Cap Markets

The Tennessee regional said the sale should boost quarterly profit by $160 million.

Credit union advocates shattered records with the number of comment letters they sent the regulator when its original risk-based capital proposal was issued, but a revision proposed last month garnered just 37 responses.

Housing finance reform is still likely years away, but a growing chorus of lawmakers say the government guarantor has the ability to clear the path to a final plan.

The company and certain investors plan to sell $35 million in stock through the proposed offering.

Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019.

The company said it could use proceeds to fund organic growth or acquisitions.

SWNB Bancorp was unable to secure enough votes to back its proposed sale to Hanmi Financial.

JPMorgan Chase, State Street, Wells Fargo, Citigroup and Bank of America decreased their holdings of tax-exempt bonds by nearly $16 billion in the first half of 2018, according to quarterly filings with the U.S. Securities and Exchange Commission.

Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”

The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.