Director of U.S. data research agency abruptly resigns
Richard Berner, who has headed the Office of Financial Research since its inception, said Monday he will resign by yearend to spend time with family. ... Read full article
Richard Berner, who has headed the Office of Financial Research since its inception, said Monday he will resign by yearend to spend time with family. ... Read full article
Amid the rise of online lending earlier this decade, banks were derided as being too slow to adapt. But over time it's become clear that banks hold key advantages over lending startups. ... Read full article
Bankers are generally happy with the House Republican tax plan released last week, but one provision of the proposed overhaul is likely to give them pause: a cutback in the deduction for deposit insurance premiums. ... Read full article
The online small-business lender, which has been cutting expenses, said it is on track to achieve profitability in the fourth quarter. ... Read full article
Guidance from the CFPB and reduced friction between banks, fintechs and data aggregators are easing bank-fintech partnerships at Wells Fargo, Capital One and others. ... Read full article
With talks about Brexit largely deadlocked, banks have begun putting their contingency plans into action. The focus: Frankfurt. ... Read full article
Prince Alwaleed bin Talal, the billionaire with significant stakes in Citigroup and Twitter, was arrested by Saudi Arabian authorities as part of an alleged anti-corruption purge in the kingdom. ... Read full article
Add MUFG Union to the roster of traditional banks launching a digital division that aims to grab deposits. PurePoint is going up against some more established competitors who are evolving their strategies. ... Read full article
William Dudley is leaving before his term is up; esoteric bank security pays off big. ... Read full article
The HUD secretary’s comment that such use of the False Claims Act was “ridiculous” may delight the mortgage industry but does not bode well for taxpayers or the federal government’s future fraud enforcement efforts. ... Read full article
During his time as Fed governor, Chair-designate Jerome Powell has outlined his views on a host of bank regulatory matters, including the need for regulatory relief, the push for housing finance reform, blockchain and much more. ... Read full article
Federal Reserve Bank of New York President William Dudley is close to announcing his retirement, CNBC reported, citing several people familiar with his plans. ... Read full article
Prince Alwaleed bin Talal, the billionaire with significant stakes in Citigroup and Twitter, was arrested by Saudi Arabian authorities as part of an alleged anti-corruption purge in the kingdom. ... Read full article
James Bennison, head of alternative capital markets at Arch Capital Group, says that a new insurance-linked security helps with regulatory capital requirements and provides information that can help the company to better manage risk. ... Read full article
GS Bank will take the name of Goldman's nascent consumer-lending business, Marcus. ... Read full article
Many industry observers believe Federal Reserve Board Janet Yellen will retire from the central bank once her term as chair expires in February. But there are reasons she might stay. ... Read full article
Growth in loans with higher debt-to-income ratios is reviving focus on a regulatory exemption for Fannie Mae, Freddie Mac and other federal agencies that back mortgages. ... Read full article
Andreas Bubenzer-Paim previously held a technology role at Bank of America. ... Read full article
A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods ... Read full article
The Federal Housing Finance Agency must set fees equal to the cost of capital that private banks hold against similar risk, not just the amount of capital that Fannie and Freddie think are right for themselves. ... Read full article