Banking & Capital Markets

Citigroup Fined $400M Over Risk System Defects
Risk Management

Citigroup Fined $400M Over Risk System Defects

“The public rebuke marks a major escalation of regulators’ efforts to get Citigroup to fix its risk systems."
By Matthew Heller | October 8, 2020
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Banks Wary of Fed’s Main Street Loan Program
Credit & Capital

Banks Wary of Fed’s Main Street Loan Program

Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
By Matthew Heller | September 30, 2020
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Nio Trades Down After Upsized Equity Offering Prices at Discount
Technology

Nio Trades Down After Upsized Equity Offering Prices at Discount

With the offering, the Chinese electric vehicle company expects its cash reserves to exceed $2.9 billion.
By Lauren Muskett | August 31, 2020
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Ally Financial’s Profit Drops by More Than Half
Financial Performance

Ally Financial’s Profit Drops by More Than Half

“We saw steady improvement throughout the [second] quarter as shelter-in-place orders eased and dealers quickly adapted to the COVID environment."
By Matthew Heller | July 20, 2020
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Fed Clamps Down on Bank Capital Distributions
Risk & Compliance

Fed Clamps Down on Bank Capital Distributions

The regulator is seeking to “ensure large banks remain resilient despite the economic uncertainty" from the coronavirus pandemic.
By Matthew Heller | June 26, 2020
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U.S. Banks’ Profits Sink 69% to $18.5B in Q1
Financial Performance

U.S. Banks’ Profits Sink 69% to $18.5B in Q1

Banks diverted earnings to reserves for "newly risky loans as the coronavirus tanked credit health and plunged the U.S. into a recession."
By Matthew Heller | June 17, 2020
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W.Va. Bank Fails After Years of Financial Woes
Regulation

W.Va. Bank Fails After Years of Financial Woes

First State Bank had "experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015,” the FDIC says.
By Matthew Heller | April 6, 2020
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Fed Offers Liquidity to Foreign Central Banks
Risk & Compliance

Fed Offers Liquidity to Foreign Central Banks

The new FIMA Repo Facility is the Fed's latest move to relieve stresses in financial markets resulting from the coronavirus crisis.
By Matthew Heller | March 31, 2020
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Fed Loosens Examination Reins on Banks
Risk & Compliance

Fed Loosens Examination Reins on Banks

The Fed is reducing its focus on exams to “minimize disruption and burden" on banks during the coronavirus crisis.
By Matthew Heller | March 25, 2020
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Square Analysts React to FDIC’s Conditional Banking License Approval
Credit & Capital

Square Analysts React to FDIC’s Conditional Banking License Approval

The fintech company began its bid for a banking charter over two years ago.
By Lauren Muskett | March 20, 2020
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Plan Now for an Orderly Transition from Libor
Corporate Finance

Plan Now for an Orderly Transition from Libor

Complying with the switch to alternative risk-free rates will be a massive undertaking for financial institutions and other companies.
By David McCann | March 10, 2020
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Fed Adopts ‘Stress Capital Buffer’ for Big Banks
Risk & Compliance

Fed Adopts ‘Stress Capital Buffer’ for Big Banks

The new buffer will use the results from the Fed's stress tests to help determine banks' capital requirements.
By Matthew Heller | March 5, 2020
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Banks’ Stress Tests to Focus on Leveraged Lending
Regulation

Banks’ Stress Tests to Focus on Leveraged Lending

The 2020 tests will give the Fed "increased information on how leveraged loans and collateralized loan obligations may respond to a recession."
By Matthew Heller | February 7, 2020
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Fed Proposes Paring Back Volcker Rule
Corporate Finance

Fed Proposes Paring Back Volcker Rule

The new proposal would expand the rule’s exemptions to allow banks to invest in or operate venture capital funds and credit funds.
By Lauren Muskett | January 31, 2020
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Former Wells Fargo CEO Banned From Banking
Risk & Compliance

Former Wells Fargo CEO Banned From Banking

A regulator also fined John Stumpf $17.5 million for failures of leadership that contributed to the bank's fake-accounts scandal.
By Matthew Heller | January 24, 2020
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