Automated Marketing, DSCR Servicing, Pricing Tools; Fiserv Deal; MBA's Ginnie Proposal
Monday, December 23, 2024 from Mortgage News Daily
Why do ducks have feathers? To cover up their butt quacks. Why did Congress pass a three-month, stopgap funding bill? To cover their… never mind. But the government continues to function, and the good news for borrowers and lenders is...
ECB's top banking supervisor sees sector resilience as interest rates fall
Tuesday, December 17, 2024 from Banks
Claudia Buch, chair of the European Central Bank's Supervisory Board, discusses the biggest concerns for the banking sector in 2025, sector resilience as interest rates fall, and industry consolidation.
Guild Mortgage review: Down payment assistance and specialty loans
Monday, December 2, 2024 from Banks
Guild Mortgage has diverse loan options, flexible credit requirements and ample down payment assistance programs.
Expect a 'stabilization of regulation' in financials under Trump: Morgan Stanley's Betsy Graseck
Wednesday, December 11, 2024 from Banks
Betsy Graseck, Morgan Stanley global head of banks and diversified finance research, joins 'Squawk Box' to discuss the company's latest large cap banks upgrades and downgrades in 2025, impact of President-elect...
Time For One of Those "Path of Least Resistance" Headlines
Tuesday, December 24, 2024 from Mortgage News Daily
Bonds are selling off for no obvious reasons for however many days in a row it's been (at least 2 unless you count last Thursday). Episodes like this result in bond analysts dusting off phrases like "the path of least...
Direct Line rejects Aviva takeover offer of £3.3bn
Wednesday, November 27, 2024 from Money: Insurance | theguardian.com
Insurer rebuffs move as ‘highly opportunistic’ and follows dismissal of offer from Belgian firm Ageas in February Direct Line has rejected a £3.3bn takeover offer from its bigger UK rival Aviva, the second time it has rebuffed a suitor...
Joint Press Release: Agencies Issue Statement on Elder Financial Exploitation
Wednesday, December 4, 2024 from Press Releases - Recent Updates
JOINT PRESS RELEASE | DECEMBER 4, 2024 Federal Deposit Insurance Corporation Board of Governors of the Federal Reserve System Consumer Financial Protection Bureau Financial Crimes Enforcement Network National Credit Union Administration...
Press Release: FDIC Makes Public October Enforcement Actions; No Administrative Hearing Scheduled for December 2024
Friday, November 29, 2024 from Press Releases - Recent Updates
PRESS RELEASE | NOVEMBER 29, 2024 FDIC Makes Public October Enforcement Actions; No Administrative Hearings Scheduled for December 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of...
Minutes of the Board's discount rate meetings on October 7, October 28, and November 7, 2024
Tuesday, December 3, 2024 from FRB: Press Release - All Releases
Minutes of the Board's discount rate meetings on October 7, October 28, and November 7, 2024
Federal Reserve Board and Federal Open Market Committee release economic projections from the December 17-18 FOMC meeting
Wednesday, December 18, 2024 from FRB: Press Release - All Releases
Federal Reserve Board and Federal Open Market Committee release economic projections from the December 17-18 FOMC meeting
No Help From Weaker Econ Data. Holiday Week Idiosyncrasies
Monday, December 23, 2024 from Mortgage News Daily
The most interesting analysis we can offer today is a simple reminder that the word "idiosyncrasy" has an "S" at the end instead of the "C" that we're all thinking it should have. Speaking of idiosyncrasies, holiday...
Federal Reserve Board issues enforcement action against Lineage Financial Network and announces termination of enforcement actions with National Bank of Pakistan and National Bank of Pakistan New York Branch
Thursday, December 19, 2024 from FRB: Press Release - All Releases
Federal Reserve Board issues enforcement action against Lineage Financial Network and announces termination of enforcement actions with National Bank of Pakistan and National Bank of Pakistan New York Branch
New Homes Sales Bounce Back After Hurricane Season
Monday, December 23, 2024 from Mortgage News Daily
Those who spend any time digging into home construction and home sales figures in the U.S. know that, of the 4 census divisions, the South accounts for about twice as much activity as the other 3 regions combined. For example, in...
Lead Bank CEO Jackie Reses: Evolution of crypto will only add to the continuing evolution of banking
Monday, December 9, 2024 from Banks
Lead Bank CEO, chair and co-founder Jackie Reses joins 'Squawk Box' to discuss the future of fintech, AI and crypto, impact of the second Trump administration, whether tech founders are being 'debanked', and more.
