Richard Berner, Executive-in-Residence at the Center for Global Economy and Business at NYU Stern School of Business.

Richard Berner

Executive-in-Residence at the Center for Global Economy and Business at NYU Stern School of Business

Richard Berner is Executive-in-Residence at the Center for Global Economy and Business at New York University Stern School of Business.

SIFIs

Lowering the bar on financial regulation is fraught with risk

A recent proposal by the Financial Stability Oversight Council to focus less on certain nonbank firms and more on risk activities would create unintended economic harm.

By Richard Berner

June 27

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Industry News

Capital One profit misses estimates as loan write-offs climb

Capital One, like Discover, is showing signs of greater stress in its loan portfolio. Credit-card write-offs totaled $2.2 billion in the first quarter, a 61% increase from a year earlier.

By Paige Smith, Bloomberg News

21m ago
Cryptocurrency

Anchorage Digital debuts crypto settlement network

The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.

By Frank Gargano

1h ago
Payments

Bread Financial 'feverishly' preps for CFPB late-fee rule scenarios

Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.

By Kate Fitzgerald

3h ago