Category: banking
-
Fed's Bowman Calls for Modernizing Financial Regulation in Atlantic Council Speech
Federal Reserve Vice Chair for Supervision Bowman addressed the Atlantic Council 2026 CEO & Senior Management Summit in Washington, D.C., outlining her views on modernizing financial regulation.
BusinessPolitics and GovernmentUSABankingEconomyFederal GovernmentFinancial Markets Federal ReserveBowmanfinancial regulationAtlantic CouncilWashington, D.C.Board of Governorsbanking supervisionU.S. Federal Reserve
-
Fed Vice Chair Jefferson to Speak on U.S. Economy and Monetary Policy at University of Virginia
Federal Reserve Vice Chair Jefferson is set to deliver a speech on the U.S. economy and monetary policy at the Darden School of Business at the University of Virginia in Charlottesville.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentEducation Federal ReserveJeffersonMonetary PolicyU.S. EconomyDarden School of BusinessUniversity of VirginiaCharlottesvilleU.S. Federal Reserve
-
Treasury Targets A7 Network Shadow Banking Ring Used by Iran to Evade Sanctions
FinCEN proposes rule barring fund transmittals tied to the A7 Network's Sub-Agents and issues an alert to help banks spot suspicious activity, as OFAC sanctions the Russia-linked network.
Politics and GovernmentBusinessLaw EnforcementUSAIranRussiaFederal GovernmentBankingFinancial MarketsLegalMilitary A7 NetworkFinCENIran sanctions evasionOffice of Foreign Assets ControlOperation Economic Outcastshadow bankingFinancial Crimes Enforcement Network
-
OCC Releases CRA Performance Evaluations for 13 National Banks and Federal Savings Associations
The OCC published Community Reinvestment Act ratings for 13 institutions covering September 2026, with three banks earning Outstanding and the rest rated Satisfactory.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Community Reinvestment ActOffice of the Comptroller of the CurrencyCRA performance evaluationsnational banksfederal savings associationsbank regulationMidCountry BankOffice of the Comptroller of the Currency (OCC)
-
Treasury Sanctions A7 Network, a Russian-Tied Shadow Banking Web Used by Iran to Evade Sanctions
FinCEN proposes rule barring fund transmittals tied to A7 Network Sub-Agents and issues an alert, while OFAC designates the network a significant transnational criminal organization.
Politics and GovernmentBusinessLaw EnforcementUSAIranRussiaFederal GovernmentBankingFinancial MarketsLegalMilitaryMiddle East A7 NetworkU.S. Department of the TreasuryFinCENOFACIran sanctions evasionOperation Economic OutcastScott BessentUS Treasury
-
USDA Announces October 2026 Lending Rates for Agricultural Producers
USDA announces October 2026 loan interest rates effective Oct. 1, with Farm Service Agency loans offering producers access to capital to start or expand operations.
BusinessPolitics and GovernmentAgricultureEconomyFederal GovernmentBanking USDAFarm Service AgencyOctober 2026 lending ratesagricultural producersloan interest ratesWashington, D.C.
-
SEC's Division of Examinations Announces New Exam Handbook
The SEC's Division of Examinations published a new handbook replacing its previous examination brochure, offering a practical guide on process and engagement for the firms it examines.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsLegalBanking SECDivision of ExaminationsSEC Exam HandbookSecurities and Exchange CommissionFinancial RegulationExam Handbook
-
Treasury Completes Automatic Enrollment for Trump Accounts, Opening Path for 60 Million More Children
Treasury says automatic enrollment for Trump Accounts is complete, giving every eligible child under 18 with a Social Security number an account that parents must claim to unlock a $1,000 seed contribution.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingSocial Issues Trump AccountsU.S. Department of the TreasuryScott Bessentautomatic enrollmenttax-advantaged investment accountsSocial Security numberphilanthropic contributionsUS Treasury
-
Media Monitor: ICIJ Reports Treasury Exemption for Russia-Linked Copper Mine Deal, Huawei Trial and China Capital Fallout
ICIJ reports a U.S. Treasury sanctions exemption let a Texas firm tied to a Trump donor buy Armenia's Teghut copper mine from Russia's VTB Bank, plus Huawei trial and China Capital fallout.
BusinessPolitics and GovernmentLaw EnforcementMediaUSAChinaMaltaBankingFinancial MarketsLegalEconomyMedia Bias ICIJVTB BankKonstantin SokolovTeghut copper mineU.S. Treasury sanctions exemptionHuaweiChina Capital investigation
-
Fed Governor Cook to Address Dual Mandate in Rural America
Federal Reserve Governor Cook will speak on the dual mandate in rural America at the 2026 Investing in Rural America Conference hosted by the Richmond Fed in Asheville, North Carolina.
BusinessPolitics and GovernmentUSAEconomyFederal GovernmentBankingEmployment and Labor Federal ReserveGovernor Cookdual mandaterural AmericaFederal Reserve Bank of RichmondAshevilleNorth CarolinaU.S. Federal Reserve
-
SEC Charges Meyer Global Management and CEO Owen Meyer With Defrauding Retail Investors in Pre-IPO Funds
The SEC has charged private fund adviser Meyer Global Management and CEO Owen E.H. Meyer with defrauding investors in funds holding interests in SpaceX and other pre-IPO securities.
