The Banking Committee's portion of the Senate budget bill would eliminate the Consumer Financial Protection Bureau's ability ...

Senate Republicans are seeking to cut off a key funding source for the Consumer Financial Protection Bureau (CFPB) as part of ...

Fintechs say full provisions against loans backed by default loss guarantee will lead to ‘double provisioning’, with both the ...

In its Q4 accounts, the Hinduja Group-backed bank added a long note listing all the issues in its accounts and how they might have happened. And the result of this series of lapses, which can be dated ...

Whereas “expected losses” can be described as the usual or average losses that an institution incurs in its natural course of business, “unexpected losses” are sharp deviations from the average that ...

A summary of notable developments in SEC crypto and digital asset regulation under the second Trump administration.

The industry is asking the RBI to consider allowing DLG amounts to be set off against provisions. Their argument is that if the NBFC has clear access to the DLG funds, often held in an escrow account ...

The Senate Banking Committee is planning to eliminate all mandatory funding for the Consumer Financial Protection Bureau and ...

The bank, which reported its highest ever quarterly loss and higher bad loans, now suspects employee fraud in the financial irregularities. It needs to reintroduce best practices, and revive investor ...

IndusInd Bank is grappling with a deep credibility crisis after admitting to multiple accounting lapses and governance failures, resulting in a Q4 loss of Rs 2,328.92 crore. Analysts foresee a ...

The Reserve Bank of India (RBI) on Friday announced a record dividend payout of Rs 2.69 lakh crore to the central government ...

The SVB acquisition accelerated growth and expanded First Citizens' reach, but integration and regulatory costs loom. Read ...