Bankruptcy Blogs

FHFA takes another big step toward single security for GSEs

09/12/18

The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is implemented next year.

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John Kanas to retire from banking — again

09/12/18

Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.

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What was Jamie Dimon thinking?

09/12/18

The JPMorgan Chase leader overshadowed his own community investment event by baiting President Trump.

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Fintech out to start national bank clears one hurdle but faces more

09/12/18

Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.

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First Horizon to book big 3Q gain from selling Visa stock

09/12/18

The Tennessee regional said the sale should boost quarterly profit by $160 million.

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Dimon says he could beat Trump in election because ‘I’m smarter’

09/12/18

By noon, JPMorgan sent out a statement from Chairman and CEO Jamie Dimon, backtracking completely.

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Momentum is building for small-dollar loans

09/12/18

U.S. Bank’s announcement that it will begin offering small installment loans could open the door for other financial institutions to offer them as an alternative to pricey payday loans.

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PacWest to enter northern Calif. with El Dorado Savings purchase

09/12/18

The Los Angeles company will also gain its first branches in Nevada after completing the $467 million acquisition.

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Bad day for cryptocurrency, Goldman

09/12/18

Court gives securities regulators a victory on initial coin offerings; bank’s stock suffers its longest losing streak.

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JPMorgan invites cities to compete for $500M in development funds

09/12/18

The nation's largest bank said Wednesday it is seeking proposals on ways to address economic inequality in local neighborhoods across the country.

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