By Fed Newswire | Jul 24, 2017
News Release: The Federal Reserve Board on Monday announced it is prohibiting a former foreign exchange (FX) trader from participating in the banking industry for practices regarding FX pricing benchmarks.
By Fed Newswire | Jul 24, 2017
News Release: The Federal Reserve Board on Monday announced guidelines for banking entities seeking an extension to conform certain "seeding" investments in hedge funds or private equity funds ("covered funds") to the requirements of section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule. Seeding refers to the period during which a banking entity provides a new fund with initial equity to permit the fund to attract investors.
By Fed Newswire | Jul 21, 2017
News Release: Five federal financial regulatory agencies today announced that they are coordinating their respective reviews of the treatment of certain foreign funds under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, and the agencies' implementing regulations.
By Fed Newswire | Jul 19, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the applications under section 9 of the Federal Reserve Act by Regions Bank, Birmingham, Alabama, to establish branches in Georgia, Indiana, Missouri, Tennessee, and Texas.
By Fed Newswire | Jul 19, 2017
News Release: Responding to concerns about the time and cost associated with completing real estate transactions, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued a notice of proposed rulemaking to raise the threshold for commercial real estate transactions requiring an appraisal to $400,000.
By Fed Newswire | Jul 17, 2017
News Release: The Federal Reserve Board on Monday announced that it will fine BNP Paribas S.A. and certain of its U.S. subsidiaries $246 million for the firm's unsafe and unsound practices in the foreign exchange (FX) markets.
By Fed Newswire | Jul 11, 2017
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from June 5 and June 14, 2017.
By Fed Newswire | Jul 7, 2017
News Release: The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Veritex Holdings, Inc., to merge with Sovereign Bancshares, Inc., and thereby indirectly acquire Sovereign Bank, all of Dallas, Texas. The Board also approved the applications, ...
By Fed Newswire | Jul 6, 2017
News Release: The Federal Reserve Board on Thursday announced the appointment of Mark E. Van Der Weide as its General Counsel, effective later this summer.
By Fed Newswire | Jul 5, 2017
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 13-14, 2017. 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 | Jul 5, 2017
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Wednesday posted the public portions of annual resolution plans for eight large financial firms.
By Fed Newswire | Jul 3, 2017
News Release: Federal Reserve Chair Janet L. Yellen was treated at King Edward VII hospital in London over the weekend for a urinary tract infection. She was admitted Friday and released Monday. She is returning to Washington, D.C., and expects to resume her schedule as planned this week.
By Fed Newswire | Jun 30, 2017
News Release: Consumers wrote nearly two-thirds fewer checks per household in 2015 than in 2000, while total noncash payments per household, which includes not only checks but also card payments and electronic transfers via the automated clearinghouse (ACH) system, expanded almost 95 percent, according to additional results released today from the 2016 Federal Reserve Payments Study.
By Fed Newswire | Jun 29, 2017
News Release: The Federal Reserve Board will publish the July 2017 Monetary Policy Report to the Congress at 11 a.m. EDT on July 7, in order to allow members of Congress and the public time to review the report in advance of Chair Yellen's scheduled testimony on July 12. Chair Yellen's opening statement will be released at 8:30 a.m. EDT on July 12.
By Fed Newswire | Jun 29, 2017
News Release: The Federal Reserve Board on Thursday released its annual determination of the aggregate consolidated liabilities of financial companies as required by section 622 of the Dodd-Frank Act. The act prohibits a financial company from combining with another company if the resulting company's liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies.
By Fed Newswire | Jun 28, 2017
News Release: The Federal Reserve Board on Wednesday announced it has completed its review of the capital planning practices of the nation's largest banks and did not object to the capital plans of all 34 bank holding companies participating in the Comprehensive Capital Analysis and Review (CCAR). However, the Board is requiring one firm to address weaknesses in its capital planning process and resubmit its capital plan by the end of 2017.
By Fed Newswire | Jun 27, 2017
News Release: The Federal Reserve Board on Tuesday announced the appointment of Ricardo A. Aguilera as director of the Division of Financial Management and chief financial officer, effective June 26.
By Fed Newswire | Jun 27, 2017
News Release: The Federal Reserve Board on Tuesday announced a $3 million fine against Bank of New York Mellon Corporation (BNY Mellon) for unsafe and unsound practices after the firm improperly assigned a lower risk weighting to a portfolio of assets, reducing the firm's risk-based capital ratios.
By Fed Newswire | Jun 22, 2017
News Release: The nation's largest bank holding companies have strong capital levels and retain their ability to lend to households and businesses during a severe recession, according to the results of supervisory stress tests released Thursday by the Federal Reserve Board.
By Fed Newswire | Jun 21, 2017
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2017 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition.
