FDIC chair, discusses the sudden departure of Citigroup CEO, Vikram Pandit, and weighs in on the new CEO, Michael Corbat.
Banks once offered simple checking and savings accounts. Now they offer brokerage accounts and other financial products. How do you know what's FDIC-insured?