George Yacik

The move to largely ignore inflation overshoots is likely to mean low interest rates for years to come; Citi, JPMorgan Chase and Morgan Stanley are underwriting the big Hong Kong portion.

The combined Broadway Federal and City First Bank will have more than $1 billion in assets; the country's cyber capabilities have become "dangerously sophisticated."

Fannie and Freddie’s regulator said it will delay imposing the 0.5% fee until December 1; JPMorgan Chase is also making a strategic investment in buyer in the fintech, ConsenSys.

Ant Group is likely to be valued at more than $200 billion; investors accused the Danish bank of hiding widespread money laundering at its former Estonian branch.

But Fannie and Freddie’s regulator isn’t willing to cancel the 0.5% levy outright; how banks respond to the pandemic is crucial to their long-term survival.

The number of originators has shrunk during the pandemic, while portfolio lenders have gotten more picky; scams against consumers jumped by two-thirds during the first half, Barclays says.

More stimulus is required to prevent a longer and deeper downturn, the latest meeting minutes say; the Canadian bank settled with the DOJ and CFTC over metals market manipulation.

Fannie and Freddie's 0.5% mortgage refi fee might not be the last one as they seek to build capital; a federal judge agrees to freeze money the bank mistakenly paid to lenders.

The bank is suing lenders to return $900 million they were mistakenly paid last week; the deal will put the credit card company in the online small-business lending market.

The company sold major stakes in Wells, JPMorgan, Goldman and others but increased its BofA holding; Shundrawn Thomas says the asset management business needs more Black and Latino representation at the top.