Hints and tips:
...BBVA Spanish lender BBVA was offered a tantalising escape route from the US retail market last month when PNC offered to pay $11.6bn for the 637-branch operation....
...The 50-year-old lawyer — whose career includes roles at OneWest Bank and Fannie Mae as well as, most recently, as chief legal officer at the cryptocurrency exchange Coinbase — was appointed acting head of...
...Credit Suisse’s own securities arm underwrote the debt, issued by the bank’s New York branch. The bank is expected to issue more Sofr-linked debt, with other issuers also anticipated to follow....
...Granted, standards in nonprime are generally looser than those that apply to mortgages eligible to be bought by government agencies such as Fannie Mae....
...That means that banks will be under pressure to find more ways to boost profits, such as accelerating branch closure programmes....
...Moreover, many say using such information can remove subjectivity from an underwriting process that historically involved being sized up in person by a loan officer at a bricks-and-mortar bank branch....
...Imagine walking into a branch of RBS or Citi seeking a loan, pointing out that you have shifted a mountain of your existing credit card debt to the “bad” part of your balance sheet and asking the manager...
...Of 36 executive branch nominees filibustered since 1949, 16 have been under Mr Obama....
...(New York Times) The travel agency’s address is “which appears to be almost fully occupied by Third Branch of Shanghai’s Finance and Taxation Bureau”....
...Fannie Mae and Freddie Mac, the government-owned mortgage finance companies, are demanding that banks repurchase loans that may not have adhered to proscribed underwriting guidelines....
...- Mortgage implode-o-meter Fannie and Freddie tumble – FT...
...Finally, while there were private sector and executive branch failures, Congress also bears responsibility....
...During the current mortgage crisis, the NY Fed was granted authority to lend extraordinary funds to Fannie Mae and Freddie Mac if necessary....
...On the campaign trail, however, the presidential candidates have said little about the crisis beyond broadly supportive comments about government efforts to rescue Fannie Mae and Freddie Mac, the ailing...
...However, Congress can fairly ask if this role is appropriate for a branch of government with limited accountability....
...The moves, which follow last month’s decision to merge Citigroup’s mortgage, home equity, and residential lending businesses, will be accompanied by staff and branch reductions and the merger of administrative...
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