Capital One's $17B mortgage sale paves way for stock repurchase
Capital One Financial Corp. plans to repurchase shares following the sale of $17 billion in mortgages to a Credit Suisse subsidiary. ... Read full article
Capital One Financial Corp. plans to repurchase shares following the sale of $17 billion in mortgages to a Credit Suisse subsidiary. ... Read full article
Speaker Paul Ryan said the House will vote on Dodd-Frank reform legislation that originated in the Senate, but additional House reg relief measures are still on the table. ... Read full article
Eric Itambo will become chief banking officer of CoBank, where he will oversee all lending operations. ... Read full article
In letters to the six largest U.S. banks, the Ohio Democrat accused the banking sector of moving call center jobs overseas while reaping benefits from the recent tax cut law. ... Read full article
About 175 million Americans now have access to a credit card, and the delinquency rate has gone up along with that, but an expert at TransUnion, which issued the data Tuesday, said the underlying metrics suggest there is no cause for alarm — yet. ... Read full article
The agency’s rule restricting short-term loans ignores state discretion and harms needy borrowers, argues Louisiana’s attorney general. ... Read full article
The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations. ... Read full article
Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push. ... Read full article
Amanda Norton will lead the charge to improve risk management at Wells Fargo after its phony-accounts and other scandals. ... Read full article
The public face of the Trump administration's revamp of the Consumer Financial Protection Bureau is by no means working alone. ... Read full article
The insurance giant said it would need to make a “significant additional investment” to gain scale and be competitive. It has hired an investment banker to help it unload deposits and loans. ... Read full article
For the second time in a year, the scandal-scarred bank has launched a brand campaign aimed at restoring trust with customers. ... Read full article
Freddie Mac has quietly started extending credit to nonbanks that issue mortgages, a move it says will help the companies maintain access to a crucial stockpile of cash if their home loans go sour. ... Read full article
Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices. ... Read full article
The group made its plea in a petition, signed by over 10,000 community bank employees, urging lawmakers to quickly move a bill rather than subject the process to "further delay or inaction." ... Read full article
Bank agrees to pay $480 million to investors related to the phony accounts scandal; Daniel Tarullo’s Fed departure called a turning point on oversight. ... Read full article
Today's senior leaders seem more willing than their predecessors to take bold stands on controversial topics, in part because employees and investors expect them to. ... Read full article
The Federal Reserve’s top regulator says proposed capital changes make system safer while overall capital levels are unchanged. ... Read full article
Trump-appointed regulators are making headway on easing regulations. But there's one critical voice missing. ... Read full article
One woman's legal battle of more than a decade could develop into one of the biggest gender discrimination lawsuits to hit Wall Street. Bank of America faces a complaint after its sexual harassment ouster, and loses another top female executive. Plus, ... Read full article