International trials using CBDCs highlight significant architectural and practical challenges, writes Warren Coats
Bank of America and Citigroup open talks with Fed about differing results
Acting comptroller Michael Hsu says agency may clarify regulation to improve governance
Offers new insights into the tough decisions Yellen has made as a pre-eminent economic policy-maker
Two-year OCC vacancy is not that unusual in US system, but it may hamper initiative
Country’s second-largest bank unlawfully blocked access to unemployment benefits
Chinese central bank digital currency has the potential to boost the renminbi’s internationalisation further, but only if international investors have access.
Seismic changes in customer behaviour see machine learning solutions throw out false positives
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
The raft of new rules imposed on regulated financial institutions in the aftermath of the global financial crisis has a huge compliance cost. Could artificial intelligence offer efficiency gains?
PBoC will gain key powers from regulatory commissions and report to key committee
BofA's ‘inaccurate adjustment' caused bank to ‘overstate' capital ratios
US banking behemoths less robust than smaller competitors
Banking agencies announce rules to increase organisations' leverage ratios; measures remain controversial with the banking lobby and regulators, notably FDIC's Hoenig
Billions of dollars in capital could be excluded under Basel proposals on derivatives DVA - with US banks hardest hit
Congressional Budget Office report estimates the Federal Reserve subsidised banks and investors by $21 billion through its credit programmes
Kuwait Investment Authority announces sale of its Citigroup share; follows Singapore GIC’s sale of Citi stake in September
Ben Bernanke, the chairman of the Federal Reserve, on Thursday claimed that the central bank had acted "with the highest integrity" in discussions with Bank of America over its takeover of Merrill Lynch, a now defunct investment bank.
Emails sent by Federal Reserve officials and subpoenaed by government investigators appear to back claims that Ben Bernanke pressurised Bank of America to go ahead with its takeover of investment bank Merrill Lynch after the bank attempted to back out of…
Temasek, one of Singapore's sovereign wealth funds, has sold its stake in Bank of America in a bid to reduce its considerable exposure to western banking stocks.
In a bid to enhance transparency, and in doing so appease anger on the Hill, the Federal Reserve on Thursday released information about the assets it holds of American International Group (AIG), the beleaguered insurer, and Bear Stearns, a now-defunct…
Ben Bernanke, the chairman of the Federal Reserve, and Hank Paulson, a former US treasury secretary, have been accused of pressurising Bank of America to go ahead with their takeover of investment bank Merrill Lynch after they attempted to back out of…
The Congressional Budget Office has raised its estimate of the ultimate cost to taxpayers of the $700 billion Troubled Asset Relief Program (Tarp) by 51%.
The Fed has accepted a bid by ICE Trust - an amalgam of an exchange operator, a provider of clearing services and eight banks - to run a central counterparty and clearing house for the global credit-default-swap (CDS) market.