Corporate Network Brokerage Services (CNBS) reported that 10 corporates have sold their shares in the company back to CNBS. CNBS said that of the remaining eight corporate owners, four have purchased additional shares as part of a private placement. Five natural-person CUs have also purchased shares; the names of those credit unions were not disclosed.
The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers say the bureau should have been more explicit as the nation wrestles with systemic racism.
An international coalition led by Bank of America chief Brian Moynihan has proposed a framework for assessing how well big corporations are meeting the environmental, social and governance expectations of investors who value stakeholder capitalism.
Capping a series of appearances on Capitol Hill this week, the Federal Reserve chair and Treasury secretary emphasized that they don’t have the authority to reallocate CARES Act funds to assist small businesses on their own.