Not every bank is at risk, JPMorgan CEO Jamie Dimon said Monday during an investor conference. But for lenders with more exposure to commercial properties, the months ahead could be tough
Hundreds of banks are exposed to large concentrations of commercial real estate — and high levels of risk, Red Shoe Economics' K.C. Conway, a seasoned Federal Reserve veteran, told Intel
The deal includes the purchase of approximately $72B in loans at a discount of about $16.5B, along with the transfer of all of the bank's deposits totaling about $56B, according to the FDIC.
The acquisition by UBS, one of the largest real estate asset managers in the world, is intended to help contain the crisis of confidence spreading across international financial markets
In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO
Any existing customers at the bank can now apply for non-conforming refinancing. However, those lacking a prior relationship with Wells Fargo will face a harder time
Steve Hagerman will serve as Wells Fargo's head of consumer lending technology and will be responsible for the bank's new and emerging technology platforms
Jamie Dimon believes that origination and servicing rules are tripping up loans, hurting the economy
The US Senate voted 50-49 on Thursday to approve Kraninger as head of the agency that regulates banks and lenders on behalf of the public
New rule clarifies timeframe for addressing closing cost increases with consumers
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