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The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have signed off on an abbreviation of the settlement cycle for securities to two days from three days.
September 1 -
An ex-banker running for governor has proposed the idea. It's a political perennial, but industry officials are nonetheless raising concerns.
August 25 -
It’s not clear whether syndicated credit agreements require 100% investor consent before adopting a new benchmark. The industry trade group suggests giving new loans the flexibility to change indexes without unanimous approval, but investor advocates are balking.
August 23 -
Bryn Mawr Bank has launched a mutual fund at a time when heightened competition and regulatory oversight are the norm.
August 22 -
In an in-depth Q&A, early bitcoin adopter Erik Voorhees, founder of the crypto exchange ShapeShift, discusses a new acquisition, an experimental investment product and the future of his industry.
August 16 -
KeyBank is the latest to join the robo-adviser trend. Its investment services unit just announced a partnership with Jemstep, which is eager to do more such deals with banks now that it is owned by Invesco.
August 15 -
Synchrony completed its spinoff in 2015 from General Electric Co., a company that Warren Buffett helped prop up during the financial crisis.
August 14 -
Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get.
August 9 -
Credit risk transfers have emerged as more than just a method for mitigating taxpayer exposure. They could be a key component of comprehensive housing finance reform.
August 4Moody's Analytics -
So-called transitional lending has traditionally been kept on balance sheet; but it’s become attractive to bundle the loans for transactions called (take a deep breath) commercial real estate collateralized loan obligations. Can investors stomach the features these deals sported before the crisis?
August 2