Bankers boost size of Worldpay buyout debt on investor demand
Banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. sold $8.64 billion of debt to fund the partial leveraged buyout of Worldpay Inc., boosting the size of the offering in a sign of growing investor demand for LBO debt.
Press Release: Paul Worthing Named FDIC San Francisco Regional Director
PRESS RELEASE | SEPTEMBER 22, 2023 Paul Worthing Named FDIC San Francisco Regional Director WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) has appointed Paul P. Worthing Regional Director, San Francisco Region. In this position, he directs both Risk Management and Consumer Protection supervision programs for financial institutions headquartered in the Region. Mr. Worthing has […]
The Fed says it can regulate stablecoins. So why doesn’t it?
Federal Reserve officials have asserted that stablecoin regulation is necessary and within their jurisdiction. Observers say the central bank’s crypto guidance and policies governing master accounts offer blurry visions of what shape such regulation might take.
Leaders_How a top bank executive plans her next chapter.mp4
Post Content
Treasury program makes record awards to lenders in distressed areas
The Mer Rouge State Bank in Louisiana and Mission National Bank in San Francisco are among 184 banks to receive $70 million of grants from the Bank Enterprise Award Program, its largest awards ever.
Massachusetts mutuals agree to merge, form multibank holding company
The parent companies of Cape Cod 5 and Fidelity Bank have agreed to combine under a multibank holding company called Mutual Bancorp. The bank units would keep their current names and operate independently but pool resources to improve efficiency.
CFPB outlines sweeping data proposal, drawing swift bank condemnation
The Consumer Financial Protection Bureau proposed major changes to the Fair Credit Reporting Act, including eliminating all medical debt from credit reports. But banks and financial firms said the plan would upend 50 years of how courts have interpreted the law.
President Biden nominates Tanya Otsuka to NCUA board
If confirmed to the National Credit Union Administration, Otsuka would succeed Rodney Hood and become the board’s first Asian American member.
20 banks with the best reputation among customers
The top five banks have an average reputation score among customers of 84.1 in 2023.
Fed may have to hike more to fight sticky inflation, Jamie Dimon says
The Federal Reserve’s rate hikes so far are just “catching up,” the JPMorgan chairman and CEO says. Dimon predicts inflation will be at 4% early next year and “won’t be coming down for a whole bunch of reasons.”