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In the most sweeping capital distribution order since the financial crisis, the Federal Reserve says it will prohibit big banks from buying back their stock in the third quarter and limit dividend payments to second-quarter levels.June 25
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With money flow suddenly stifled for millions of customers, demand for money management tools has skyrocketed.June 19
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The senior official said the Federal Reserve’s gauge of a firm’s performance under economic recovery scenarios will affect decisions about its capital distribution, but individual results of the analysis will not be made public.June 19
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As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.June 15
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The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.June 15
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Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.June 11
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The group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.June 10
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Unlike in previous years, the results from two different evaluations will be released simultaneously and will include an assessment of bank capital under coronavirus-related scenarios.June 9
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Stephen Gordon would become chairman and CEO of Genesis Bank, which is looking to raise $53 million in initial capital.June 9
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The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.June 3
