Citigroup's shareholders have latched onto what was formerly a radical idea. Namely, that CEOs like Vikram Pandit should receive gigantic pay packages tied to performance only after they've actually performed. Wall Street bosses beware.
Credit bidding enables secured lenders to protect the value of their collateral by bidding up to the full amount of their claims at the sale auction. This right is now at stake.
It is precisely because of the confidentiality and security our country offers that so many nonresident aliens deposit their monies in U.S. financial institutions.
The GSE could have approved a short sale that would have let Louise Davidson stay in her home as a renter and eventually have the opportunity to buy it back. True to form, Fannie evicted her instead.
When do scale economies from growing bigger run out for community banks? And do our largest banks need to do trillions of dollars of business to compete internationally?
Too-big-to-fail stifles economic growth. Oligopolies and asset concentration strangle competition and suppress innovation, job creation and free markets in financial services, as they once did in oil, steel and telecommunications.
March marked a 4-year low in new foreclosures, with actions increasing in judicial states, but declining in non-judicial ones. In the aftermath of the AG settlement this result seems counterintuitive
Joe Smith could choose a large consulting firm as project team leader only and mandate that this firm pick experts and on-the-ground compliance staff from a wider range of outfits.
Most credit unions outside of the top ten largest institutions do not have the internal systems and personnel to even begin to effectively underwrite and manage commercial loans, large or small.
