Federal Home Loan Banks rebuff Treasury, won’t give 20% to housing
Home Loan Bank executives said Congress would have to pass a law for the system to increase its affordable housing contribution above 10% of earnings.
How a Black-owned back went from ‘life support’ to ‘explosive growth’
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Affirm’s faster path to profitability sends its stock soaring
The buy now/pay later company beat analysts’ expectations on revenue, net income and earnings per share as it issued new guidance for the end of its next fiscal year. Its stock was up as much as 31%.
CBO explores ways to solve homeowners insurance issues
A Congressional Budget Office study looks under the hood at homeowner’s insurance and considers strategies like expanding the federal coverage beyond floods.
CIBC, RBC pull away from Canada peers on better credit forecast
Canadian Imperial Bank of Commerce and Royal Bank of Canada both set aside much less money than expected last quarter to cover loan losses.
Is AI’s whopping energy consumption a solvable problem?
Tech companies and banks are trying to shrink the carbon footprints of the large language models they create, host and deploy. Can they move fast enough?
Suburban Minneapolis banks to merge in bid for scale, diversification
Bridgewater Bancshares agreed to acquire First Minnetonka Bancorp. in an all-cash transaction slated to close in the fourth quarter. It would create a nearly $5 billion-asset bank.
What consumers like in co-branded cards
Payment experts say keeping customers happy is the key to maintaining partnerships Here’s what J.D. Power has to say about user satisfaction.
Telegram bust highlights the app’s role in rampant check fraud
The indictment of Telegram’s CEO has added scrutiny to the ways in which messaging apps are facilitating check fraud — and what banks can do to stop them.
20 highest-paid bank executives
The average salary for these top compensated bank executives is more than $21 million.