Latest Regional banking News

2 top Fed officials retire in wake of trading disclosures

Sep. 27, 2021 19:29 PM EDT

WASHINGTON (AP) — In a rare moment of ethical controversy for the Federal Reserve, two top officials resigned Monday in the wake of revelations about their financial trading that exposed potential shortcomings in the Fed's rules on investments. Eric Rosengren, the...

Fed reviews ethics policies after prolific trading uncovered

Sep. 16, 2021 15:29 PM EDT

WASHINGTON (AP) — The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year. Robert Kaplan,...

700 workers to lose jobs in sale of People's United Bank

Jul. 24, 2021 19:23 PM EDT

BRIDGEPORT, Conn. (AP) — More than 700 employees of People's United Bank will lose their jobs when the Connecticut lender is acquired by a New York bank, according to a filing with the state. Buffalo, New York-based M&T Bank Corp. reported that 747 positions in...