Emily's Feed
Jun 18, 2013

M&T Bank to fix anti-money laundering flaws, Fed says

WASHINGTON, June 18 (Reuters) – M&T Bank Corp will
put a comprehensive plan in place to fix problems with its
anti-money laundering policies that had caused regulators to put
a hold on its $3.7 billion bid to buy Hudson City Bancorp.

Buffalo, New York-based M&T Bank will submit a plan to the
U.S. Federal Reserve to improve its monitoring and reporting of
suspicious activity, the regulator said.

Jun 14, 2013

Exclusive: Deutsche Bank ‘horribly undercapitalized’ – U.S. regulator

WASHINGTON (Reuters) – A top U.S. banking regulator called Deutsche Bank’s capital levels “horrible” and said it is the worst on a list of global banks based on one measurement of leverage ratios.

“It’s horrible, I mean they’re horribly undercapitalized,” said Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig in an interview. “They have no margin of error.”

Jun 14, 2013

Deutsche Bank “horribly undercapitalized”-US regulator

WASHINGTON, June 14 (Reuters) – A top U.S. banking regulator
called Deutsche Bank’s capital levels “horrible” and
said it is the worst on a list of global banks based on one
measurement of leverage ratios.

“It’s horrible, I mean they’re horribly undercapitalized,”
said Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig
in an interview. “They have no margin of error.”

Jun 6, 2013

Fed’s Raskin calls for simpler capital rules, decries delays

WASHINGTON (Reuters) – A Federal Reserve official on Thursday will call on regulators to write simpler capital rules, saying delays in finishing up the requirements could hurt banks’ balance sheets.

Fed Governor Sarah Bloom Raskin said in remarks prepared for a speech at Ohio Bankers Day in Columbus that regulators should reduce market uncertainty by writing rules to implement the international capital accord known as Basel III.

Jun 4, 2013

Regulators propose scrutiny of AIG, Prudential, GE Capital

WASHINGTON (Reuters) – Regulators on Monday proposed designating American International Group Inc, Prudential Financial Inc and GE Capital for heightened regulatory oversight, in a long-anticipated move aimed at cracking down on risks to markets.

A group of regulators known as the Financial Stability Oversight Council said it had voted to propose dubbing certain non-bank financial companies “systemically important,” or so big their failure could destabilize financial markets.

Jun 4, 2013

U.S. regulators propose scrutiny of AIG, Prudential, GE Capital

WASHINGTON, June 3 (Reuters) – U.S. regulators on Monday
proposed designating American International Group Inc,
Prudential Financial Inc and GE Capital for heightened
regulatory oversight, in a long-anticipated move aimed at
cracking down on risks to markets.

A group of regulators known as the Financial Stability
Oversight Council said it had voted to propose dubbing certain
non-bank financial companies “systemically important,” or so big
their failure could destabilize financial markets.

Jun 4, 2013

U.S. regulators propose new oversight of AIG, Prudential

WASHINGTON (Reuters) – U.S. regulators on Monday proposed designating non-bank financial companies including American International Group (AIG.N: Quote, Profile, Research) and Prudential Financial (PRU.N: Quote, Profile, Research) for heightened regulatory oversight.

A group of regulators known as the Financial Stability Oversight Council said it had voted to propose dubbing certain companies “systemically important,” or so big their failure could destabilize financial markets, in a long-anticipated and controversial move aimed at cracking down on risks.

Jun 3, 2013

Regulators propose new oversight of AIG, Prudential

WASHINGTON (Reuters) – Regulators on Monday proposed designating non-bank financial companies including American International Group and Prudential Financial for heightened regulatory oversight.

A group of regulators known as the Financial Stability Oversight Council said it had voted to propose dubbing certain companies “systemically important,” or so big their failure could destabilize financial markets, in a long-anticipated and controversial move aimed at cracking down on risks.

Jun 3, 2013

Regulators propose set of non-banks for new oversight

WASHINGTON (Reuters) – Regulators on Monday proposed declaring that certain non-bank financial companies are so large their collapse could destabilize the financial system, in a long-anticipated and controversial move aimed at cracking down on risks to markets.

A final decision by the group of regulators, known as the Financial Stability Oversight Council, to dub companies “systemically important” would trigger extra regulatory scrutiny of those firms by the Federal Reserve.

Jun 3, 2013

U.S. regulators propose set of non-banks for new oversight

WASHINGTON, June 3 (Reuters) – U.S. regulators on Monday
proposed declaring that certain non-bank financial companies are
so large their collapse could destabilize the financial system,
in a long-anticipated and controversial move aimed at cracking
down on risks to markets.

A final decision by the group of regulators, known as the
Financial Stability Oversight Council, to dub companies
“systemically important” would trigger extra regulatory scrutiny
of those firms by the Federal Reserve.