Pope, bank CEOs warn of looming AI job apocalypse
The CEOs of JPMorganChase, Goldman Sachs and Standard Chartered said they’re reducing some roles due to advances in AI, the same week the Pope spoke of the need to protect workers.
Regions to pay $4.9M for allegedly forgiving ineligible PPP loan
The Department of Justice said that Birmingham, Alabama-based Regions sought forgiveness from the Small Business Administration for a Paycheck Protection Program loan that the bank should have known did not qualify.
Why an FHA rule for nonborrowing spouses is making waves now
Homebuyers applying for Federal Housing Administration loans in community property states are facing hurdles that current market conditions have heightened.
Why servicing is so important to mortgage originators now
The latest acquisition activity points to the importance of decisions lenders make regarding their MSRs in 2026 and some considerations unique to each company.
FHA adds automation for spot approvals on condos
The streamlining is designed to further expedite a process which allows mortgage companies to get a case number for loans on single units even if the building they’re in doesn’t have one.
The IMF is right about tokenization, but still misses the point
Tokenization is being adopted from within the system, not alongside it. It’s improving how markets operate by making settlements faster, increasing their mobility, boosting transparency and expanding access.
Berkshire’s dry powder is sending a message
Berkshire Hathaway is narrowing its bank exposure, and sitting on a mountain of money. That says something about the market.
Will Berkshire stay in bank stocks after Buffett’s exit?
Berkshire Hathaway’s banking-related investment strategy is murky, after the arrival of new leadership and the sale of its stakes in Visa and Mastercard.
Crypto still has a serious trust problem that companies must address
Consumers don’t mistrust crypto products because they don’t understand the technology behind them. They mistrust them because they have seen them fail under pressure. The path forward will be slow and incremental.
Press Release: Agencies Publish Resolution Plan Feedback Letters for Certain Domestic and Foreign Banking Organizations
PRESS RELEASE | MAY 22, 2026 Agencies Publish Resolution Plan Feedback Letters for Certain Domestic and Foreign Banking Organizations WASHINGTON—The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for several resolution plans submitted in July 2025. Resolution plans, also known as living wills, must describe a banking organization’s strategy for […]