Barclays cuts 50 senior dealmakers as firmwide job cuts begin
The cuts are said to be part of a plan to trim headcount by about 300 people — or 3% of overall jobs — across the corporate and investment bank.
Fed’s Bowman wants more research of regulatory thresholds, deposits
During a speech at a community banking research conference, the Federal Reserve Board governor emphasized the importance of an “evidence-based approach” to regulatory policy.
Ripple, Coinbase licensed in Singapore; Revolut under fire in the U.K.
Singapore’s regulators grant payment licenses to Ripple and Coinbase, Stripe expands pay-by-bank in Africa, U.K. regulators pressure Revolut and more.
Reverse-mortgage lawsuit claims Ginnie Mae reneged on loan promises
Federal housing authorities persuaded Texas Capital Bancshares to help with the fallout from a bankrupt reverse-mortgage provider, then went back on their promises of financial support, the company says in a new lawsuit.
FDIC’s McKernan questions rationale behind Basel endgame standards
Federal Deposit Insurance Corp. Board member Jonahtan McKernan raised concerns Wednesday over his agency’s justification for imposing higher capital on banks, saying they could give nonbanks a more competitive edge in certain activities.
Franklin Templeton CEO on the ‘unintended consequences’ from interest rate hikes
At the Most Powerful Women in Banking conference, asset management leader Jenny Johnson discussed opportunities and risks for portfolio managers in 2023.
Higher bank capital requirements would harm low-income borrowers most
The Biden administration’s misguided attempt to protect the banking system from itself will reduce credit available to the Americans who need it most.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | OCTOBER 4, 2023 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in July 2023. […]
Stripe’s AI journey as both vendor and client
The fintech, a partner of OpenAI, is also a provider to several developers of emerging artificial intelligence.
SEC pushes ahead with case against Coinbase crypto exchange
The Securities and Exchange Commission is pushing ahead with its litigation against Coinbase, raising the stakes further in the case against the biggest U.S. crypto exchange.