The Federal Reserve Board and the FDIC will jointly hold two public meetings on the proposed merger of BB&T and SunTrust Banks.
The Federal Reserve Board and the State of Colorado Division of Banking approved National Bank Holdings’ acquisition of Peoples, Inc. The acquisition is expected to close in early January 2018, subject to customary closing conditions.
In a release, the Federal Reserve said that it is going to maintain the target range for the federal funds rate at .25% to .5%.
The Federal Reserve, FDIC and the OCC proposed a rule to strengthen the leverage ratio standards for the largest, most systemically significant U.S. banking organizations.
The Fed said it has approved a final rule that establishes an integrated regulatory capital framework for larger banking organizations, while it minimizes the burden on smaller, less complex financial institutions.
The Federal Reserve’s latest opinion survey on bank lending practices revealed, on net, that large U.S. banks have eased standards and most terms on C&I loans and credit lines to borrowers of all sizes. The survey notes “more aggressive competition” as the primary reason for the shift.