Uncategorized

Banks face heightened cyber threat after U.S. bombs Iran

Following U.S. airstrikes against Iranian nuclear and military infrastructure over the weekend, the United States faces an escalated cyber threat environment, with warnings issued for potential attacks against U.S. networks, including financial institutions. U.S. Defense Secretary Pete Hegseth and General Dan Caine, chairman of the Joint Chiefs of Staff, confirmed the attacks targeted Iran’s two […]

Banks face heightened cyber threat after U.S. bombs Iran Read More »

Michelle Bowman

Fed’s Bowman makes case for leverage ratio reform

Federal Reserve Vice Chair for Supervision Michelle Bowman.Bloomberg News The Federal Reserve’s top regulator said changes are needed to the supplementary leverage ratio to improve the Treasury market and ensure banks face proper risk incentives.  In a Monday speech, Fed Vice Chair for Supervision Michelle Bowman said the current calibration of the capital requirement is

Fed’s Bowman makes case for leverage ratio reform Read More »

Banking giants see surge in loan modifications

Mortgage modifications surged in the first quarter at the nation’s largest banks, reversing a yearlong decline, while foreclosure activity also saw a marked uptick, according to a new government report. The data suggests rising financial stress is hitting certain borrower segments, even as conditions for the mortgage market overall appear relatively strong, based on numbers

Banking giants see surge in loan modifications Read More »