How much leeway should the FDIC have in winding down a systemically important institution?
None. All unsecured creditors should be treated the same as in bankruptcy, or too big too fail is here to stay. 57%
A lot. It needs to be able to treat creditors differently to maximize the value of the company. 24%
A little. While creditors should mostly be treated the same, some leeway is necessary. 19%
Acceptance of mobile payments is lagging. What type of payment service is likely to catch on first?
Contactless payments at the point of sale 40%
Something we've never thought of 18%
Person-to-person transfers 24%
It'll be years before consumers warm up to any mobile payments 18%
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
6h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
7h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
10h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25