The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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The nation's second-largest bank reported strong growth in net interest income, revenue and profits. But analysts continued to express concern about unrealized losses, which swelled to $131.6 billion.
October 17
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The two megabanks continue to shrink their branch networks, with BofA planning to close 20 locations and Wells recently shuttering 15. Both banks are also opening new branches in certain markets.
October 17
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Executives of the $405 billion-asset bank say that they have completed 40% of a cost-cutting strategy begun earlier this year.
October 17
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Goldman Sachs said that its partnerships with Apple and General Motors are hard to exit in the short term. So the investment banking giant is concentrating on making the deals profitable, even as it acknowledges that they may not be a long-term fit.
October 17
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Earlier this year, HSBC agreed to pay tens of millions of dollars in settlements to U.S. regulators over its failure to monitor employees' communications on unauthorized messaging apps, including WhatsApp.
October 17
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Amitabh Kant is the G20 Sherpa of India during its presidency year. He was CEO, NITI Aayog (National Institution for Transforming India) — the Government of India's premier policy think tank. Prior to that, he was secretary of the Department of Industrial Policy & Promotion.
October 17
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Mary Ellen Iskenderian is president and CEO of Women's World Banking, the global nonprofit devoted to giving low-income women in the developing world access to the financial tools and resources they require to achieve security and prosperity. She is also the president and CEO of Women's World Banking Asset Management, which invests in growing businesses with innovative solutions that enable women to achieve economic empowerment.
October 17
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Natalie Pierce is the chair of the employment & labor practice, at Gunderson Dettmer
October 17
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The servicer said it entered into the consent order "without admitting any wrongdoing, to avoid the expense and distraction of litigation."
October 17
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Higher interest rates, deposit flight and looming credit losses were roiling the banking industry a few months ago, but so far banks seem to be weathering the storm. That doesn't mean things can't get worse.
October 17
American Banker
