Coordinators of a financial-industry backed blockchain project say they have successfully demonstrated that the distributed ledger technology can be used to syndication, trade and make payments on leveraged loans.
Affordable housing advocates are skeptical of claims by the Department of Housing and Urban Development that proposed cuts to the agency's budget will eventually be made up for by additional funding in the infrastructure bill.
New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.
Texas Capital ties bankers’ bonuses to loan performance instead of volume. The strategy has aided recruitment and helped the bank achieve exceptional loan growth while keeping credit quality respectable.
The U.S. government ordered Wells Fargo to reinstate a former bank manager who was fired after reporting suspected illegal behavior to his superiors and a company hotline.
Blockchain Capital wants to raise $10 million by issuing its own digital token, a method the firm says is the future for startups, VCs and everybody else.
