Category: Capital and risk

Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]

Capital and risk, Channels, Operational

Refinitiv expands cloud delivery of financial data via AWS

October 17, 2018

Via: Finextra headlines

Refinitiv, formerly the Financial and Risk business of Thomson Reuters, announced today that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded to meet high demand from clients across the globe. To ensure continued excellence and […]

Capital and risk, Macroeconomic

Investor Barry Sternlicht worries about a recession signal and an economy not as strong as it appears

October 11, 2018


Barry Sternlicht, CEO of global investment group Starwood Capital, told CNBC there are a number of negative factors that are contributing to his unease about the state of U.S. economy. “The economy’s not quite as strong as the number indicated,” […]

Capital and risk, Macroeconomic

Trump advisor Hassett: Emerging markets fallout, not US inflation, poses ‘biggest risk’ to economy

October 10, 2018


A more severe downturn in emerging markets is the “biggest risk” to the U.S. economy, not domestic inflation, a top economic advisor to President Donald Trump told CNBC on Wednesday. “I’m very concerned about emerging markets. If you look at […]

Capital and risk, Credit

AI-based credit scores will soon give one billion people access to banking services

October 9, 2018

Via: Market Watch

You may not think the number of words in an email subject line says anything about you, but at least one company is betting that the metric can help determine your likelihood of paying back a loan. LenddoEFL, based in […]

Capital and risk, Credit

BofA Agents $250MM DIP for American Tire Distributors

October 9, 2018

Via: ABF Journal

American Tire Distributor reached an agreement with a majority of its term loan holders to support its restructuring support agreement, which would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing […]

Capital and risk, Channels, Credit

Chase lets customers lock, unlock credit cards from their phone and computer

September 28, 2018

Via: Finextra

The lock/unlock feature will allow customers to quickly lock or unlock their credit card right from their phones through the Chase Mobile app or by computer via to instantly block new purchases, cash advances and balance transfers. Once the […]

Capital and risk, Macroeconomic

Mortgage rates hit a seven-and-a-half-year high as the easy money era comes to a close

September 27, 2018

Via: Market Watch

Rates for home loans jumped along with yields in the broader bond market, taking financing costs to a recent high and raising fresh questions about the effect of another headwind on a housing market that’s already sputtering. The 30-year fixed-rate […]

Capital and risk, Macroeconomic

Trump doesn’t realize the impact trade war could have on his voters, asset manager warns

September 26, 2018


President Donald Trump’s administration is failing to recognize the negative effect America’s trade dispute with China and other countries will have on his voters, an investment chief told CNBC. Mark Phelps, chief investment officer of concentrated global growth at AllianceBernstein, […]

Business banking, Capital and risk, Credit, Products

US Bank Launches Digital Small Business Lending

September 25, 2018

Via: ABF Journal

U.S. Bank created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses […]