by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. When U.S. officials confirmed that the economy had contracted in the second quarter of 2022—the second consecutive quarter of negative growth—the average American could be excused for assuming that the announcement meant that the U.S. was officially in...
by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. The Federal Reserve confirmed Thursday that it has recruited six of the largest U.S. banks as participants in its planned climate scenario analysis exercise. In a press release announcing the exercise, the Fed said that the pilot exercise will be...
by Ken Chase | Oct 5, 2022 | Banks, Market
OCC Ends 2020 Capital One Consent Order By: Ken Chase. The U.S. Office of the Comptroller of the Currency (OCC) announced this week that it has terminated a 2020 consent order related to a 2019 Capital One data breach. In its announcement, the OCC confirmed that it...
by Ken Chase | Sep 19, 2022 | Banks, Market
By: Ken Chase. Two of the largest U.S. banks have formally ended their Covid-19 vaccine requirements for employees in the last week, in a nod to the most recent pandemic guidelines from the U.S. Centers for Disease Control and Prevention. According to some observers,...
by Ken Chase | Sep 19, 2022 | Banks, Market
By: Ken Chase. The Office of the Comptroller of the Currency recently confirmed that the OCC will be cutting assessment rates for all banks next year in a move that is expected to “level the playing field” for the nation’s community banks. According to acting...
