Shadowy Lenders, Tech Players Pose Risk to Banking System: Fed Official
Randal Quarles, the Federal Reserve's vice chair for supervision, says regulators need to be vigilant about new risks from lenders that operate outside of the strictest banking-industry rules - as well as from the increasing push by technology companies into lending and asset management.
EJF Capital Increases PHH Stake Amid Efforts to Shake Up Board
EJF Capital increased its stake in PHH as the hedge fund attempts to add two directors to its board.
Citi's focus on new home loans spurs $982M sale of servicing rights
The New York-based banking giant said it is exiting the servicing industry by 2018, a move that comes amid a pullback by many of its peers since the financial crisis.
How some of a consumer watchdog's independence just got taken away
Under a recent ruling, the director of the Consumer Financial Protection Bureau would serve at the president's pleasure, limiting the agency's autonomy. Republicans want even more changes.
PHH (PHH) Flagged As Strong On High Volume
Trade-Ideas LLC identified PHH (PHH) as a strong on high relative volume candidate
Bank of England Plans Emergency Bond Market Intervention Amid Historic Pound Slump
"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the BoE said.
Biogen Stock Soars On Promising Data From Late-Stage Alzheimer’s Drug Trial
“Today’s announcement gives patients and their families hope that lecanemab, if approved, can potentially slow the progression of Alzheimer’s disease," said Biogen CEO Michel Vounatsos.
Apple Stock Slides On Report of iPhone Production U-Turn Amid Waning Consumer Demand
Just weeks after reportedly asking suppliers to prepared for a surge in iPhone demand, Apple is reportedly paring-back plans to boost production.
DocuSign Stock Jumps On Job Cut Plan Ahead Of New CEO Allan Thygesen
DocuSign said the job cuts will "improve operating margin and support the company’s growth, scale and profitability objectives".