The administration faces a slew of immediate financial policy tasks, such as passing a new round of small-business aid, charting a course for Fannie Mae and Freddie Mac and filling vacant agency leadership posts.Read More
Read More »Banking & Finance
A thing apart
What about tears that are not about life outside the office walls, but life inside them? Tears need gravity. Did you even know that? I didn’t. I read it in “An Astronaut’s Guide to Life on Earth”. And, of course, it makes sense. Your tear ducts will still produce tears in …
Read More »Citizens open to bank acquisitions, CEO says
Providence, R.I.-based Citizens Financial has largely focused on nonbank deals in recent years, but CEO Bruce Van Saun said the race for scale in the industry is prompting more banks — including his own — to consider mergers.Read More
Read More »Turning LendingClub into a full-spectrum bank
The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says.Read More
Read More »Citigroup to cut bonuses for top executives after U.S. reprimand
Citigroup will reduce bonuses for dozens of its top executives after the bank was reprimanded by regulators last year.Read More
Read More »NCUA, CFPB to coordinate some oversight of large credit unions
The National Credit Union Administration and the Consumer Financial Protection Bureau will hold strategy sessions and share information tied to consumer protections at institutions with more than $10 billion of assets.Read More
Read More »We see further upside in financials over the intermediate term: Barclay’s Jason Goldberg
Bank earnings will kick off tomorrow with Citi, J.P. Morgan, and Wells Fargo all on deck to report results. Jason Goldberg, Barclay’s managing director and senior equity analyst, joins ‘Closing Bell’ to talk about whether there’s more upside for financials.Read More
Read More »Healthtech firm Accolade is buying telemedicine start-up 2nd.MD for $460 million, sources say
Just as the digitization of finance has attracted billions in investment and a flurry of M&A, health tech has seen a surge in interest during the pandemic.Read More
Read More »Truist’s marketing pact with NFL has social justice hook
A sponsorship deal between the regional bank and the league will emphasize economic empowerment and financial education. It’s a good example of how corporations increasingly seek to associate their brands with a cause or purpose, experts say.Read More
Read More »First Republic profits jump 20% on surging mortgage demand
Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.Read More
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