New bank failure incoming? FDIC held a CLOSED meeting at 3:12 pm yesterday to consider matters related to the Corporation’s supervision, corporate, and resolution activities. A closed meeting like this was held before Heartland Tri-State Bank failed back in July.

Source: https://public-inspection.federalregister.gov/2023-28472.pdf TLDRS: FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting open to public observation. I show Heartland Tri-State Bank of Elkhart, Kansas failed after a similar meeting …

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Fed Vice Chair for Supervision will pursue multiple regulatory initiatives saying the recent bank failures underlined the need for regulators to bolster resilience in the system.

WASHINGTON, July 10 (Reuters) – The Federal Reserve’s top regulatory official laid out a sweeping plan to increase capital requirements for the nation’s largest banks in the wake of recent bank failures, a move that was immediately met with criticism …

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