Mortgage rates tick down for a third week
The markets had a muted reaction to the Federal Open Market Committee pause on raising short-term rates a week ago, Freddie Mac found.
Payments firm that moved $8.3 billion in 2022 loses license
The Bank of Lithuania said it will start bankruptcy proceedings against Payrnet and intends to ask authorities to investigate possible criminal offenses.
Distressed U.S. commercial property assets swell to $64 billion
The amount of distressed assets rose 10% in the first three months of the year, according to a new report from MSCI Real Assets.
Advisory firms render split opinion on First Foundation proxy contest
Activist investor Abbott Cooper said he could continue his campaign against the Dallas-based company’s management and board even if his candidate falls short in her bid to become a director.
After three decades, it’s time to reform certification for CDFIs
Treasury’s plan to overhaul the certification process for community development financial institutions will benefit the communities served by those institutions.
Plaid leans on banks, fintechs to create a stolen-identity database
In its ongoing quest to diversify beyond bank account data-aggregation, Plaid aims to help fintechs and banks to block fraud by sharing data about stolen consumer identities via a fee-based consortium called Beacon.
JPMorgan taps veteran Teresa Heitsenrether to lead the firm’s AI push
CEO Jamie Dimon has called the AI initiative, which includes a vast hiring campaign, “critical to our company’s future success.”
Does a federal court ruling threaten the future of decentralized finance?
A judge ruled this month that a decentralized autonomous organization, or DAO, can be held liable for violating commodity exchange rules. That squashes the notion that the decentralized trading model is enforcement-proof.
Fed’s Bostic says bar to justify further rate hikes is higher
In an online commentary published Wednesday, the Atlanta Fed president said he agreed with the view that “the bar to justify further rate hikes is higher than it was a few months ago.”
Ex-Goldman banker convicted of passing insider tips to squash pal-turned-informant
Brijesh Goel was convicted Wednesday of tipping off former Barclays Plc trader Akshay Niranjan about deals at Goldman.