Collectors fume over CFPB plan to ban medical debt from credit reports
Financial firms claim a proposal by the Consumer Financial Protection Bureau would restrict lending, raise borrowing costs and result in more denials of credit to consumers.
U.S. steps after SVB failure likely spurred bond-fund outflows: study
U.S. regulators’ swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits, two New York Fed researchers say.
Citi muni bankers go to Jefferies with department in turmoil
A group of about 10 bankers reportedly is departing Citi for Jefferies.
Adyen-led fintech comeback faces wall of worries
The rebound in Adyen and its European fintech peers this month has been notable, but investors should brace for a bumpy road ahead.
Goldman Sachs raided by recruiters in Wall Street fight for AI talent
The world’s biggest banks have slowly begun experimenting more with artificial intelligence in recent months, spurred by the promise that it will help them boost staffers’ productivity and cut costs.
Commercial delinquencies jump at banks
Stress tests suggest systemically important depositories could weather current risks. Meanwhile, single-family arrears remain low, but that business could be impacted.
All jobs are temp jobs — even those that last a career
The pressures and frustrations of daily work lose some of their ability to aggravate when you consider how much real choice you have in the matter.
Hong Kong bankers have lots of free time, anxiety as deals slump
The big China deals that lined rainmakers’ pockets for decades have evaporated. Banks and law firms alike are cutting jobs. Those advisers that remain are chasing smaller deals and taking extended vacations.
Morgan Stanley fights over $1.5 million bonuses for Paris banker who quit
The outcome of the case could be an added wrinkle for those banks that have expanded their headcounts in Paris after Brexit.
Press Release: FDIC Systemic Resolution Advisory Committee to Meet Next Week
PRESS RELEASE | NOVEMBER 28, 2023 FDIC Systemic Resolution Advisory Committee to Meet Next Week WASHINGTON — The Federal Deposit Insurance Corporation’s (FDIC’s) Systemic Resolution Advisory Committee (SRAC) will meet on Tuesday, December 5, 2023, at 9:00 am ET. The SRAC provides advice and recommendations to the FDIC on a broad range of policy issues […]