Reliance Bancshares was in a position to reject five buyout offers over the course of a year before it got one it liked.
Month: February 2019
Dimon on tax-hike proposals: The rich ‘can afford to pay more’
Billionaire CEO Jamie Dimon is OK with tax hikes on the rich, as long as the revenue goes where he thinks it’ll do the most good.
Cross River Bank to help bring Railsbank’s banking-as-a-service to U.S.
The deal between the U.S. bank and the U.K. software firm adds another potential payments rival for Swift, and the two companies will offer banking APIs to U.S. fintechs.
FDIC review of brokered deposits has big implications for branches
Banks that gather deposits through branches generally pay lower deposit premiums than those that solicit deposits online. So what happens if long-standing restrictions on brokered deposits are relaxed?
Wells Fargo bends to critics in its latest response to scandals
In a lengthy report released Wednesday, the bank pledged to protect whistleblowers, handle customer complaints better and re-examine its lending practices.
FHFA’s Otting gives Democratic leaders little detail on GSE plans
The agency’s acting director said he welcomes lawmakers’ “insight and perspective” on how to end the conservatorships of Fannie Mae and Freddie Mac.
Fed wary of hard Brexit’s effect on U.S. banks
Federal Reserve Chairman Jerome Powell said a messy breakup between the United Kingdom and European Union could pose risks to the economy and financial system.
LoanDepot hit with Ginnie Mae sanctions over VA mortgage compliance
Ginnie Mae has restricted loanDepot’s ability to securitize Veterans Affairs mortgages because of apparent churning of recent originations.