Hints and tips:
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...Regional US lender New York Community Bancorp on Wednesday revealed it had taken large losses on loans tied to commercial property, while Japan’s Aozora Bank and Deutsche Bank on Thursday warned about the...
...as a food for monsters....
...Smaller regional and “super-regional” banks such as Citizens and US Bancorp will report results the week of April 17. First Republic will report on April 24....
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...So in the case of a deal, assuming 100% equity would seem most likely to us....
...Meanwhile, the UBS economic team has a monster note recutting all its forecasts for pandemic....
...Mortgage lending rules: Makes it easier for small banks to offer mortgages by increasing legal protection and reducing data requirements....
...A few years ago staff at US Bancorp began to wonder if they could not do away with printing thousands of copies of the annual report....
...One strong candidate to succeed Mr Gruenberg is Jelena McWilliams, chief legal officer at Fifth Third Bancorp in Cincinnati....
...Mr Katz was indicted alongside Ruth V. Katz, his wife. The couple fled the US before a plea hearing....
...Goldman got permission for an increase of about 11 per cent and US Bancorp for 7 per cent. In contrast Citigroup was cleared to double its dividend....
...Lex spies an opportunity in mortgage credit — which should continue to grow as long as corporate debt concerns don’t hammer consumers....
...Richard Davis, chief executive of US Bancorp, told investors that the country’s fifth-largest lender by assets was being “very watchful”....
...In the spring, US Bancorp launched a service allowing customers to make instant payments from a smartphone, charging $6.95 per transaction....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Regulators in the US have settled a landmark case of racial “redlining”, ordering Hudson City Bancorp to pay more than $30m in fines and restitutions for building a mortgage business that skirted black and...
...The US regionals generally avoided the risky mortgage trading high jinx that doomed their larger rivals....
...JPMorgan, Santander, US Bancorp and EverBank also have to get permission from the OCC before acquiring new mortgage servicing rights or new contracts to perform mortgage servicing....
...Richard Davis, chief executive of US Bancorp, the number seven bank by assets, said this week he did not want to cut more because “we’ve hung on here for eight years and done quite well”....
...They believe AIG would boost shareholder value considerably if it separated its property-and-casualty, life and mortgage insurance operations....
...It took deposits that were held by Bancorp, a private label bank, motto: “You may not have heard a lot about us. And that’s by design.”...
...“But it wasn’t like I have five kids, a mortgage and a massive amount of debt. So you just had to think, what’s the worst that can happen?...
...KB Home blamed construction scheduling for the decline in deliveries and noted there were delays in customer mortgage loan closings....
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