By Fed Newswire | Nov 12, 2015
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: East West Bank (PDF), Pasadena, California Written Agreement dated November 9, 2015 Search of Federal Reserve enforcement actions.
By Fed Newswire | Nov 12, 2015
News Release: The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. These amounts are the reserve requirement exemption amount and the low reserve tranche.
By Fed Newswire | Nov 10, 2015
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: The Bank of Nova Scotia, Toronto (PDF), Canada and Bank of Nova Scotia New York Agency, New York, New York Written Agreement dated November 5, 2015 The Federal Reserve Board on Tuesday announced the release ...
By Fed Newswire | Nov 5, 2015
News Release: The Federal Reserve today announced plans to conduct its sixth triennial study to determine the current aggregate volume and composition of electronic and check payments in the United States. The study builds upon research begun by the Federal Reserve in 2001 to provide the public and the payments industry ...
By Fed Newswire | Nov 5, 2015
News Release: The Federal Reserve Board on Thursday permanently barred Rohit Bansal, a former investment banker at Goldman Sachs & Co., from participating in the banking industry following his guilty plea for misdemeanor theft of confidential information from the Federal Reserve. Bansal agreed to enter into a consent order with the Federal Reserve Board barring him from the banking industry and requiring him to cooperate in the Board's ongoing investigation.
By Fed Newswire | Nov 5, 2015
News Release: Credit risk in the Shared National Credit (SNC) portfolio remained at a high level, according to an annual review of large shared credits released today by federal banking agencies.
By Fed Newswire | Nov 4, 2015
News Release: The Federal Reserve Board on Wednesday announced a $58 million penalty and consent cease and desist order against Deutsche Bank AG, of Frankfurt, Germany, related to violations of U.S. sanctions. The order requires Deutsche Bank to implement an enhanced program to ensure global compliance with U.S. sanctions administered by the U.S. Department of Treasury's Office of Foreign Assets Control.
By Fed Newswire | Nov 3, 2015
News Release: The Federal Reserve Board on Tuesday announced the approval of fee schedules, effective Jan. 1, 2016, for payment services the Federal Reserve Banks provide to depository institutions (priced services).
By Fed Newswire | Oct 30, 2015
News Release: Five federal agencies have issued a final rule to establish capital and margin requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants regulated by one of the agencies ("covered swap entities"), as required by the Dodd-Frank Act.
By Fed Newswire | Oct 28, 2015
News Release: Information received since the Federal Open Market Committee met in September suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months, and the housing sector has improved further; however, ...
By Fed Newswire | Oct 27, 2015
News Release: The Federal Reserve Board on Tuesday announced its approval of the application by Korea Exchange Bank, Seoul, Republic of Korea, to establish an agency in New York, New York.
By Fed Newswire | Oct 20, 2015
News Release: The Federal Reserve Board on Tuesday announced a $90.3 million penalty and consent cease and desist order against Crédit Agricole S.A., of Paris, France, related to violations of U.S. sanctions. The order requires Crédit Agricole, including its foreign subsidiary, Crédit Agricole Corporate and Investment Bank, to implement an enhanced program to ensure global compliance with U.S. sanctions administered by the U.S. Department of Treasury's Office of Foreign Assets Control.
By Fed Newswire | Oct 19, 2015
News Release: The Federal Reserve Board on Monday barred Thomas A. Neely, Jr., former Executive Vice-President and Business Services Credit Executive of Regions Bank, Birmingham, Alabama, from participating in the affairs of any insured depository institution and ordered him to pay a civil penalty of $100,000 to settle administrative charges he breached his fiduciary duties.
By Fed Newswire | Oct 14, 2015
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under sections 10(e) and 10(c) of the Home Owners' Loan Act, as amended, by Synchrony Financial, Stamford, Connecticut, to operate as a publicly owned savings and loan holding company and retain control of its subsidiary federal savings association, Synchrony Bank, Draper, Utah, and to continue to engage in certain business activities through its control of non-savings association subsidiaries.
By Fed Newswire | Oct 13, 2015
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for August 31 and Sept. 15, 2015.
By Fed Newswire | Oct 8, 2015
News Release: The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on September 16-17, 2015. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.
By Fed Newswire | Oct 7, 2015
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by Royal Bank of Canada, Montreal, Canada, to establish a branch in Jersey City, New Jersey.
By Fed Newswire | Oct 7, 2015
News Release: The Federal Reserve Board on Wednesday announced its approval of the applications under section 3 of the Bank Holding Company Act by Royal Bank of Canada, Montreal, Canada, and RBC USA Holdco Corporation, New York, New York, to acquire City National Corporation and thereby indirectly acquire its wholly owned subsidiary, City National Bank, both of Los Angeles, California.
By Fed Newswire | Oct 5, 2015
News Release: The Federal Reserve Board on Monday announced that the public comment period has been extended through Oct. 30, 2015, on the application by Goldman Sachs Bank USA, New York, New York, to assume certain liabilities and acquire certain assets of GE Capital Bank, Holladay, Utah, under section 18(c) of ...
By Fed Newswire | Oct 1, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: ABCT Holdings, Inc., Waco, Texas Written Agreement issued August 5, 2013 Terminated Sept. 28, 2015 Countricorp, White Sulphur Springs, Montana Written Agreement issued Jan. 29, 2013 Terminated ...
