Bank channel

Speaking Monday in Washington to a conference of the Council of Institutional Investors, Bair also reiterated her agency's hopes to tie a bank's compensation structure to its deposit insurance rate.

WASHINGTON — As the Senate prepares to debate regulatory reform legislation, Sen. Carl Levin is using the failed Washington Mutual Inc. as evidence that the bill's most contentious provisions are necessary.

The Office of the Comptroller of the Currency announced the year's 42nd failure late Friday.

Or so it would seem as execs, regulators refuse to take blame

McWhinney’s wealth management shakeup sends transaction brokers flying, but may set the stage for bank brokerage’s evolution.

Position shift could impact reg reform bill

If it were simpler to explain, address or even pronounce, interconnectedness might have been the primary target of financial system reformers.

Asset management firm's acquisition by Ameriprise will likely close within 30 days and lead to departures of fixed-income professionals

From its inception, a key pitch for legislation to rework the regulatory system has been that it will provide regulators with more tools to prevent another banking crisis. Yet the most highlighted provisions of both the House and Senate bills would give regulators authority they already have, and so far have largely ignored.

Jamie Dimon delivered a message that some pundits and lawmakers have been waiting for a while to hear from the country's bankers: an apology for helping ruin the economy.

As the distressed-asset market begins to stabilize, the Federal Deposit Insurance Corp. is shaking up the way it handles failed banks and their assets.

Fixed and variable annuities sales are very sluggish, while mutual fund sales have taken off.

State regulators are urging Senate Banking Committee Chairman Chris Dodd to change a provision in the regulatory reform bill that they claim would force most large state banks to convert to national charters.

Privately held companies that received money from the Troubled Asset Relief Program are starting to worry about paying it back.

RBS plans to open more branches in markets where it has a small presence and to test the waters in Florida, the Carolinas and several other Southeastern states with automated teller machines, said Martin Bischoff, a vice chairman who runs consumer and business banking for RBS' U.S. operation.

With the Treasury Department planning what essentially could amount to a series of frequent block sales between now and the end of the year, investment companies, pension funds and mutual funds could find an easy way into the stock that would allow Citi, notable among big banking companies for its retail-heavy investor base, to narrow the gap with sector peers.

Four more banks failed Friday night totaling $1.2 billion in assets and costing the Federal Deposit Insurance Corp. an estimated $320 million.

So, banks have finally come around to looking at compensation through the lens of risk management. Not to be too cynical, but even this has its limitations.

WASHINGTON — A federal judge in Manhattan has refused to dismiss class action claims filed by local governments alleging that Wells Fargo & Co. and 15 other banks, broker-dealers and investment brokers conspired to rig bids and fix prices of guaranteed investment and derivatives contracts in the municipal market.

The Obama administration plans to announce Friday that it is revamping its foreclosure prevention plan to encourage lenders to offer principal write downs to troubled borrowers.