Second-lien warehouse facility availability hits 2-year high
The share of warehouse lenders offering funding lines and sublimits for seconds has risen to new heights according to a Mortgage Bankers Association survey.
Convicted FTX founder Bankman-Fried asks for Trump pardon
The former crypto wunderkid added a presidential-pardon application to the long list of attempts to get his sentence reduced.
Why big banks bet on Hyperledger Besu
Citi, DTCC and others are quietly using Hyperledger Besu as a neutral, enterprise-grade blockchain for tokenized deposits and collateral. Daniela Barbosa, general manager of decentralized technologies at the Linux Foundation, explains why.
The FDIC should release more data on deposit behavior during bank runs
The FDIC’s recent analysis of the deposit flight that helped take down Silicon Valley, Signature and First Republic banks in 2023 is informative. However, it leaves unanswered some important questions about regulators’ assumptions related to brokered deposits.
Utah community bank to rename itself as Quill Bank
Capital Community Bank is preparing to launch its fintech-focused rebrand by the end of this month.
Banks take steps to prepare for NYC rent freeze
OceanFirst Financial and Hanover Bancorp are among the banks paring back their exposure to the rent-regulated multifamily loan market in New York City. Mayor Zohran Mamdani has appointed six of the nine members of a board that’s scheduled to vote later this month on a rent freeze.
Truist taps ex-BofA executive Cathy Bessant to serve on board
Cathy Bessant, who was Bank of America’s vice chair of global strategy when she retired, is joining Truist’s board of directors and will sit on the company’s risk committee. Bessant was American Banker’s Most Powerful Woman in Banking for three consecutive years.
In ongoing records purge, CFPB deletes supervisory reports
The Trump administration’s Consumer Financial Protection Bureau has quietly scrubbed over a decade of consumer guidance and public records from its website.
The Multi-Rail Future of Cross-Border Payments
There is no one-size-fits-all solution for cross-border payments
A bank breaks its silence on its shadow-AI breach
An employee uploaded customer data to an unauthorized AI app. The bank says it reached the vendor before a model could train on the data.