Wallcrest Banking Desk
Current accounts, savings, deposit insurance and the payment rails behind everyday money.
Behind every international wire transfer sits a network of banks holding accounts for one another, a system that determines how fast, cheap, and traceable cross-border payments really are.
Wallcrest Banking Desk · 1m ago · 4 min read
Federal rules set maximum hold times for deposited checks, but banks can extend them in specific, disclosed circumstances.
1m ago · 4 min
The replacement is principles-based and organised around four components. It would also rescind three supplemental documents issued in 2024. Comments close November 16, and one Federal Reserve governor dissented.
1m ago · 3 min
A plain-English guide to the funding source that helped fuel several 2023 bank failures and remains a focus of bank examiners.
1m ago · 4 min
A plain-English guide to CD terms, penalty math, and how to avoid costly surprises when you need your cash early.
1m ago · 5 min
Repurchase agreements are the plumbing that keeps banks, dealers, and money-market funds flush with short-term cash — and they quietly shape the interest rate you see everywhere.
1m ago · 4 min
Two common ways to move money electronically differ sharply in speed, cost, finality, and fraud risk—understanding the tradeoffs can save you money and headaches.
1m ago · 4 min
The NCUA deleted 12 CFR 701.21(h) as part of its Deregulation Project. The removal took effect on September 8. Every comment letter the agency received backed it.
1m ago · 3 min
United Texas Bank spent two years under a 2024 order covering governance, anti-money-laundering controls and sanctions screening. It was terminated on September 2.
1m ago · 2 min
The September 2 joint statement from the Federal Reserve, FDIC, NCUA, OCC and FinCEN draws the line between the fact of a suspicious activity report, which is confidential, and the underlying transactions, which are not. It changes no rule.
1m ago · 3 min
Each year the Federal Reserve runs the country's largest banks through a hypothetical economic disaster to see if they would survive — here is what that exercise actually tests and why it matters to depositors and shareholders.
1m ago · 4 min
After a 12-day bench trial, Judge Beth Labson Freeman found that Silicon Valley Bank's own officers — running the bank to the holding company's enterprise-wide policies — breached their duties to the bank. The losses that followed cancel the claim.
1m ago · 3 min
A proposal issued August 27 would stop a Matter Requiring Attention being used for any violation of law that is not "substantive," and the agency has published the internal manual governing MRAs for the first time.
1m ago · 3 min
The OCC and FDIC finalized a rule on August 27 defining the term for the first time in regulation, and raised the bar for a Matter Requiring Attention to material financial harm.
1m ago · 3 min
Minutes released August 25 show directors in Cleveland, Minneapolis, Kansas City and Dallas voted for 4.00%. The primary credit rate stayed at 3.75%.
1m ago · 2 min
The Federal Reserve and the FDIC have proposed lifting the cap on loans to a bank's own executive officers from $100,000 to $400,000, and the figure that triggers full board approval from $500,000 to $2 million. Comments close October 5.
1m ago · 3 min
Jonathan Gould put a date on the OCC's GENIUS Act rulemaking and disclosed 40 charter applications in 18 months, more than half of them tied to digital asset business.
1m ago · 3 min
The OCC and FDIC want to lift the "large bank" line from about $1.6 billion in assets to $10 billion, narrow what counts for CRA credit to lending, and cap the overhead banks can charge against community development grants. Comments close October 13.
1m ago · 4 min
Protection attaches to a licensed institution and a defined limit — not to a brand, an app, or a balance you can see.
1m ago · 6 min
Deposit pricing is a funding decision. Banks pay what they need to pay to keep the balances they need to keep.
1m ago · 5 min
When a bank collapses, the FDIC has spent decades refining a weekend process designed to make Monday morning look normal for depositors.
1m ago · 4 min
The standard deposit insurance limit is $250,000 per depositor, per bank, per ownership category—understanding those categories is the key to insuring much larger balances.
1m ago · 4 min
The $250,000 limit is per depositor, per bank, per ownership category — not a flat cap on your total balance, but the rules on how that math works trip up even experienced savers.
1m ago · 1 min
