By Fed Newswire | Sep 29, 2017
News Release: The Federal Reserve Board on Friday announced that it has fined HSBC Holdings plc, London, United Kingdom, and HSBC North America Holdings Inc., New York, New York, $175 million for the firm's unsafe and unsound practices in its foreign exchange (FX) trading business.
By Fed Newswire | Sep 28, 2017
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation today extended the next resolution plan filing deadline for eight large domestic banks by one year to July 1, 2019. The extension will provide the time needed for firms to remediate any weaknesses identified in their July 2017 submissions and to prepare and improve their next resolution plan submissions.
By Fed Newswire | Sep 27, 2017
News Release: The federal banking agencies on Wednesday proposed a rule intended to reduce regulatory burden by simplifying several requirements in the agencies' regulatory capital rule.
By Fed Newswire | Sep 21, 2017
News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by PacWest Bancorp, Beverly Hills, California, to acquire CU Bancorp and thereby indirectly acquire California United Bank, both of Los Angeles, California.
By Fed Newswire | Sep 21, 2017
News Release: The Federal Reserve Board announced the termination of the enforcement action listed below: The First Bank of Baldwin, Baldwin, Wisconsin Written Agreement issued July 26, 2011 Terminated Sept. 19, 2017 The enforcement action from July 2011 can be found here , and other enforcement actions can be searched for here.
By Fed Newswire | Sep 20, 2017
News Release: The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the September 19-20 meeting.
By Fed Newswire | Sep 20, 2017
News Release: Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household ...
By Fed Newswire | Sep 19, 2017
News Release: The Federal Reserve Board announced the termination of the enforcement action listed below: AB&T Financial Corporation, Gastonia, North Carolina Written Agreement issued May 7, 2012 Terminated Sept. 13, 2017 The enforcement action from May 2012 can be found here , and other enforcement actions can be searched for here.
By Fed Newswire | Sep 14, 2017
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: First Nebraska Bank, Valley, Nebraska Order of Assessment of a Civil Money Penalty, dated Sept. 13, 2017 Search of Federal Reserve enforcement actions.
By Fed Newswire | Sep 13, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the notice under section 4 of the Bank Holding Company Act by The Toronto-Dominion Bank, Toronto, Canada; TD Group US Holdings LLC, Wilmington, Delaware; and TD Bank US Holding Company, Cherry Hill, New Jersey (collectively, "TD"), to acquire ...
By Fed Newswire | Sep 13, 2017
News Release: The federal bank regulatory agencies today issued a joint notice of proposed rulemaking to amend their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
By Fed Newswire | Sep 12, 2017
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Markesan State Bank, Markesan, Wisconsin Written Agreement dated September 8, 2017 Enforcement actions can be searched for here.
By Fed Newswire | Sep 6, 2017
News Release: Stanley Fischer submitted his resignation Wednesday as Vice Chairman and as a member of the Board of Governors of the Federal Reserve System, effective on or around Oct. 13, 2017. He has been a member of the Board since May 28, 2014.
By Fed Newswire | Sep 6, 2017
News Release: The Federal Reserve today published, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey, a paper identifying updated tactics it will pursue to help improve the speed, safety and efficiency of the U.S. payment system.
By Fed Newswire | Sep 6, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 18(c) of the Federal Deposit Insurance Act by Synovus Bank, Columbus, Georgia, to acquire substantially all the assets of, and assume the deposit liabilities from, World's Foremost Bank, Sidney, Nebraska.
By Fed Newswire | Sep 6, 2017
News Release: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and state bank regulators recognize the serious impact of Hurricane Irma on the customers and operations of many financial institutions and will provide regulatory ...
By Fed Newswire | Sep 5, 2017
News Release: The Federal Reserve Board on Tuesday announced it is prohibiting Daniel X. Brennan, a former Mortgage Production Manager at Regions Bank, Birmingham, Alabama, from participating in the banking industry after determining he engaged in improper practices regarding residential mortgage origination.
By Fed Newswire | Sep 1, 2017
News Release: The Federal Reserve Board on Friday adopted a final rule to enhance financial stability by requiring U.S. global systemically important banking institutions (GSIBs) and the U.S. operations of foreign GSIBs to amend qualified financial contracts to prevent their immediate cancellation or termination if the firm enters bankruptcy or a resolution process.
By Fed Newswire | Aug 30, 2017
News Release: The Federal Reserve Board on Wednesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2018.
By Fed Newswire | Aug 30, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the proposal under section 4 of the Bank Holding Company Act of 1956 by Sterling Bancorp, Montebello, New York, to acquire Astoria Financial Corporation, Lake Success, New York, and thereby indirectly acquire Astoria's subsidiary savings association, Astoria Bank, Long Island City, New York.