BusinessLaw EnforcementUSAFinancial MarketsLegalBanking SECMeyer Global ManagementOwen E.H. MeyerSpaceXpre-IPO securitiesprivate fundsretail investors
-
OCC Issues Revised "Concentrations of Credit" Handbook Booklet
OCC releases version 3.0 of its Concentrations of Credit booklet, rescinding the 2020 edition, with new guidance on securitizations, correlations and risk management practices for banks of all sizes.
BusinessBankingFinancial MarketsLegalFederal Government Office of the Comptroller of the CurrencyConcentrations of CreditComptroller's HandbookOCC Bulletin 2020-90bank supervisioncredit risksecuritizationsOffice of the Comptroller of the Currency (OCC)
-
OCC: Bank Trading Revenue Jumps 30.6% to $21.6B in Q2 2026
U.S. commercial banks and savings associations posted $21.6 billion in second-quarter 2026 trading revenue, up 32.5% from the prior quarter, as derivative notional amounts rose to $300.5 trillion.
BusinessBankingFinancial MarketsEconomyFederal GovernmentUSA Office of the Comptroller of the Currencybank trading revenuederivativesU.S. commercial bankssavings associationsinterest rate productsQuarterly Report on Bank Trading and Derivatives ActivitiesOffice of the Comptroller of the Currency (OCC)
-
Treasury Sanctions Tren de Aragua ATM Jackpotting Network After Millions Stolen From U.S. Banks
OFAC designated 10 targets tied to a Tren de Aragua ATM jackpotting scheme that has stolen millions from U.S. financial institutions, including a fugitive on the FBI's Ten Most Wanted list.
Politics and GovernmentLaw EnforcementBusinessUSAVenezuelaMexicoFederal GovernmentBankingLegalFinancial MarketsComputers and Internet Tren de AraguaOFACATM jackpottingU.S. Department of the TreasuryScott BessentAnibal Alexander Canelon AguirresanctionsUS Treasury
-
Treasury and Education Departments Launch Online Portal for Defaulted Student Loan Borrowers
New Defaulted Loans Support Center lets borrowers with defaulted federal student loans apply online to rehabilitate or consolidate, replacing decades-old paper processes, Treasury and Education announce.
Politics and GovernmentBusinessEducationFederal GovernmentEconomyBankingFinancial MarketsSocial Issues Defaulted Loans Support CenterU.S. Department of the TreasuryU.S. Department of Educationfederal student loansstudent loan defaultTreasury-ED Federal Student Assistance Partnershiploan rehabilitationUS Treasury
-
Federal Reserve Finalizes Changes to Stress Test Transparency and Capital Requirements
The Federal Reserve Board has finalized changes aimed at enhancing transparency and public accountability in its stress tests while reducing volatility in stress test-related capital requirements.
BusinessPolitics and GovernmentUSABankingFinancial MarketsFederal GovernmentEconomy Federal Reserve Boardstress testcapital requirementsbank regulationfinancial regulationBoard of Governors of the Federal Reserve SystemWashington DCU.S. Federal Reserve
-
OCC Comptroller Gould Votes Against Resolution Plan Feedback for American Express, Calls for Dodd-Frank Reforms
Comptroller of the Currency Jonathan V. Gould voted against joint FDIC and Federal Reserve resolution plan feedback to American Express, saying the process remains unclear and unfair and urging reforms to Section 165(d).
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Jonathan V. GouldOffice of the Comptroller of the CurrencyAmerican ExpressFederal Deposit Insurance CorporationFederal Reserve BoardDodd-Frank Act Section 165(d)Resolution PlanningOffice of the Comptroller of the Currency (OCC)
-
Financial Stability Oversight Council Meets on Q3 Monitoring, Household Resilience and Regulatory Reform
Treasury Secretary Scott Bessent convened the Financial Stability Oversight Council, which heard updates on third-quarter financial stability, household resilience and banking supervision reform, and approved a $9.3 million FY2027 budget.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingFinancial MarketsLegal Financial Stability Oversight CouncilScott BessentU.S. Department of the Treasuryfinancial stabilitybanking supervisionhousehold resiliencefraudUS Treasury
-
Federal Reserve and Agencies Publish Resolution Plan Feedback Letters for 15 Banking Organizations
Federal banking agencies released resolution plan feedback letters for 15 banking organizations, detailing their assessments of how the firms could be wound down in an orderly way.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomy Federal ReserveResolution PlansBanking OrganizationsBoard of GovernorsFederal Reserve SystemBank RegulationFinancial RegulationU.S. Federal Reserve
-
Fed Governor Waller to Address Payments in the Age of AI Agents at Sibos 2026
Federal Reserve Governor Waller will speak on payments in the age of AI agents at Sibos 2026 in Miami, Florida, the Fed board has announced.
