Federal Reserve

Banking

Federal Reserve signs off on Cornerstone Capital Bancorp application

The Federal Reserve approved an application from Cornerstone Capital Bancorp, Inc., marking the latest bank regulatory decision amid close scrutiny of financial stability and lending conditions.

Banking

Fed Seeks Public Comment on Plan to Formally Remove 'Reputational Risk' From Bank Supervision

The Federal Reserve Board is asking for public input on a proposal to codify the removal of 'reputational risk' from its bank supervision framework, aiming to clarify safety-and-soundness expectations and reduce subjectivity in exams.

Banking

Fed Ends Enforcement Action Against Wells Fargo, Signaling Compliance Progress

The Federal Reserve Board said it has terminated an enforcement action with Wells Fargo, closing a chapter in the bank’s regulatory oversight and signaling progress on remediation efforts.