by Team Small News | Oct 29, 2025 | Banking
The article “Why Does Everyone Want to Be a Bank Now?” from Bloomberg.com explores the recent trend of non-financial companies seeking to become banks or offer banking services. This phenomenon has been observed in various industries, including technology,...
by Team Small News | Oct 26, 2025 | Banking
New York Attorney General Letitia James has pleaded not guilty to charges of bank fraud and making false statements to a financial institution. The indictment alleges that James falsely represented a property in Norfolk, Virginia, as a second home rather than an...
by Team Small News | Oct 22, 2025 | Banking
The Federal Reserve has proposed a plan that could significantly reduce the amount of capital that large banks are required to hold. Under the current framework, big banks are subject to regular stress tests to determine their ability to withstand economic downturns,...
by Team Small News | Oct 20, 2025 | Banking
The Bombay High Court has imposed a fine of Rs 50 lakh on a businessman who rented out his shop to a bank in a redeveloped building in Kurla, Mumbai, without obtaining an occupation certificate (OC). The court directed the businessman to pay the fine within two weeks....
by Team Small News | Oct 16, 2025 | Banking
Federal banking regulators, including the Federal Reserve, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency, are planning to propose a reduction in the community bank leverage ratio from 9% to 8%. This change aims to ease capital...
by Team Small News | Oct 15, 2025 | Banking
The Indian government has devised a plan to merge smaller public sector banks with larger ones by the end of the 2026-2027 financial year. This move aims to create stronger and more efficient banking entities, capable of competing with private sector banks. The plan...