CNBC's Eamon Javers breaks down the 5 key exemptions of the Volcker Rule, including underwriting and risk mitigated hedging.» Read More
WASHINGTON, Dec 10- Two U.S. regulatory agencies on Tuesday voted to unanimously approve the Volcker rule to restrict banks from trading for their own profits. The U.S. Federal Deposit Insurance Corp board of directors and the U.S. Federal Reserve Board of Governors both approved the rule on Tuesday morning.
WASHINGTON, Dec 10- The U.S. Commodity Futures Trading Commission, one of five regulators due to adopt the so-called Volcker rule on Tuesday, said it canceled a public vote on the issue because of the threat of a snowstorm in the Washington area. Federal Reserve and the Federal Deposit Insurance Corp- would hold their scheduled votes on Tuesday.
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.
Bank lending is on the rise. The little guy on Main Street is not feeling it, though, so many entrepreneurs are turning to alternative funding sources.
CNBC's Hampton Pearson has the latest numbers on bank earnings.
The big banks should not be allowed to dip into FDIC-insured deposits to engage in risky trading activities, Sen. Elizabeth Warren, D-Mass., said on CNBC Friday, as she pushed for a new, modern-day bank breakup bill.
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.