Due to evolving legal landscape & changes in the framework of administrative law, Federal Reserve Board will soon seek public comment on significant changes to improve transparency of bank stress tests & reduce volatility of resulting capital requirements
Monday, December 23, 2024 from FRB: Press Release - All Releases
Due to evolving legal landscape & changes in the framework of administrative law, Federal Reserve Board will soon seek public comment on significant changes to improve transparency of bank stress tests & reduce volatility of...
The Paypers wishes you a joyful holiday season – we'll be back on 6 January 2025!
Friday, December 20, 2024 from The Paypers Headlines
We want to express our heartfelt gratitude for the trust and support you’ve shown us throughout 2024.
Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year
Wednesday, December 18, 2024 from NYT > Banking Industry
The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025.
Federal Reserve Board provides technical clarification that its account access guidelines apply to excess balance accounts
Monday, December 9, 2024 from FRB: Press Release - All Releases
Federal Reserve Board provides technical clarification that its account access guidelines apply to excess balance accounts
Bank of America CEO Brian Moynihan on the economy, President-elect Trump and regulatory outlook
Tuesday, December 17, 2024 from Banks
Bank of America CEO Brian Moynihan joins 'Squawk Box' to discuss the latest market trends, what to expect in 2025, his thoughts on the incoming Trump administration, M&A and regulatory outlook, impact of Trump's tariff...
FDIC Board of Directors Meeting
Tuesday, December 17, 2024 from Press Releases - Recent Updates
BOARD MEETING | DECEMBER 17, 2024 FDIC Board of Directors Meeting Today the Federal Deposit Insurance Corporation’s Board of Directors met in open and closed sessions. Materials and information relative to the Board actions are...
'Not all paths lead to a stronger dollar,' strategist says
Tuesday, December 3, 2024 from Banks
John Hardy, chief macro strategist at Saxo, discusses the bank's annual outrageous predictions for next year.
Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances
Friday, December 6, 2024 from FRB: Press Release - All Releases
Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances
Joint Press Release: Federal Bank Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden
Tuesday, December 3, 2024 from Press Releases - Recent Updates
JOINT PRESS RELEASE | DECEMBER 3, 2024 Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency ________________________________________________________________ Federal Bank Regulatory...
Not as Bad as it Could Have Been
Friday, December 20, 2024 from Mortgage News Daily
Not as Bad as it Could Have Been After Wednesday's Fed-driven sell-off, it was unlikely if not impossible that bonds wouldn't end up saying they had a bad week. That is certainly still the case, but after Friday, it's not as bad as...
This 'stepping stone' strategy helps parents boost their kids' credit score. Here's how it works
Monday, December 2, 2024 from Banks
Adding a child as an authorized user to your credit card account can help jumpstart their credit history. But there can be risks, experts said.
Global banking outlook stabilizes, but China lags behind: Moody's Ratings
Friday, December 13, 2024 from Banks
David Yin, Vice President and Senior Credit Officer at Moody's Ratings, says a negative outlook persists for Chinese banks despite an upgrade in global bank forecast. Chinese banks will continue to face pressure from weakened...
National Rates and Rate Caps
Monday, December 16, 2024 from Weekly National Rates and Rate Caps - Recent Updates
NATIONAL RATES AND RATE CAPS | DECEMBER 16, 2024 Thank you for opting to receive emails alerting you when the FDIC's National Rates and Rate Caps webpage is updated. The National Rates and Rate Caps webpage is generally updated on the...
UniCredit's Orcel could still sweeten his bid and take on a double M&A offensive
Friday, December 6, 2024 from Banks
Divided between two takeover courtships, UniCredit's Andrea Orcel may need to decide between going big abroad or staying home.
Federal Reserve Board announces approval of application by SouthState Corporation
Friday, December 13, 2024 from FRB: Press Release - All Releases
Federal Reserve Board announces approval of application by SouthState Corporation
Bowman, Artificial Intelligence in the Financial System
Friday, November 22, 2024 from FRB: Speeches and Testimony
Speech At the 27th Annual Symposium on Building the Financial System of the 21st Century: An Agenda for Japan and the United States, Washington, D.C.
Swiss wealth manager Lombard Odier indicted on money laundering charges
Friday, November 29, 2024 from Banks
Lombard Odier — one of Switzerland's oldest private banks — has been indicted by Swiss prosecutors on charges of aggravated money laundering.
