A $60 billion portfolio containing largely commercial real estate (CRE) loans of the failed Signature Bank will soon be up for sale, the federal insurer of bank deposits said late Monday. According to the Federal […]
An unauthorized contractual commitment that cost the federal bank deposit insurance agency $4.2 million and a prolonged increase in operational, monetary, legal, and reputational risks is outlined in a report published Monday by the agency’s […]
A federal credit union that was placed in conservatorship in December – Richmond City Employees FCU of Richmond, Ind. – was merged into Kemba Credit Union of West Chester, Ohio, effective April 1, according to […]
Guidance aimed at addressing abusive conduct in consumer financial markets was issued Monday by the federal consumer financial protection agency, which termed the guidance a “policy statement” explaining the legal prohibition on abusive conduct in […]
The standard “flight to safety” in times of financial stress can have a destabilizing effect, including a “dash for cash” or a market run by liquidity investors – which may have been the dynamics for […]
Three regulators will continue representing their states on the advisory council for states to the umbrella group of federal regulators, the group said Monday. According to the Federal Financial Institutions Examination Council (FFIEC), Kevin Allard, […]
A bridge loan scheme that allegedly ended up costing the Small Business Administration an estimated $8.8 million is at the root of a Federal Deposit Insurance Corp. (FDIC) notice in February regarding prohibitions, fines assessments […]
Acting Comptroller of the Currency Michael Hsu has added a new role and title to his duties: chair of the umbrella group for the federal financial institution regulators, the group said Friday. Hsu was named […]
Bank trading revenue in the fourth quarter of 2022 was up from the same quarter of the previous year by nearly 34% to $9.6 billion, even though the revenue was down from the previous 2022 […]
A report that includes data on 22% of all residential mortgage debt outstanding – 12 million loans totaling $2.7 trillion in principal balances – in the U.S. shows that the performance of first-lien mortgages declined […]
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