Banks are experiencing many challenges while trying to convert to using the new current expected credit loss model, according to a recent survey.
Read More »Digging Deeper into Fed’s Stress Tests
The Federal Reserve is about to let the industry know just how well-capitalized the largest bank holding institutions are. What are this year's stress tests going to involve?
Read More »Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks’ Risk-Taking
The Democratic Senator from Ohio is urging the heads of the Federal Reserve, OCC, and FDIC to resist pressure from Wall Street banks to weaken the rules that require the banks to hold more capital.
Read More »HELOC Balances at Larger Banks Continue Declining Trend
While outstanding HELOC balances have plummeted nationwide since 2009, data shows for the most part they are declining only at the 20 largest financial institutions.
Read More »Fed Governor Brainard Discusses New Tailored Regulatory Approach for Large Banks
A capital surcharge proposed by the Fed in December for eight U.S. banks that the Financial Stability Oversight Council designated as global systemically important banks is aimed at building additional resilience and lessening the chances of an institution's failure in proportion to risks the institution poses to the broader U.S. economy.
Read More »Increased Litigation Expenses Cut Into Q4 Earnings for FDIC-Insured Institutions
Increased litigation expenses at a few larger banks caused the Q4 aggregate net income for commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC Chairman was still encouraged by the numbers, however.
Read More »Bank of America Further Reduces Size of Delinquent Mortgage Loan Division
As the size of Bank of America's delinquent loans portfolio is shrinking, so is the megabank's workforce – late last week, the bank announced that it was laying off 250 employees from its delinquent mortgage loan division in its headquarters city of Charlotte, North Carolina.
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