Cap Markets

A former market president for State Bank Financial would serve as CEO of the proposed Classic City Bank.

Many borrowers will suffer unless the program, the central bank's latest response to the coronavirus pandemic, includes consumer loans issued by fintechs.

The central bank will prioritize monitoring and outreach while reducing examination activity due to the coronavirus pandemic until at least the end of April.

The Federal Housing Finance Agency authorized the government-sponsored enterprises to lend additional support to the mortgage-backed securities market and temporarily allow some flexibility in lending requirements to address coronavirus-related concerns.

The Federal Reserve committed Monday to conducting more asset purchases of Treasury securities and mortgage-backed securities and announced $300 billion in new financing for credit facilities.

The Federal Reserve committed Monday to conducting more asset purchases of Treasury securities and mortgage-backed securities and announced $300 billion in new financing for credit facilities.

The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments.

Organizers of Coastal Community Bank must raise $19.5 million before opening.

Triad Business Bank, which will immediately have offices in three cities, will debut next week.

Organizers of Riverside Bank of Dublin will need to raise $18 million before opening.