Regulation

A pullback in reserves helped drive another solid profit for banks and thrifts last quarter, but the Federal Deposit Insurance Corp.'s assessment of the industry's health Tuesday was tempered by mortgage fallout concerns.

The inclusion of one word in the Dodd-Frank law is raising concerns among bankers that it will lead to a ban on certain financial products or services.

Canada's Industry Regulatory Organization has proposed the implementation of single-stock circuit breakers.

The Securities and Exchange Commission has named Jennifer B. McHugh as acting director of the division of investment management, replacing Andrew “Buddy” Donohue, who left Friday after four years heading the division.

The FBI raided the offices of three hedge funds Monday, beginning its investigation into insider trading, The Wall Street Journal reports, citing people familiar with the matter. The FBI is planning to raid additional hedge funds, they said.

The papers reported over the weekend that the SEC, FBI and the office of Manhattan U.S. attorney Preet Bharara are readying insider-trading charges against numerous financial professionals.

Two former back office assistants of Bernard Madoff were arrested Thursday, after the Securities and Exchange Commission Thursday charged the employees with helping to create phony account statements for his multibillion dollar fraud.

The Securities and Exchange Commission is reportedly investigating a complex $1 billion investment deal Citigroup Inc. arranged leading up to the financial crisis.

The FDIC Chairman discussed her priorities for the rest of her term, and the many bankers who think she is too focused on consumer protection will be surprised to hear her list.

A state regulator fined a Bank of America investment unit for allowing its advisors to mislead clients about bonds related to government sponsored enterprises.