Subject Root Tag

Daily edition for November 29, 2021

Farmers and the banks that lend to them are prospering again after several lean years, thanks to high crop prices and government subsidies. But sagging loan demand, inflation and what some observers see as a bubble in land values are fueling concern that the revival will be short-lived.

Symphony Technology Group is in talks to acquire parts of Fidelity National Information Services' capital markets business in a deal that could be valued at about $2 billion, according to people familiar with the matter.

Debbie Guiney, who joined the institution in 1977, will step down at the end of this year.

The collapse of Archegos Capital Management revealed vulnerabilities at the banks supervised by the Federal Reserve, the U.S. central bank said in a report released Wednesday.

Financial services companies tend to push out older employees. That’s a mistake, both because of the loss of institutional knowledge and because it’s older bankers who can build the best rapport with boomer customers.

Friendly Hills Bancorp's board is due for a shake-up after its management team underperformed for more than a decade, says shareholder Frank Kavanaugh.

With nearly $20 billion of exposure in the world’s second-largest economy, JPMorgan Chase has a lot riding on maintaining cordial relations with a government that’s sensitive about anything that might be construed as questioning its legitimacy.

The fintech is working with Discover, Ally and Alliance Data to offer a wider range of products on top of interest-free installment loans.

Ant Group said it is repositioning its most popular consumer credit service to stand out from products offered by banks, its latest step in a regulatory-driven overhaul.

The home buying process has undergone significant changes. The pandemic has profoundly altered the mortgage lending market. The continuation of remote work, relocation out of key urban areas, a growing preference for online possibilities, and the deployment of artificial intelligence applications are only a few trends that are shaping the industry. Join Heidi Patalano, Editor-in-Chief of National Mortgage News and Beth O'Brien, Founder and CEO of CoreVest Finance as they discuss how lenders can stay competitive and meet the needs of home buyers in the fast evolving mortgage business.

Borrowers expect the Federal Reserve to raise interest rates next year to contain soaring prices and are locking in favorable terms now, bankers say.

Daily edition for November 24, 2021

A new report finds that financial companies are the most targeted by fraudsters seeking to steal usernames and passwords. They're fighting back with specialized tracking technology, special domain names and other increasingly sophisticated techniques.

Lawmakers are seeking documents from two companies — Blueacorn and Womply — over concerns about the suspected scale of fraud in Paycheck Protection Program loans they processed.

The Office of the Comptroller of the Currency reaffirmed national banks' ability to offer cryptocurrency services — with the caveat that its permission is necessary. Meanwhile, it joined other regulators in previewing additional crypto-related guidance.

JPMorgan Chase Chief Executive Jamie Dimon quipped that his bank is likely to outlast China’s Communist Party, while reiterating his company’s commitment to doing business in the country.

Dustin Cuttriss will succeed Kevin Willour, who is retiring at the end of 2022.

Despite naming key leaders of the Federal Reserve this week, including renominating Chair Jerome Powell, the Biden administration delayed its pick for vice chair of supervision. Moving a nominee for the post later through the divided Senate could prove difficult, analysts said.

The additions follow the launch of Pay Now and the Klarna Card in the U.K., Italy and other parts of Europe.