Category: Regulations

October 18, 2018

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]

October 5, 2018

COPENHAGEN — Danske Bank, which last month acknowledged failing to prevent suspected money laundering at its Estonian branch, has now drawn the attention of United States authorities. In a statement on its website, the Danish lender said it was cooperating […]

October 2, 2018

Banks with more than $250 billion in assets could see regulatory relief as the Federal Reserve continues to review regulations, the central bank’s vice chair for supervision of financial institutions said Tuesday. Speaking to members of the Senate, Fed Governor […]

September 14, 2018

Speaking at last month’s economic policy symposium in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell described vividly the challenges that central bankers face in a world of constant change and uncertainty. These challenges make it impossible for the Fed […]

September 10, 2018

The world of corporate governance today has a brighter spotlight on boards of directors than ever before. While bank regulatory relief has provided a long-awaited respite, bank examiners seem to be zeroing in on governance, director performance and board succession. […]

September 7, 2018

According to sources that spoke with Business Insider, executives recently came to the conclusion that many steps still need to be taken, most of them outside the bank’s control, before a regulated bank would be allowed to trade cryptocurrencies. However, […]

September 5, 2018

U.S. Bank will combine Community Banking & Branch Delivery and Consumer Banking Sales & Support organizations U.S. Bank also announces new, enterprise-focused Chief Digital Officer role that will report to the CEO U.S. Bank announced today that John Elmore, vice […]

August 29, 2018

A national banking regulator took the first step Tuesday toward rewriting rules for lending in lower-income neighborhoods, an effort that could allow institutions to redirect billions of dollars spent on loans and investments. In a release seeking feedback from the […]

August 16, 2018

U.S. Bank named industry veteran Jodi Richard its new vice chairman and chief risk office. Richard will oversee the company’s Risk Management and Compliance efforts and will succeed P.W. Parker, who is retiring in the fall. Richard will also join […]

August 8, 2018

On the heels of the Securities and Exchange Commission’s decision to deny the Winklevoss twins their application for a digital asset-related exchange-traded-fund, bitcoin pundits are wondering what’s thwarting the first ETF underpinned by bitcoin. Here are some of the main […]