Katanga Johnson
Banking Regulation Reporter at Bloomberg News
Banking Regulation Reporter @business
Articles
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1 week ago |
news.bloomberglaw.com | Katanga Johnson
US banks’ paper losses eased in the first quarter, while net income increased, according to a report published Wednesday by the Federal Deposit Insurance Corp. The agency said that unrealized losses on securities, which piled up during the 2023 industry turmoil, declined 20% to $413.2 billion in the first quarter from a year prior. Banks’ quarterly net income rose 9.1% to $70.6 billion in the same period.
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1 week ago |
bloomberg.com | Katanga Johnson
Buildings in the Manhattan skyline in New York, US, on Saturday, May 10, 2025. New York City officials cut their forecast for the number of international tourists this year by 17%, saying President Donald Trumps tariffs and hard-line policies on immigration are deterring visitors. Photographer: Yuki Iwamura/Bloomberg(Bloomberg) -- US banks’ paper losses eased in the first quarter, while net income increased, according to a report published Wednesday by the Federal Deposit Insurance Corp.
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1 week ago |
news.bloombergtax.com | Katanga Johnson
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago |
news.bloombergtax.com | Katanga Johnson
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago |
bloomberg.com | Katanga Johnson
The lobby of the Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, DC. (Bloomberg) -- The US government’s bedrock fund meant to protect depositors in the event of a bank failure is poised to reach its legal target ratio by the end of 2025 — about three years ahead of schedule. The Federal Deposit Insurance Corp., which manages the fund by levying assessments on banks, is required by law to ensure the pool of money meets a reserve ratio of at least 1.35%.
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SCOOP: The biggest US banks would face a 9% increase in capital requirements — a dramatic retreat from the original plan — after regulators agreed to sweeping changes to a proposed package of rules, which will be unveiled as soon as Sept. 19. My latest @Bloomberg:
SCOOP: The Fed and other regulators are poised to unveil a 450-page document of sweeping changes — as soon as Sept. 19 — to a slate of proposed capital rules for banks as they seek to overcome tough resistance from the industry. Top changes include a reduction in the capital
RT @robblackwellAB: Both @kjspeakstruth and @vtg2 are trying to get FDIC Chair Gruenberg to make news on Basel III, and despite very good q…