American Bankers Association

Bitcoin's latest move: Less bullish than you think

By Mike McAra | May 9, 2014

While Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and cheaply.

Banks back off on Volcker rule lawsuit

By Andrew Zajac, Bloomberg | February 13, 2014

The American Bankers Association is dropping its lawsuit challenging a provision of the Volcker Rule.

Volcker rule halt request withdrawn by bankers association

By Edvard Pettersson, Bloomberg | December 30, 2013

The American Bankers Association dropped its request for a federal judge to temporarily block Volcker Rule restrictions on collateralized debt obligations backed by trust-preferred securities.

JPMorgan’s legal costs dragged bank industry profits lower

By Jesse Hamilton, Bloomberg | November 26, 2013

JPMorgan Chase & Co.’s legal bills contributed to a decline in the Federal Deposit Insurance Corp. tally of U.S. bank-industry profits for the third quarter.

U.S. banks seen freezing payouts under harsh leverage rule

By Yalman Onaran and Jesse Hamilton, Bloomberg | July 10, 2013

The biggest U.S. banks may continue hoarding profits as they face stricter capital rules than foreign competitors.

Too-big-to-fail bill pitched as fix for Dodd-Frank Act’s flaws

By Cheyenne Hopkins | April 24, 2013

More legislation is needed to rein in biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers, the bill’s sponsors said.

U.S. banks had second-best earnings ever in 2012, FDIC says

By Jesse Hamilton, Bloomberg | February 26, 2013

U.S. banks had $141.3 billion in net income last year, the second-best on record behind the $145.2 billion total reported for 2006, on non-interest income and lower loss provisions, the Federal Deposit Insurance Corp. said.

Elizabeth Warren said to head to Senate Banking Committee

By Cheyenne Hopkins and Kathleen Hunter, Bloomberg | December 4, 2012

U.S. Senator-elect Elizabeth Warren, the Harvard University law professor and critic of Wall Street, is poised to join the Senate Banking Committee after she’s sworn into office in January.

Volcker Rule splits regional banks from Wall Street

By Carter Dougherty and Cheyenne Hopkins, Bloomberg | November 2, 2012

Mid-sized banks that mostly let Wall Street and small firms speak for the industry during the debate over the Dodd-Frank Act have decided it’s time to carve out their own agenda in Washington.

Swap regulators face push for delays as deadline looms

By Silla Brush and Matthew Leising | October 3, 2012

The CFTC, facing an Oct. 12 start date for a slate of derivatives rules, is being bombarded with requests to ease or delay the Dodd-Frank Act measures.

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