The Federal Deposit Insurance Corporation (FDIC) released an internal review evaluating the agency’s supervision of First Republic Bank, which failed earlier this year. The report, conducted by F...
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The Internal Revenue Service (IRS) has begun an initiative to improve tax compliance among high-income earners, partnerships, large corporations, and promoters abusing the nation's tax laws. The ef...
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The Consumer Financial Protection Bureau (CFPB) issued a new report Thursday looking at the impacts companies like Apple and Google have had on payment systems from mobile devices like smartphones and...
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U.S. banks posted aggregate net income of $70.8 billion in second quarter of 2023, down about $9 billion, or 11.3 percent, from first quarter 2023, according to the Federal Deposit Insurance Corporati...
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U.S. Reps. Dan Meuser (R-PA) and Hillary Scholten (D-MI) introduced legislation recently that would increase capital available to small businesses, particularly those in rural or low-income areas. ...
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The Bank Policy Institute (BPI) launched an ad campaign this week on what it contends are the consequences of a proposal to increase capital requirements for banks. The ad campaign, called “Stop ...
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U.S. Sen. Thom Tillis (R-NC) is leading a coalition of Republicans on the Senate Banking Committee in urging the Consumer Financial Protection Bureau (CFPB) to halt the effective date of the small bus...
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A bipartisan group in the U.S. House of Representatives voiced their opposition to a proposal by the Securities and Exchange Commission (SEC) that would impact mutual fund investors. Currently, mu...
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On Tuesday, the Federal Deposit Insurance Corporation (FDIC) announced it would start marketing the approximately $33 billion Commercial Real Estate (CRE) loan portfolio for the former Signature Bank,...
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U.S. Reps. Mark Green (R-TN), Andrew Garbarino (R-NY), and Zach Nunn (R-IA) are urging the Securities and Exchange Commission (SEC) to rethink a new rule on cybersecurity for public companies. The...
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