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The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.
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The ranking Democrat on the Senate Banking Committee pressed the Federal Reserve chair for details on a Bank of America dinner that Gov. Michelle Bowman attended.
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Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
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Federal Reserve Gov. Lisa Cook said risks, including geopolitical tensions, are tilted toward higher inflation in the near term.
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The Buffalo-based company reported its first organic linked-quarter CRE loan growth since 2021, as well as a sharp increase in commercial-and-industrial lending activity.
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Published July 16, 2007, 1:00 a.m. EDT
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Updated August 21, 2008, 5:19 p.m. EDT
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