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April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices: Regarding loans to businesses tighter standards and weaker demand for commercial and industrial loans, weaker demand for all commercial real estate (CRE) loan categories.

Source: https://www.federalreserve.gov/data/sloos/sloos-202304.htm The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and

Whistleblower Alert! SEC Issues Largest-Ever Whistleblower Award nearly $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions.

https://www.sec.gov/news/press-release/2023-89 The Securities and Exchange Commission today announced the largest-ever award, nearly $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. This is the highest award in the SEC’s whistleblower program’s history,

SEC Alert! Special filing with Federal Register: SEC submits notice for the 20th CLOSED door meeting this year via the Sunshine Act for 12:00 p.m. on Thursday, May 11, 2023.

Resolution of litigation claims and Other matters relating to examinations and enforcement proceedings to be considered. https://public-inspection.federalregister.gov/2023-09852.pdf CLOSED door meetings 2023: Meeting NumberDate205/11195/4184/27174/20164/13154/6143/30133/23123/16113/9103/292/2382/1672/962/251/2641/1931/1221/911/5 Seems to

SEC Alert! SEC Chair Gary Gensler Statement on Current Market Events: "As I’ve said, in times of increased volatility and uncertainty, the SEC is particularly focused on identifying and prosecuting any form of misconduct that might threaten investors..."

SEC Alert! SEC Chair Gary Gensler Statement on Current Market Events: "As I’ve said, in times of increased volatility and uncertainty, the SEC is particularly focused on identifying and prosecuting any form of misconduct that might threaten investors, capital formation, or the markets more broadly" Reddit Post

FDIC board member Jonathan McKernan: "We should avoid the temptation to pile on yet more prescriptive regulation or otherwise push responsible risk taking out of the banking system."

"Instead, we should acknowledge that bank failures are inevitable in a dynamic and innovative financial system." Source: https://www.fdic.gov/news/speeches/2023/spmay0123.html I am pleased we were able to deal with First Republic’s failure without using the FDIC’s emergency powers. It is

FDIC Alert! JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California. FDIC entering loss-share transaction agreement to share the losses with JP Morgan.

Source: https://www.fdic.gov/news/press-releases/2023/pr23034.html First Republic Bank, San Francisco, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC is entering into a purchase and assumption

FDIC Releases Report Detailing Supervision of the Former Signature Bank, New York, New York

FDIC Releases Report Detailing Supervision of the Former Signature Bank, New York, New York

https://www.fdic.gov/news/press-releases/2023/pr23033a.pdf Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of Signature Bank, an internal review evaluating the agency’s supervision of Signature Bank, New York, New York, from 2017 until its failure in March 2023. The