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Citi's chief lending officer to take over HSBC's U.S. business

Michael Roberts
Michael Roberts will succeed Patrick Burke as president and chief executive of HSBC USA in October.

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Recap of Fannie and Freddie must protect shareholder rights

FHFA headquarters in Washington, D.C.
The seal of the Federal Housing Finance Agency (FHFA) is displayed outside the organization's headquarters in Washington, D.C., U.S., on Wednesday, March 20, 2019.
How the Trump administration can recapitalize Fannie Mae and Freddie Mac while remedying jilted private investors.

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Pittsburgh banks brace for BofA, JPMorgan

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PNC, which has been the city's dominant bank for decades, and other local banks could face pressure as industry heavyweights expand in the market.

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Lending to nonbank lenders is growing — maybe too much

Growth over a two-year period in key categories of bank lending
Loans to other financial firms have soared in recent years, and many are going to private equity or business development firms that then use the funds to make leveraged loans. Should regulators be worried?

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Don't look now, but home equity delinquencies are rising

Home equity loan delinquency rates
Past-due home equity loans and credit lines rose while most other consumer lending categories held steady or improved, according to new data from the ABA. Why it happened is a bit of a mystery.

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Banks take a pass on rollback of overdraft rule

overdraft revenue
The CFPB asked whether 10-year-old consumer protections against overdrafts are onerous or unfair, especially to smaller financial institutions, but banking industry officials largely said any changes could invite new problems.

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What to expect when you're expecting a report on GSE reform

Treasury Department building in Washington D.C.
The U.S. Treasury building stands in Washington, D.C., U.S., on Monday, July 16, 2018. The House this week plans to consider a minibus spending bill that combines legislation funding the Treasury, Internal Revenue Service (IRS), and the Securities and Exchange Commission (SEC) with another bill keeping the Interior Department and Environmental Protection Agency (EPA) running. Photographer: Andrew Harrer/Bloomberg
Treasury and HUD are close to unveiling administrative and legislative options for ending the conservatorships of Fannie Mae and Freddie Mac. Will their findings be heavy on detail or leave a lot unanswered?

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Piper Jaffray to buy Sandler O'Neill for nearly $500 million

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The merger will create a firm with heft in financial services M&A, fixed income and equity research.

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How one small bank is getting rich in wealth management

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Peapack-Gladstone in New Jersey has more than doubled its assets under management in the last six years, taking advantage of buyouts of its smaller rivals as it aims to become less dependent on net interest income.

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The weak underbelly in bank M&A this year

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Set aside the large BB&T-SunTrust merger pact, and most deal metrics were way down in the first half of 2019.

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Career moves Leveraged loans Delinquencies GSE reform Wealth management Citigroup HSBC Fannie Mae Freddie Mac PNC
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