Banco Popular de Puerto Rico

Banks remain well capitalized but hidden risks abound, especially at hedge funds, the Fed’s semiannual report says; the contracts will eventually pay out in cash.

CFPB sounds alarm on the number of borrowers in arrears while the originations market appears to have peaked; crypto firms bulk up on lobbyists as regulators seek more investor protections.

The deal, which could happen this week, would value the mortgage lender at $7 billion; lenders are worried about the impact of CECL, which requires them to recognize loan losses early.

As profit margins shrink, Rocket and UWM expect to make it up on greater volume; the program would put the auctioneer in competition with traditional lenders and its former unit, PayPal.

The Diem project seeks U.S. regulatory approval to issue stablecoins to power its payments system; federal judge unfreezes the $5 billion Citigroup mistakenly sent to lenders last year.

Earnings jump 24-fold as revenue surges by nearly 10 times, boosted by digital currency rally; online banks cater to people who say they’re not served well by mainstream lenders.

Wells Fargo analyst predicts 200,000 reductions in the next 10 years, mostly in branches and call centers; many say the regulators are overreaching.

The executive faces a tall order in meeting loan balance and deposit goals at the online consumer bank; Warren Buffett’s firm sold 99% of its leading stake in the bank in the first quarter.

Co-leaders Marianne Lake and Jennifer Piepszak are now seen as the main potential successors to CEO Jamie Dimon; the pay raise, from $20 currently, would take effect by 2025.

The crash came after China’s central bank warned financial institutions about accepting digital currencies as payment; ComplyAdvantage uses machine learning to ferret out potential risks.