Katanga Johnson

Key metrics at US banks improved during the first quarter despite war and rising interest rates, even as the industry grappled with a modest increase in paper losses, the Federal Deposit Insurance Corp. reported.

Key metrics at U.S. banks improved during the first quarter despite war and rising interest rates, even as the industry grappled with a modest increase in paper losses, the Federal Deposit Insurance Corp. reported.

US banks’ loan portfolios saw a modest rise in delinquencies last year, a Federal Reserve report showed.

Federal Reserve Governor Michael Barr criticized moves from regulators over the past year to relax the rules for US lenders, saying the proposals “considerably weaken bank regulation and supervision.”

(Bloomberg) -- Federal Reserve Governor Michael Barr criticized moves from regulators over the past year to relax the rules for US lenders, saying the proposals “considerably weaken bank regulation and supervision.”

The Federal Reserve said it will unveil the results of how big banks fared during its stress test on June 24 but emphasized the results will not impact capital requirements this year.

The Federal Reserve proposed requiring payment stablecoin issuers to maintain an effective customer identification program designed to curb illicit activities, the latest step from US regulators embracing digital assets.

All of the biggest US banks cleared the Federal Reserve’s annual stress test, setting the stage for lenders to boost buybacks and dividends.

The Federal Reserve proposed changes to anti-money laundering requirements for banks, the latest step by US regulators looking to zero in on what they see as core financial risks.

Federal Reserve Vice Chair for Supervision Michelle Bowman says lenders are more in tune with the risks tied to innovation and should be allowed to decide when to adopt new technologies like artificial intelligence.