The Office of the Comptroller of the Currency reported that the trading revenue of U.S. banks reached $6 billion in the fourth quarter of 2016, an increase of $1.7 billion over revenue in the fourth quarter of 2015.
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The Office of the Comptroller of the Currency provided banks with guidance on the forthcoming transition to a T+2 standard settlement cycle for securities transactions.
Federal Reserve Board Governor Jerome Powell, Acting Comptroller of the Currency Keith A. Noreika, and FDIC Chair Martin Gruenberg testified at a hearing on "Regulation and Economic Growth" held by the Senate Committee on Banking, Housing, and Urban Affairs.
The Office of the Comptroller of the Currency reported that the trading revenue of U.S. banks increased to $7.1 billion in the first quarter of 2017.
Five federal financial regulatory agencies will review the treatment of certain funds under the Bank Holding Company Act.