Ex-Goldman Sachs associate gets 28 months in insider trading case
The judge in the case said the former associate needed to go to prison in order to send a message to others in the financial industry.
Waller says Fed getting ‘closer’ to cutting rates, not there yet
Federal Reserve Gov. Christopher Waller said that economic data seems to indicate that the economy will achieve a so-called “soft landing” but said he would like to see additional data before the central bank cuts interest rates.
Morgan Stanley selling $8 billion of bonds as demand soars
Morgan Stanley became the latest big Wall Street bank to tap the U.S. investment-grade market Wednesday after reporting earnings, as strong investor demand helps lenders borrow at lower yields than would have been possible at the start of the month.
Final automated valuation model rule published by 6 regulators
The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.
Capital One rolls out community benefit plan ahead of merger hearing
The credit card giant says its proposed acquisition of Discover would facilitate a bevy of community development activity and philanthropy. But some public advocacy groups are skeptical.
Stop letting credit unions buy community banks
Congress needs to take immediate action to reform policies that foster this trend and ultimately subsidize banking consolidation on Main Street, writes Rebeca Romero Rainey, president and CEO of the Independent Community Bankers of America.
How a payments startup fills credit risk gaps for cannabis businesses
CTrust is providing scores specific to the legal weed business, an industry that poses a lot of challenges and opportunities for banks and other lenders.
Joint Press Release: Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models
JOINT PRESS RELEASE | JULY 17, 2024 Consumer Financial Protection BureauFederal Deposit Insurance CorporationFederal Housing Finance AgencyFederal Reserve BoardNational Credit Union AdministrationOffice of the Comptroller of the Currency________________________________________________________________ AGENCIES ISSUE FINAL RULE TO HELP ENSURE CREDIBILITY AND INTEGRITY OF AUTOMATED VALUATION MODELS Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank […]
Alipay expands in Europe; Stripe’s valuation bouncing back
The Chinese technology giant is partnering with BNP Paribas to reach more merchants; Sequoia makes an investment offer that could boost confidence in Stripe; and more.
Cost control helps U.S. Bank boost earnings
The Minneapolis-based company reported an 18% increase in net income thanks largely to slimmed-down operating expenses. It notched modest increases in loans and deposits, while asset quality issues remained manageable.