Megan Howard

Washington

Financial Regulation Reporter at Bloomberg News

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

Articles

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

1 month ago | news.bloombergtax.com | Megan Howard

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

1 month 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

1 month 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

1 month ago | bloomberg.com | Megan Howard |Katanga Johnson

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Fed says 22 Wall Street banks will be stress-tested

2 months ago | 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

2 months ago | 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

2 months ago | 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.
Federal Reserve Releases Wall Street Bank Stress-Test Plans

2 months ago | news.bloomberglaw.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.
Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices

2 months ago | bnnbloomberg.ca | Megan Howard

(Bloomberg) -- The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday. The Fed’s announcement isn’t related to a 2018 enforcement action addressing widespread compliance issues through restrictions on Wells Fargo’s growth. The bank’s executives have been awaiting a decision on whether they have done enough to get the restrictions lifted.
Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices

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

The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from 2011, the central bank said Tuesday in a statement. The actions were related to deficient practices in residential mortgage loan service and deficient mortgage lending practices at a former subsidiary. The Fed said the termination of these enforcement actions doesn’t affect a 2018 enforcement action addressing widespread compliance issues by restricting Wells Fargo’s growth.