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At first the deal seemed an unlikely marriage of two mortgage-heavy companies. But acquiring the Michigan company would help New York Community accomplish its two chief goals — reducing deposit costs and its concentration of multifamily loans — while giving it the scale to pursue more deals.

The technology is simulating the work of teams of analysts and traders to pick stocks and rebalance asset allocations in the bank's newest investment index.

Acker wants crypto investors to convert their wealth into expensive wines.

On Dec. 31, 2020. Dollars in thousands.

On Dec. 31, 2020. Dollars in thousands.

On Dec. 31, 2020. Dollars in thousands.

JPMorgan Chase is preparing to offer a bitcoin fund to wealthy clients, the latest sign that Wall Street is warming to the largest cryptocurrency after it soared in recent months.

Mobile wallets have seen strong adoption as an in-store payment method in China, but have lagged in appeal in the U.S. until recently. Coronavirus fears have caused many Americans to rethink the mobile wallet’s value proposition.

The Federal Reserve and other central banks deciding whether to compete with private cryptocurrencies should heed the financial stability risks, such as expanding the economic power of governments and altering longstanding payments models.

The collapse of Thodex and Vebitcoin has triggered a manhunt for one of the exchange founders, led to dozens of arrests and inflicted untold losses on ordinary Turks.

The lender will expand certain mortgage products, like its HomeRun program, which requires lower down payments and removes mortgage-insurance requirements for lower-income borrowers.

The merger would create a company with nearly 400 branches, 87 loan production offices and $87 billion of assets.

The bank says it “misjudged” the reaction to its financing the botched European Super League; big shareholders say the board member in charge of risk management should leave.

Fraud detection and prevention technology must align with clear return policies and strong customer service ensuring that confused but loyal and well-intentioned customers can continue to purchase from merchants, says Ravelin's Mairtin O'Riada.

New York's Acker wants crypto investors to convert their wealth into expensive wines.

Daily edition for April 26, 2021.

Deposits keep flooding in, mortgage lending shows signs of cooling, and bankers can’t agree on when commercial lending will rebound. Here’s what we learned from first-quarter results.

The proposed acquisition is the second deal in as two days to involve an Atlanta-based seller.

CEO John Turner said green projects present a strong business opportunity for the Birmingham, Ala., company.

The custody service provider, which will maintain a New York license in addition to its national charter, is one of several cryptocurrency companies to apply to the Office of the Comptroller of the Currency.