Ebrima Sanneh

Washington, D.C., United States

DC Regulatory Reporter at American Banker

Reporter @AmerBanker

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Articles

FDIC revises bank resolution plan requirements

6 days ago | americanbanker.com | Ebrima Sanneh

The Federal Deposit Insurance Corp. on Friday narrowed the requirements big banks must follow when submitting emergency wind-down blueprints — known as resolution plans — in an attempt to streamline the process and better position the agency to swiftly sell a collapsing bank over a weekend.
OCC combines supervision into single unit

1 week ago | americanbanker.com | Ebrima Sanneh

The Office of the Comptroller of the Currency will merge its large, midsize and community bank supervision units into a single office, according to an agency announcement on Wednesday. According to the OCC, the change — which will result in a unified Bank Supervision and Examination division — aims to streamline oversight and reduce inefficiencies at the regulator, which oversees nationally chartered banks.
Trade war could weaken banks, regulators - and competition

1 week ago | americanbanker.com | Ebrima Sanneh

A tariff-driven recession could strain the U.S. banking sector by eroding credit quality and slowing investment, increasing the likelihood of small and mid-size bank failures, experts say. That could drive an uptick in government-assisted M&A deals, continuing the trend of consolidation in the industry.
Trade war could weaken banks, regulators - and competition

1 week ago | today.westlaw.com | Ebrima Sanneh

A tariff-driven recession could strain the U.S. banking sector by eroding credit quality and slowing investment, increasing the likelihood of small and mid-size bank failures, experts say. That could drive an uptick in government-assisted M&A deals,...
OCC combines supervision into single unit

1 week ago | today.westlaw.com | Ebrima Sanneh

The Office of the Comptroller of the Currency will merge its large, midsize and community bank supervision units into a single office, according to an agency announcement on Wednesday. According to the OCC, the change — which will result in a unified...
OCC unsure if breached bank data was sold on dark web after hack

1 week ago | americanbanker.com | Ebrima Sanneh

Over a month after the Office of the Comptroller of the Currency discovered it was hacked by illicit actors the agency said it is still working to understand what specific sensitive bank data was compromised and whether any of it has been publicly or criminally disseminated, according to a letter the agency sent Tuesday to banks it supervises.
OCC unsure if hacked bank data was sold on dark web

1 week ago | today.westlaw.com | Ebrima Sanneh

Over a month after the Office of the Comptroller of the Currency discovered it was hacked by illicit actors the agency said it is still working to understand what specific sensitive bank data was compromised and whether any of it has been publicly or...
Business group asks Treasury to destroy CTA data

1 week ago | today.westlaw.com | Ebrima Sanneh

The National Federation of Independent Business — an advocacy group for small businesses — is pressing the Treasury Department to permanently delete ownership data collected under the now-suspended beneficial ownership rule, ramping up its campaign...
DOGE descends on FDIC in federal downsizing push

2 weeks ago | americanbanker.com | Ebrima Sanneh

A team of Department of Government Efficiency employees are working to restructure the Federal Deposit Insurance Corp. alongside the banking agency's management, according to an email obtained by American Banker.
Dozens of state AGs urge House to reject overdraft repeal

2 weeks ago | americanbanker.com | Ebrima Sanneh

Twenty-four state attorneys general urged House members to vote against a Congressional Review Act resolution that, if passed, would overturn a Consumer Financial Protection Bureau rule capping overdraft fees imposed by large banks on customers. "Overturning this rule will only do one thing: help big banks profit at your expense," said New York Attorney General Letitia James, one of the signatories, in a release announcing the letter addressed to leaders in the House Financial Services Committee.