By Pete Schroeder WASHINGTON (Reuters) -U.S. bank profits and deposits were broadly steady in the second quarter, suggesting sector turmoil earlier this year has abated, but regulators are still keeping a close eye on unrealized losses, the Federal Deposit Insurance Corporation said on Thursday. Overall industry profits in the second quarter fell 11.3% year-on-year to $70.8 billion, driven by the acquisitions of Silicon Valley Bank and two other large lenders which failed from March to May...

WASHINGTON (Reuters) - Money transmitters like Western Union WU.N, PayPal PYPL.O, and cryptocurrency firms will be able to more easily expand across the United States, after 48 state regulators agreed to a single set of supervisory rules that should reduce their compliance costs. The Conference of State Bank Supervisors (CSBS) will on Tuesday unveil the new regulatory regime for money services businesses, which will undergo a single exam by a joint group of state regulators that oversee...

(Repeats for wider distribution) WASHINGTON, Jan 14 (Reuters) - The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are exploring granting federal bank-like licenses to tech-driven firms that offer...

WASHINGTON (Reuters) - The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc (ONDK.N) or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo The Office of the Comptroller of the Currency (OCC) and the Federal...

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville WASHINGTON (Reuters) - U.S. banking regulators announced on Thursday they had signed off on “living wills” for four foreign banks - Barclays (BARC.L), Credit Suisse (CSGN.S), Deutsche Bank (DBKGn.DE) and UBS (UBSG.S) - detailing how they could safely be dissolved in a crisis. The Federal Reserve and Federal Deposit...