Despite downgrades and fiscal woes, now could be the time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.» Read More
March 3- A federal grand jury is probing Citigroup Inc, including its Banamex USA affiliate, over compliance with the U.S. Citigroup, the third-largest U.S. bank by assets, also said Banamex USA had received a subpoena from the U.S. Federal Deposit Insurance Corp, a civil agency.
March 3- A federal grand jury is probing Citigroup Inc, including its Banamex USA affiliate, over compliance with the U.S. The company also said Banamex USA had received a subpoena from the U.S. Federal Deposit Insurance Corp..
"I think we've gotten the details worked out and now it's just getting the schedule and... getting everyone lined up," Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig told reporters at a conference.
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.
CNBC's Eamon Javers details the five key exemptions under the Volcker Rule. Regulators from the FDIC and Federal Reserve are expected to vote to approve the legislation which would ban banks from proprietary trading.
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 President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.
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.
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 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.