How a Government Shutdown Could Affect the Economy
Friday, December 20, 2024 from NYT > Banking Industry
A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
Art Cashin, New York Stock Exchange fixture for decades, dies at age 83
Monday, December 2, 2024 from Banks
Art Cashin was UBS' director of floor operations at the NYSE and a man The Washington Post called "Wall Street's version of Walter Cronkite."
Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
Thursday, December 19, 2024 from NYT > Banking Industry
Stubborn inflation, tax rises and high interest rates make it difficult for many to muster optimism, at least in the short term.
'This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO
Friday, December 6, 2024 from Banks
Threats against corporations have been rising for years, fueled in part by the echo chamber of social media and an increasingly polarized political environment.
Agencies release annual asset-size thresholds under Community Reinvestment Act regulations
Thursday, December 19, 2024 from FRB: Press Release - All Releases
Agencies release annual asset-size thresholds under Community Reinvestment Act regulations
Bank sector could see regulatory reform ahead
Friday, December 13, 2024 from Banks
CNBC's Leslie Picker reports on news regarding the incoming administration.
Banks hit credit card users with higher rates in response to regulation that may never arrive
Tuesday, December 3, 2024 from Banks
CFPB regulation meant to save consumers $10 billion a year has resulted in higher costs for some, as banks react by hiking interest rates and charging new fees.
Steady Selling in Bonds. 'Tis The Season?
Monday, December 23, 2024 from Mortgage News Daily
Steady Selling in Bonds. 'Tis The Season? Bonds began the day in weaker territory and continued to sell off through 2pm ET despite an absence of any obvious justifications. That said, 'tis the season for bonds to move whichever way...
Chainalysis acquires Hexagate to invest in prevention
Friday, December 20, 2024 from The Paypers Headlines
Chainalysis has purchased Hexagate , a company specialising in web3 security solutions that detect and tackle real-time threats, including cyber exploits.
Press Release: FDIC Issues CRA Examination Schedules for First Quarter 2025 and Second Quarter 2025
Friday, November 29, 2024 from Press Releases - Recent Updates
PRESS RELEASE | NOVEMBER 29, 2024 FDIC Issues CRA Examination Schedules for First Quarter 2025 and Second Quarter 2025 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a...
Press Release: FDIC-Insured Institutions Reported Net Income of $65.4 Billion in the Third Quarter
Thursday, December 12, 2024 from Press Releases - Recent Updates
PRESS RELEASE | DECEMBER 12, 2024 FDIC-Insured Institutions Reported Net Income of $65.4 Billion in the Third Quarter Net Income Decreased From the Prior Quarter, Driven By One-Time Items Community Bank Net Income Increased Quarter Over...
Federal Reserve Board announces approval of application by United Bankshares, Inc.
Friday, November 29, 2024 from FRB: Press Release - All Releases
Federal Reserve Board announces approval of application by United Bankshares, Inc.
Joint Press Release: Agencies Release Annual Asset-Size Thresholds Under Community Reinvestment Act Regulations
Thursday, December 19, 2024 from Press Releases - Recent Updates
JOINT PRESS RELEASE | DECEMBER 19, 2024 Federal Deposit Insurance Corporation Federal Reserve Board Agencies Release Annual Asset-Size Thresholds Under Community Reinvestment Act Regulations The Federal Reserve Board and the Federal...
Bank of Japan expected to keep rates on hold this week — CNBC survey
Monday, December 16, 2024 from Banks
The central bank is expected to keep interest rates on hold this week, awaiting clarity on domestic trends and U.S. policy under Trump, a CNBC survey finds.
Who Qualifies for IRS Payments of Up to $1,400 in Unclaimed Stimulus Credit?
Monday, December 23, 2024 from NYT > Banking Industry
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.
Federal bank regulatory agencies seek further comment on interagency effort to reduce regulatory burden
Tuesday, December 3, 2024 from FRB: Press Release - All Releases
Federal bank regulatory agencies seek further comment on interagency effort to reduce regulatory burden
Banks blame high credit card rates on regulation that's unlikely to arrive
Wednesday, December 4, 2024 from Banks
Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds
Thursday, December 12, 2024 from Banks
Banks with commercial real estate exposure have struggled after the Federal Reserve hiked interest rates through 2023, leaving them with unrealized losses.
Consumer Bankers Association CEO Lindsey Johnson on CFPB lawsuit, bank overdraft fees
Friday, December 13, 2024 from Banks
Lindsey Johnson, Consumer Bankers Association president and CEO, joins 'Squawk Box' to discuss the organization's lawsuit against the Consumer Financial Protection Bureau following a ruling on limiting bank overdraft fees,...