banking News
Bank Stocks Edge Lower on 'Zombie Mortgage' Revival Concerns
Long-dormant second mortgages from the 2008 crisis are being revived, raising regulatory risks for major lenders and prompting fresh scrutiny from Washington.
Independent Bank Shares Rise on New Share Repurchase Program
The Michigan-based lender's board authorized the buyback of up to 5% of its outstanding shares through 2026, signaling confidence in the bank's valuation.
BayFirst Financial Soars on $94.6M Loan Sale to Banesco USA
The deal provides a massive liquidity infusion, nearly tripling the bank's market cap in cash and signaling a major strategic shift.
Wall Street's Use of Complex Risk Trades Draws Regulatory Scrutiny
Banks increasingly use 'Significant Risk Transfers' to manage capital ahead of new rules, but watchdogs worry about hidden dangers.
JPMorgan Taps Berkshire Hathaway's Todd Combs to Lead New $10B Fund
Warren Buffett's top lieutenant and GEICO CEO will head a new strategic investment group, signaling a major talent win for the banking giant.
US Regulators Scrap Leveraged-Loan Rules, Boosting Banks
Move to rescind 2013 guidance gives banks more flexibility to compete with the booming private credit market for lucrative corporate lending.
UBS Shares Fall as Swiss Prosecutors File 'Tuna Bonds' Charges
Bank vows to 'vigorously defend' itself against money laundering charges inherited from Credit Suisse in long-running Mozambique scandal.
Jefferies Faces SEC Probe Over First Brands Collapse Disclosures
Investigation centers on the bank's transparency with investors regarding its exposure to the now-bankrupt auto parts supplier which has over $12 billion in debt.