U.S. lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and looming tougher liquidity rules that could particularly impact mid-sized banks. The buildup is another example of a risk-averse approach from a sector still trying to ...Read More

U.S. regulators on Tuesday unveiled plans to force regional banks to issue debt and bolster their so-called living wills, steps meant to protect the public in the event of more failures. American banks with at least $100 billion in assets would be subject to the new ...Read More

In the wake of this year’s banking crisis, the Federal Deposit Insurance Corporation (FDIC) is pressing banks to fix the way they report uninsured deposits, or those that exceed the agency’s $250,000 insurance limit. In a statement, the FDIC said that certain banks “are not reporting ...Read More

A plan by the top U.S. banking cop to make the sector more resilient may have gotten a boost from the recent banking crisis, but still faces numerous challenges. Fed Vice Chair for Supervision Michael Barr has laid out a plan to increase capital requirements for ...Read More

Sen. J.D. Vance — the Trump-backing former venture capitalist — is trying to lead Republicans in a new cause: cracking down on big banks. Following a Senate campaign in which he pledged to prioritize rural America over titans of industry, the Ohio lawmaker is using a ...Read More

Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. A report by The Wall Street Journal (WSJ) Thursday (June 15) says that Federal Reserve and the Securities and Exchange Commission (SEC) are investigating the banking giant’s role in acquiring Silicon Valley ...Read More

JPMorgan Chase & Co. laid off about 1,000 former First Republic Bank employees Thursday, weeks after its takeover of the failed lender. The bank said about 85% of the former First Republic’s roughly 7,200 employees received full-time or transitional roles with JPMorgan. JPMorgan JPM, +0.24% said it ...Read More