On May 11, 2023, the Federal Deposit Insurance Corporation (FDIC) approved a notice of proposed rulemaking (NPR) to place a special assessment on larger banks in order to recover the costs associated with protecting uninsured depositors from certain significant bank failures that happened earlier ...
On March 12, 2023, in response to concerns about the ongoing ripple effects of recent bank failures, the Federal Reserve Board established the new Bank Term Funding Program (the Program) to provide additional funding to eligible depository institutions in order to enhance banks’ ability to ...
On December 14, 2022, in its final meeting of the year, the Securities and Exchange Commission adopted final rules relating to Rule 10b5-1 trading plans.
On October 14, 2022, the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board both approved the acquisition of MUFG Union Bank, National Association, by U.S. Bancorp and its subsidiary U.S. Bank National Association.
2021 is in the books…another eventful year on so many different fronts.
On July 9, 2021, President Biden signed an “Executive Order on Promoting Competition in the American Economy.”
When Michael Hsu became acting U.S. Comptroller of the Currency earlier this month, banking industry experts predicted a shift away from the aggressive innovation pushed by fintech-friendly Brian Brooks, who resigned as the Biden administration prepared to take the reins.
On August 3, 2020, the Federal Financial Institutions Examination Council (FFIEC) issued a new joint statement of principles for banks to consider while working with their loan customers as the end of COVID-19 initial loan accommodation periods wind down.
On June 25, 2020, federal banking and securities regulators issued new regulations that will ease burdens on banks that involve themselves with certain types of investment funds.
Manatt shares insight on the recently issued examiner guidance outlining supervisory principles for assessing safety and soundness during the COVID-19 pandemic.