RBC Dain Rauscher announced that its fixed-income business would be renamed RBC Financial Group effective immediately. "Uniting the bank's fixed income units under one name eliminates confusion and cements an integration begun in earnest a year ago," the company states in a release. "With all of our fixed income people now working together under one brand, our clients have better access to RBC's balance sheet, global distribution and our world class fixed income expertise," said head of global debt markets Richard Pilosof. The move extends the RBC Capital Markets name to Minneapolis-based RBC Dain Rauscher's fixed-income group, as well as the Charleston, South Carolina operations that were acquired with the W.R Hough purchase.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
March 28 -
The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27