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The Senate voted to confirm Martin Gruenberg as chairman of the Federal Deposit Insurance Corp., Travis Hill as its vice chairman and Jonathan McKernan to join the agency's board.
December 19 -
The loans for self-employed borrowers are getting a fresh examination to determine if they fall within the Consumer Financial Protection Bureau's updated guidelines for qualified mortgages, which went into effect in October.
December 19 -
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Dan Clarke succeeds Rachel Caron, who was CEO of the $256.4 million-asset organization for 12 years before retiring in June.
December 19 -
Banks, fintechs and credit unions are cautiously investing in technology and customer experience as next year's economy remains uncertain.
December 19 -
A carbon-credit transaction network developed by nine banks including Canadian Imperial Bank of Commerce and UBS Group is a step closer to launching early next year after completing a series of pilot trades.
December 19 -
Banco Bradesco, Brazil's second-biggest bank by market value, plans to buy more minority stakes in tech companies to accelerate its expansion in the United States.
December 19 -
A hard-fought battle between Citigroup and creditors of Revlon over an epic blunder in which the bank accidentally sent the lenders almost a billion dollars was finally capped with a legal pronouncement: Case dismissed.
December 19 -
Dicier credit conditions, recession fears and tougher regulatory scrutiny combined to weaken merger activity in 2022. A push for scale is bound to resume when interest rates level off — at least among smaller banks, analysts say.
December 19 -
The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.
December 19 -
The business being sold to Madison Dearborn Partners provides trustee and administrative services to asset managers and retirement plans.
December 19 -
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Financial institutions have launched tailored relief campaigns to help refugees begin rebuilding their lives.
December 19 -
The crypto exchange Binance.US will buy Voyager Digital's assets out of bankruptcy in a deal worth $1.022 billion, a discount to an earlier, failed sale struck with FTX.
December 19 -
Investors are learning the hard way, again, that highflying new financial products, with little or no regulatory oversight, tend to crash.
December 19 -
Centralized development programs for new companies provide access to potential clients and investors.
December 19 -
Banks, fintechs and advisors are cautiously pushing investments next year to keep up with industry expectations.
December 19 -
The framework has little immediate impact in the U.S., where banks are broadly prohibited from crypto-related activities, but it establishes a baseline for future regulatory efforts.
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