ABA urges relief from new tax on failed bank purchasers
A new tax created by the passage of the Inflation Reduction Act in 2022 could discourage mid-sized financial institutions from ...
Tag: Bank closures
Fed’s Barr: Bank failures may prompt reexamination of liquidity requirements
The speed at which deposits left Silicon Valley Bank and Signature Bank, as well as concerns regarding banks’ ability to ...
ABA raises concerns about FDIC’s proposed resolution plan changes
The FDIC’s proposed new requirements for resolution plans for certain banks contain several aspects that would be impractical to implement, ...
IG Report: FDIC ‘missed opportunities’ in First Republic Bank supervision
The FDIC missed opportunities to take earlier supervisory actions and downgrade First Republic Bank before its failure in May, according ...
FDIC issues final special assessment to recover Deposit Insurance Fund losses
The FDIC approved a final special assessment to recover the hit to the Deposit Insurance Fund resulting from the agency’s ...
Former OCC head: Bank regulators should return to focusing on core issues
Banking supervisors need to focus on the “big issues” of safety and soundness and get away from trying to manage ...
Third-party review finds faults in FDIC supervision of Signature Bank
FDIC examiners missed multiple opportunities to downgrade Signature Bank’s management component rating and escalate concerns before its failure in March, ...
Fed’s Bowman seeks third-party review of bank failure response
Federal Reserve Governor Michelle Bowman reiterated her call for an independent, third-party review of the Fed’s response to the recent ...
Watchdog finds problems with FDIC large bank alternative liquidation program
In the more than 12 years since the FDIC was given the authority to liquidate systematically important financial intuitions when ...
Watchdog report finds flaws in Fed’s supervision of SVB
Federal Reserve supervisors failed to adjust their approach to Silicon Valley Bank as the institution grew in size, and they ...
