Credit-Based Asset Servicing and Securitization LLC said it sold Litton Loan Servicing to Goldman Sachs Group Inc.
The terms of the deal weren't disclosed.
The New York-based credit-sensitive residential mortgage asset investor had been under liquidity pressure from its lenders, and the sale is a step to reach a long-term agreement with creditors.
CBASS hired the Blackstone Group L.P. in August to reach an out-of-court restructuring agreement with its creditors.
The Federal Communications Commission proposed a $4.5 million fine against Voxbeam Telecommunications, which it accused of facilitating fraud scams. Many of the calls spoofed phone numbers belonging to American banks.
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
The Cincinnati bank's Newline business is now its fastest growing commercial payments segment.
After French authorities stopped a bomb plot against a Bank of America office in Paris, security experts warned banks to step up their preparations for terror attacks.
The largest crypto theft of 2026 hit Drift Protocol after attackers exploited a small security council, putting a spotlight on DeFi vulnerabilities.
The cryptocurrency exchange is the latest digital asset firm to receive a trust bank charter from the Office of the Comptroller of the Currency.
