GSEs might operate under consent decree, Calabria says
Mark Calabria, U.S. Federal Housing Finance Agency Director, testifies during a House Financial Services Committee hearing on the the Trump Administration's plans to change housing finance in America on Capitol Hill in Washington, D.C., U.S., on October 22, 2019. Photographer: Zach Gibson/Bloomberg
Federal Housing Finance Agency Director Mark Calabria discussed the possibility of having Fannie Mae and Freddie Mac operate under a consent order to allow the government-sponsored enterprises to be able to raise capital.
Banks had the highest turnover of chief compliance officers among the 100 largest financial services firms in the world, according to a recent study. Recruiters say that's a function of changing job demands, high pressure and poaching by fintechs — plus old-fashioned demographics.
Crowds have gathered in Tehran to mourn Major Gen. Qasem Soleimani and otherskilled in a US drone strike at Baghdad airport.
Iranian hackers have a history of targeting U.S. banks. Security experts discussed how bankers can prepare themselves if such attacks are renewed as part of a response to the killing of Qassem Soleimani.
Banking 2025: The struggle to avoid becoming the 'dumb utility'
In trying to adapt and survive in an increasingly tech-dominated world, banks may unintentionally give up their most valuable commodity — their relationship with the consumer, and the data that comes with it.
Truist innovation lab will put customers at center of product development
Kelly King, chairman and chief executive officer of BB&T Corp., right, speaks during a Financial Stability Oversight Council (FSOC) meeting with Cyrus Amir-Mokri, assistant secretary of financial institutions with the U.S. Treasury, at the U.S. Treasury in Washington, D.C., U.S., on Monday, Dec. 9, 2013. The FSOC discussed cybersecurity and received a presentation from the Office of Financial Research on financial market developments. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Kelly King; Cyrus Amir-Mokri
Clients will have an active role in testing new products and services at the regional giant formed by the merger of BB&T and SunTrust, says Chairman and CEO Kelly King.
Population shifts and the explosion of e-commerce will upend commercial real estate lending while heightened demand for clean energy, not to mention pressure from investors, will diminish banks' enthusiasm for fossil-fuel financing.
The industry called for modifications to the regulator's phase-in proposal on the new credit loss standard while acknowledging the broader changes it wants are up to the Financial Accounting Standards Board.
The Best Banks to Work For package is a collaboration between American Banker and the Best Companies Group, which conducts extensive employee surveys and reviews employer reports on benefits and policies.