get link The Securities and Exchange Commission moved to require states and local governments to disclose bank loans and privately placed debt, seeking to address concerns that bondholders are being left in the dark about a fast-growing segment of public finance.
Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.
A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system.
Citigroup was so impressed after a two-year test drive of software from the AI vendor Anaconda it decided to invest in the firm.
A number of banks have stepped up efforts to lend to residential developers, though they are mindful of missteps made before the financial crisis.
Former UBS rogue trader had feared he could be sent out of the country on August 20
In a newly created role, Tony Sciarrino will oversee middle-market bankers in more than a dozen offices across California.
As director of the Fed’s Division of Research and Statistics, David Wilcox is responsible for briefing the Federal Open Market Committee on the outlook for the national economy.
The banking industry has been raising alarms about the growth of a few credit unions, but the critiques ignore the vast size differences between the two sectors and the tremendous growth banks have seen since the crisis.