In a world where confidence is rewarded more than indecision, businesses risk elevating confident leaders who overestimate their abilities. In banking, that can have harmful effects.
This is a good time for bank risk managers and bank regulatory examiners to evaluate the effects of a deepening retail crisis on the financial services sector.
As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.
Five Star Bancorp in California is the latest bank to work with a marketplace lender on referrals. The move comes as the SBA programs have record volumes while concerns linger about banks working with third parties.
Years after the worst of the housing crisis, states still dealing with high foreclosure activity are weighing laws to speed the process on vacant or abandoned properties.
The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer.
The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.
A carve-out that shielded billions of dollars in collateralized loan obligations from Dodd-Frank's risk-retention mandate could work against banks and other CLO managers if Dodd-Frank is overhauled.
The financial press looks at possible ramifications from Jes Staley's attempt to unmask a whistleblower at the British bank; why has the digital currency failed to live up to eight years of hype?
