Community banks, though relatively small, are attractive targets for cyber criminals as “low-hanging fruit,” said Banking Superintendent James Johnson on April 11 during the Iowa Division of Banking’s Day with the Superintendent. [Continue]
Recently released climate risk principles for the largest banks reveal that regulators are losing sight of crucial safety and soundness risks, said Federal Reserve Gov. Michelle Bowman. [Continue]
Whenever there is a banking crisis, bankers get blamed, but a former FDIC Vice Chair and 38-year Federal Reserve veteran told bankers the real culprits are those propagating undisciplined fiscal policy and bad monetary policy. Speaking at the Iowa Bankers Association convention, Thomas Hoenig said the last three major crises were caused by huge increases in federal spending and reactionary increases in interest rates that wreaked havoc on the economy and at the nation’s banks. [Continue]
Industry regulators and association officials shared insights into current conditions at the 138th annual convention of the Texas Bankers Association. [Continue]
The recent failures of Silicon Valley Bank and Signature Bank highlight the importance of analyzing internal deposit concentrations and capital levels, according to Iowa Superintendent of Banking Jeff Plagge. [Continue]
Focus on climate risk by the Office of the Comptroller of the Currency is all about safety and soundness, Acting Comptroller Michael J. Hsu said. [Continue]
The Iowa ag economy remains strong amid prolific commodity prices, according to Iowa Superintendent of Banking Jeff Plagge. [Continue]
Creighton University Professor Ernie Goss expects the Federal Reserve will steadily trim nearly $5 trillion from its balance sheet. [Continue]
The vast majority of cyberattacks can easily be prevented by bank employees and customers adopting more stringent security measures, said retired FBI Special Agent Scott Augenbaum. [Continue]
U.S.-China trade relations remain strong despite ongoing tensions between the two countries, according to former ambassador Terry Branstad and former Secretary of State Mike Pompeo. [Continue]