Michigan Coastal Credit Union

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Politics and policy

Fed: Inflation, policy uncertainty are top financial stability concerns

According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.

By Ebrima Santos Sanneh

April 19
CMBS

BANK5 2024-5YR6 moves ahead with $984.3 million in CRE beneficial ownership certificates

With a high proportion of fixed-rate, interest-only underlying loans, the notes have almost no amortization, and three CRE loans have standalone, investment-grade opinions.

By Donna M. Mitchell

April 19
Tesla recalls almost 3,900 Cybertrucks to fix faulty pedals

The recall provides a first glimpse of how many Cybertrucks have been sold since Chief Executive Officer Elon Musk handed over the first pickups to customers in November.

By Craig Trudell

April 19