BusinessScience & TechnologyUSABankingArtificial IntelligenceFinancial MarketsFederal Government Federal ReserveGovernor WallerSibos 2026MiamiFloridaAI agentspaymentsU.S. Federal Reserve
-
Fed Governor Barr to Speak on Economic Conditions and Monetary Policy at Detroit Economic Club
Federal Reserve Governor Barr will address the Detroit Economic Club in Detroit, Michigan, delivering a speech on economic conditions and monetary policy, released by the Fed's Board of Governors.
BusinessPolitics and GovernmentUSAEconomyFederal GovernmentBankingFinancial Markets Federal ReserveBarrMonetary PolicyEconomic ConditionsDetroit Economic ClubDetroitMichiganU.S. Federal Reserve
-
Fed's Bowman to Address Community Bank Cyber Workshop in Denver
Federal Reserve Vice Chair for Supervision Bowman delivers opening remarks at the Community Bank Cyber Workshop in Denver, Colorado, via pre-recorded video.
BusinessScience & TechnologyUSABankingComputers and InternetFederal GovernmentEconomy Federal ReserveBowmanCommunity Bank Cyber WorkshopDenverColoradocybersecuritycommunity banksU.S. Federal Reserve
-
Mayor Bass to Address San Fernando Valley Business Leaders Tuesday
Los Angeles Mayor Karen Bass will speak to San Fernando Valley business leaders about small business support, after celebrating Banc of California's new 40,000 square foot downtown office.
Politics and GovernmentBusinessUSAState GovernmentsEconomyBankingReal Estate Karen BassLos AngelesSan Fernando Valleysmall businessesBanc of CaliforniaJared WolffDowntown L.A.
-
Mayor Bass Celebrates Grand Opening of Banc of California's New 40,000 Square Foot Downtown L.A. Office
Banc of California opens a 40,000 square foot office in Downtown Los Angeles, a boost to revitalization efforts, as CEO Jared Wolff is named the next chair of Mayor Bass's Executive Business Cabinet.
BusinessPolitics and GovernmentBankingEconomyState GovernmentsEmployment and Labor Karen BassBanc of CaliforniaJared WolffDowntown Los AngelesExecutive Business CabinetCity Contract Financing ProgramLA Convention CenterLA Mayors Office
-
Bessent Urges Lebanon to Disrupt Hizballah Financial Networks
Treasury Secretary Scott Bessent met Lebanese Prime Minister Nawaf Salam and Finance Minister Yassine Jaber, pressing for action against Iranian and Hizballah financial networks and banking reforms.
Politics and GovernmentBusinessUSALebanonFederal GovernmentBankingMiddle EastEconomy Scott BessentNawaf SalamYassine JaberHizballahIranU.S. Department of the TreasuryUS Treasury
-
SEC Charges Investment Adviser Zoe Financial Over Undisclosed Conflicts of Interest
The SEC announced settled charges against New York-based investment adviser Zoe Financial Inc. for failing to fully and fairly disclose material facts about conflicts of interest to clients and prospective clients.
BusinessLaw EnforcementUSAFinancial MarketsLegalBanking Securities and Exchange CommissionZoe Financial Inc.investment adviserconflict of interestsettled chargesNew Yorkdisclosure
-
Comptroller Gould Tells Military Banking Summit Regulatory Framework Must Support Military Community
Comptroller of the Currency Jonathan V. Gould told the Military Banking Summit that supervisors must back banks serving servicemembers, veterans and military families, saying a Community Bank Comeback must include them.
BusinessPolitics and GovernmentBankingFederal GovernmentMilitaryEconomy Office of the Comptroller of the CurrencyJonathan V. GouldMilitary Banking Summitmilitary bankscommunity banksbank supervisionveteransOffice of the Comptroller of the Currency (OCC)
-
SEC Officials Issue Statement on Fair Value Measurement for Private Assets
SEC Chief Accountant Kurt Hohl and Investment Management Director Brian Daly released a statement on fair value measurement and disclosure considerations for private assets.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsBankingLegal Securities and Exchange CommissionKurt HohlBrian Dalyfair value measurementprivate assetsDivision of Investment Managementfinancial disclosure
-
Treasury Secretary Bessent Names Dr. David Zervos as Counselor in the Office of the Secretary
Veteran market strategist David Zervos joins Treasury as a Counselor, bringing 35 years of experience across global markets, central banking and macroeconomic analysis to the Office of the Secretary.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyFinancial MarketsBankingEmployment and Labor David ZervosScott BessentU.S. Department of the TreasuryOffice of the SecretaryJefferies LLCFederal ReserveGovernment AppointmentUS Treasury
-
Federal Reserve Board Approves Peoples Bancorp Inc. Application
The Federal Reserve Board announced approval of an application by Peoples Bancorp Inc., releasing the order through its official press release channel.
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial Markets Federal Reserve BoardPeoples Bancorp Inc.application approvalBoard of GovernorsFederal Reserve Systembanking regulationWashington DCU.S. Federal Reserve