Market Chatter: Federal Reserve Plans to Abandon Some Warnings to Banks to Fix Flaws

MT Newswires Live02:57

The Federal Reserve's supervision staff told banks earlier this month that examiners will review previously sent private warnings to lenders to fix deficiencies and that some could be abandoned, Bloomberg reported Wednesday, citing people familiar with the matter.

Warnings that are not in line with the Fed's directive for examiners to focus more on immediate risks to the financial health of a bank will be removed, the report said, citing the people.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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