Company: Federal Reserve Board

514 results found

Ally Financial and BB&T can only make capital distributions with Fed approval

Capital improvements ensure banks can continue to lend during economic difficulty

Banks to pay US$557 million to help mortgage borrowers

Banks would be required to create an intermediate holding company over their U.S. subsidiaries

Scenarios include baseline, adverse, and severely adverse

The U.S. Federal Reserve is to begin conducting supervisory stress tests this fall for 19 large bank holding companies

Bernanke cites concerns about high U.S. unemployment levels, weak economic recovery

Smaller banks may need more time to develop “high-quality stress testing programs”

Rule takes effect September 14

  • By: IE Staff
  • July 30, 2012 July 30, 2012
  • 15:30

The Federal Reserve Bank of New York said Friday that it received reports of problems with the setting of the London Interbank Offered Rate (Libor) back in 2007, before the issue first came to public attention. The New York Fed issued a statement indicating that as part of its market surveillance efforts following the onset […]