Stocks

How apps became more trusted than banks, and what banks can do about it

02/17/21

Consumers who have felt betrayed by banks are more likely to turn to mobile apps that give them a greater sense of financial control. Bankers must reconnect with these people and reassure them that their personalized advice is safe and valuable.

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PayPal looks to stock trading, savings in push past checkout

02/12/21

PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.

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Freddie Mac CEO David Brickman resigns, interim leader appointed

11/13/20

Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015.

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Flagstar has record quarter driven by 'super-charged' mortgage market

07/28/20

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

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Wells Fargo extends insider trader restrictions to more employees

07/17/20

Some 3,400 additional staffers in the treasury management group will be required to get pre-clearance before making trades. The policy change was driven in part by increased regulatory scrutiny, the bank said.

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Finance CEOs worry markets are too optimistic about economy

05/28/20

Investors are looking past signs of weakness and toward an eventual recovery, but top executives at BlackRock, Citigroup, Goldman Sachs and other financial firms remain cautious as many cities and states remain in partial lockdown to slow the spread of the coronavirus.

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PNC seeks ‘bulletproof’ balance sheet; hard-hit bank stocks rebound

05/15/20

The regional wants to “play offense” with the proceeds of its $17 billion BlackRock stake; shares of some bank shares jumped 6% Thursday but remain well behind the rest of the market.

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Analyst coverage of Fannie another sign GSE privatization gaining steam

04/08/19

B. Riley FBR initiated equity coverage of the mortgage giant, citing housing finance reform proposals that could result in Fannie and Freddie Mac being released from conservatorship.

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