by Ken Chase | May 11, 2023 | Banks, News
The Federal Reserve released two separate reports this week that point to continuing financial risks for U.S. economic growth throughout 2023. The reports suggest that an acceleration of tightening lending standards and a contraction in credit could contribute to an...
by Ken Chase | May 5, 2023 | Banks, Business, News
The Federal Deposit Insurance Corporation (FDIC) recently released an overview of the nation’s deposit insurance system. That report, Options for Deposit Insurance Reform, includes proposed options for expanded deposit insurance. It arrives in the wake of several...
by Ken Chase | May 1, 2023 | Banks, News, Uncategorized
After a weekend of frantic negotiations, U.S. regulators seized First Republic Bank on Monday. The Federal Deposit Insurance Corporation (FDIC has brokered a deal for JPMorgan Chase to purchase the failed bank’s assets. According to a statement released by the agency,...
by Ken Chase | Apr 30, 2023 | Banks, News, Uncategorized
U.S. regulatory agencies this week confirmed that they are engaged in active monitoring of artificial intelligence in the financial industry. According to a group of agencies that included the Justice Department, Consumer Financial Protection Bureau (CFPB), and the...
by Ken Chase | Apr 29, 2023 | Banks, News
According to multiple media outlets, unnamed sources have reported that officials in the U.S. are working with financial firms to create a bank rescue solution for embattled First Republic Bank. Sources say that First Republic Bank could be taken into receivership by...
by Ken Chase | Apr 28, 2023 | Banks, News
The Federal Deposit Insurance Corporation (FDIC) and Federal Reserve issued reports on Friday that attempted to identify the reasons why two of the nation’s banks collapsed in March. According to those assessments, regulatory staff shortages played an important role...
