US Fed ramps up demands for corrective actions by regional banks

The Federal Reserve has issued a slew of private warnings to lenders with assets of $100 billion to $250 billion as part of increased efforts to tighten supervision

  • Among the banks given the warnings were Citizens Financial (CFG.N), Fifth Third Bancorp (FITB.O) and M&T Bank Corp (MTB.N).
  • The notices touched on a wide range of issues including lenders’ capital and liquidity as well as technology and compliance.

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