Senate moderates voice concerns with Basel endgame
Moderate Democrats on the Senate Banking Committee voiced concerns about the impact of the Basel III endgame proposal on small businesses and minority communities, saying regulators should consider revisions or an extended comment period.
Synchrony Financial bought Pets Best ahead of a pandemic-driven boom in the pet insurance business. Now it's selling the subsidiary for a $750 million after-tax gain.
The Federal Reserve's vice chair for supervision said new definitions around community development activities and the ability for banks to invest outside their immediate assessment areas could be a boon to Native Americans and their communities.