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 central bank's instant payment system could bring enormous benefits to banks and their customers. But it also presents new risks to manage.
April 30
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Bank groups say the focus on capital rules in Federal Reserve Vice Chair for Supervision Michael Barr's report on Silicon Valley Bank are misguided. Others say he should have named names.
April 28 -
BayFirst Financial, which says it lost $1.6 million when a planned Small Business Administration loan sale to Signature fell through, plans to file a claim for the lost revenue with the Federal Deposit Insurance Corp.
April 28
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About $2.9 billion of the deposits the company obtained from the failed Signature Bank had fled as of last week, and executives are forecasting that number to double. However, they say they're "cautiously optimistic" they can lure some deposits back.
April 28
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Security researchers discovered the compromise in Trading Technologies software while looking into the cause of a compromise in 3CX phone conferencing software.
April 28
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Genesis lawyer Sean O'Neal said that the crypto lender has agreed to a 30-day mediation period including its committee of unsecured creditors, which still opposes the proposed restructuring deal.
April 28
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Former credit union chief hit with charges, $1 trillion of Home Loan bank advances, a deposit deal in Illinois and more in this week's banking news roundup.
April 28
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Adam Grealish serves as Head of Investments at Altruist, a custodian built exclusively for RIAs. He most recently led Betterment's strategic asset allocation, fund selection, automated portfolio management and tax strategies. He also served as a vice president at Goldman Sachs, overseeing the structured corporate credit and macro credit trading strategies. Grealish was also a part of the global quantitative equity portfolio management team at New York Life Investments.
April 28
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The Federal Deposit Insurance Corp. said in a report released Friday that Signature's rapid, unrestrained growth and inadequate risk management practices outpaced supervisors' ratings and responses, even though the issues were known to the agency.
April 28
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In an era of unprecedented access to digital payment methods, cash is making a comeback, courtesy of the swelling cost of living.
April 28
