Small businesses’ profitability and their success applying for financing held steady from 2017 to 2018, according to the latest Small Business Credit Survey—a joint effort by the 12 regional Federal Reserve Banks—released today.
Regulatory agencies are focused on the growth of credit risk outside the banking industry, according to remarks by top officials at the ABA Washington Summit today.
Prominent on the Financial Stability Board’s 2019 agenda are the role of big technology firms in financial services and the growth of shadow banking, Federal Reserve Vice Chairman for Supervision Randal Quarles said in a speech in Germany today.
Bank-like activity by nonbanks that poses financial stability risks grew by $4.4 trillion, or 8.5 percent, in 2017, according to the Basel, Switzerland-based Financial Stability Board today.
Nonbank fintech company Robinhood, an online brokerage firm, has backtracked on plans to offer what it called a “checking and savings” account that would have paid 3 percent interest with no fees.
With a powerful personal story and real-world banking experience, Jelena McWilliams is shaking up the FDIC.
The Federal Reserve is watching growth in the leveraged loan sector with an eye to its systemic implications, Federal Reserve Vice Chairman for Supervision Randal Quarles told the Senate Banking Committee today.
In the previous quarter, banks eased terms and standards for business loans, while tightening slightly on commercial real estate loans and easing in most residential mortgage loan categories, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
The FDIC is pivoting to focus on innovation and simplicity in supervision, FDIC Chairman Jelena McWilliams told attendees at ABA’s Annual Convention in New York today.
As more consumers seek to use various nonbank fintech solutions that depend on bank-based data, the Financial Services Information Sharing and Analysis Center today launched Financial Data Exchange, or FDX, an organization that will facilitate the secure sharing of customers’ data.