Low oil prices take toll on state-backed investment vehicles
Month: September 2017
Marketplace lenders struggle to find borrowers
Interest from institutional investors in peer-to-peer lending may reassure clients
AIG no longer systemically important, FSOC says
The Financial Stability Oversight Council said Friday that AIG, whose collapse threatened to bring down the U.S. financial system during the financial crisis, should no longer be subject to enhanced standards.
AIG freed from ‘too big to fail’ regulation
Landmark decision removes label put on insurer after 2008 meltdown
Week in Review, September 30
Toshiba’s chip deal, Equifax fallout, M&A, Bombardier, and Japan’s digital currency
Equifax committee to review executive share sales
Company braces for congressional grilling into its response to cyber breach
College try: Banks hope classes will help attract young employees
With baby boomers moving into retirement and many young folks eschewing careers in banking, the industry could soon be facing a talent shortage. Are more banking degree programs the answer?
Ocwen settles servicing lawsuit with 10 states
Ocwen Financial reached a settlement with 10 states where it can’t acquire servicing rights for eight months but it will not face any financial penalties.
Equifax, Wells and CFPB: Banking’s momentous week on Capitol Hill
The week of Oct. 2 is shaping up to be a significant one for the financial services industry on Capitol Hill, as lawmakers grill the top executives of Equifax and Wells Fargo, as well as the top regulator of Fannie Mae and Freddie Mac.
U.S. Chamber, banking groups sue over CFPB arbitration rule
The groups argue that the CFPB did not properly conduct a cost-benefit analysis of the rule banning mandatory arbitration agreements and that the final product will harm, not help, consumers.