The deal also differs from other bank-sponsored, CLN transactions in that the rating agency will not limit the ratings to SBNA's long-term counterparty risk rating.

Roughly 40,000 residents of Moore County have been left without power since Saturday, when gunfire damaged two substations. Financial institutions are urging residents to use online banking and call centers if they do not have access to a branch.

Home prices dropped again on a monthly basis in October, exacerbating the loss in home equity among recent buyers, but the size of the falloff was the smallest since June.

In an appeals court filing, the Consumer Financial Protection Bureau wrote that a federal judge "ignored regulatory text, history and context" when she ruled against a PNC customer. The consumer argues that the bank shouldn't have pulled funds from his checking account after he was tardy in making payments on his home equity line of credit.

All of the loans must be fixed rate, and at least 90% of the loan balances must be to borrowers with a cosigner.

These types of transactions largely disappeared from the market for years after the Great Recession.

Rule 15c2-11's public disclosure requirements could inhibit Rule 144A issuers unless addressed.

Securitization production for 2022 is expected to experience a 13% decrease compared with 2021, and the declining trend is expected to continue for 2023.

Both Canadian banks are awaiting green lights from regulators for their pending acquisitions of U.S. banks. "We don't control the timing of all the regulatory approvals," TD's chief executive said Thursday.

Federal Reserve Vice Chair for Supervision Michael Barr said his "holistic" review of capital standards is still underway, but noted the benefits of stronger requirements in a speech Thursday.

Members of the Brazos Electric Power Cooperative seek to recoup cost outlays from the fallout of Winter Storm Uri in 2021 the latest Texas utility to do so.

Prime mortgage activity fell notably while nonprime deals and government-sponsored enterprise credit risk transfers increased in 2022, according to Kroll Bond Rating Agency.