Push for gender parity by asset managers stalls
Hybrid working made it easier for some women to pursue a career while balancing family demands but a renewed return-to-office push may reverse some of those gains, a report predicted.
Just four of Europe’s banks had a female CEO in 2022
Women are still underrepresented in senior management positions in 62 European banks, according to a new report that highlighted how nine banks employed no women at all in their top executive group.
Rate locks keep falling — except with one product
Overall rate locks dropped 1.5% on a month-to-month basis; the drop in purchase volume was higher at 1.9%, Black Knight said.
Indiana bank joins list of those shedding branches
Merchants Bancorp says it will sell a total of four branches to two buyers and focus more on its core residential mortgage lending business. Banks of all sizes have been pruning branch networks in recent years.
There is no need for the FDIC to tinker with its brokered deposits rule
Brokered deposits had nothing to do with this year’s bank failures, and regulators shouldn’t pretend otherwise.
Yellen ‘feeling very good’ about soft landing for U.S. economy
Speaking in an interview following the G-20 summit in New Delhi, Treasury Secretary Janet Yellen said she is optimistic that the United States will be able to tame inflation without dipping the economy into recession.
The mighty American consumer is about to hit a wall, investors say
More than half of 526 respondents to a Markets Live Pulse survey said that personal consumption — the most important driver of economic growth — will shrink in early 2024, which would be the first quarterly decline since the onset of the pandemic.
SoFi’s full-service ambitions face key test with Instacart IPO
SoFi Technologies’ effort to transition from upstart fintech firm to the big leagues of financial institutions will face an important step possibly as soon as next week when the company helps take Instacart public.
The tech shortcut that’s speeding payments innovation
Low-code programming, which uses easy-to-understand visual elements to guide upgrades, is catching on with fintechs that want to avoid large projects.
For the Fed, taming inflation also means navigating a housing crisis
Federal Reserve Chair Jerome Powell said inflation relief from the housing sector is “in the pipeline” but some say strong underlying demand and an inadequate housing supply could disrupt future rate pauses or cuts.