Megan Howard

Washington

Financial Regulation Reporter at Bloomberg News

Breaking news for Bloomberg. RTs aren't endorsements. Email at [email protected]

Articles

Top Bank Watchdogs Withdraw Bank Guidance Tied to Crypto (1)

2 weeks ago | news.bloombergtax.com | Megan Howard |Katanga Johnson

US bank regulators withdrew previous guidance on risks tied to the crypto sector, giving lenders a freer hand to provide products and services to customers dealing in digital assets. The retreat from guidance issued in early 2023 came in a joint statement Thursday from the Federal Reserve and the Federal Deposit Insurance Corp. The Fed also rescinded a 2022 directive for banks to provide advance notice of crypto-asset activities.
Top Bank Watchdogs Withdraw Bank Guidance Tied to Crypto (1)

2 weeks ago | news.bloomberglaw.com | Megan Howard |Katanga Johnson

US bank regulators withdrew previous guidance on risks tied to the crypto sector, giving lenders a freer hand to provide products and services to customers dealing in digital assets. The retreat from guidance issued in early 2023 came in a joint statement Thursday from the Federal Reserve and the Federal Deposit Insurance Corp. The Fed also rescinded a 2022 directive for banks to provide advance notice of crypto-asset activities.
Fed Withdraws Bank Guidance Tied to Crypto-Asset Activities

2 weeks ago | news.bloomberglaw.com | Megan Howard

The Federal Reserve announced it was withdrawing guidance for banks related to crypto-asset and dollar token activities, according to a statement. The Fed also rescinded a 2022 supervisory letter that said banks were expected to provide advance notification of crypto-asset activities. Those financial institutions would no longer have to provide notice. Instead, their crypto-asset activities will be monitored through the normal supervisory process.
Credit Risk Tied to Bank Loans Still Moderate, US Regulators Say

2 months ago | news.bloombergtax.com | Megan Howard

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Credit Risk Tied to Bank Loans Still Moderate, US Regulators Say

2 months ago | news.bloomberglaw.com | Megan Howard

Credit risk tied to large bank loans remains moderate, but weak trends continue due to higher interest rates and compressed operating margins in some sectors, US bank regulators said Monday. The 2024 Shared National Credit Program Report, which was released by the Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency, assessed the largest and most complex credit facilities shared by banks and nonbank investors.
FDIC Approves Rollback of Biden-Era Bank Merger Plan

2 months ago | news.bloomberglaw.com | Megan Howard |Katanga Johnson

The Federal Deposit Insurance Corp. headquarters in Washington, D.C., on May 20, 2024. Photographer: Al Drago/Bloomberg PrintEmailMarch 3, 2025, 9:13 PM UTCFDIC Approves Rollback of Biden-Era Bank Merger PlanThe Federal Deposit Insurance Corp. approved a proposal to rescind a Biden-era policy that required US bank mergers to face steeper regulatory scrutiny.
FDIC Approves Rollback of Biden-Era Bank Merger Plan

2 months ago | bloomberg.com | Megan Howard |Katanga Johnson

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Fed says 22 Wall Street banks will be stress-tested

Feb 6, 2025 | investmentnews.com | Megan Howard

by Megan Howard The Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and ensure they can keep lending even in a severe recession. This year, 22 banks will be tested against a global recession with heightened stress in both commercial and residential real estate markets, in addition to corporate debt markets, the central bank said in a statement Wednesday.
Federal Reserve Releases Wall Street Bank Stress-Test Plans

Feb 5, 2025 | ca.finance.yahoo.com | Megan Howard

(Bloomberg) -- The Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and ensure they can keep lending even in a severe recession.
Federal Reserve Releases Its Wall Street Bank Stress-Test Plans

Feb 5, 2025 | bloomberg.com | Megan Howard

The Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and ensure they can keep lending even in a severe recession. This year, 22 banks will be tested against a global recession with heightened stress in both commercial and residential real estate markets, in addition to corporate debt markets, the central bank said in a statement Wednesday.