The Securities Industry and Financial Markets Association (SIFMA) issued a statement in response to an announcement issued by members of the European Union made at this week's EU leaders' mini summit on the recent financial turbulence. The EU said that it supports the call for prompt, targeted and proportionate action in addressing the market tumult. In response, SIFMA said that it is actively working on developing further market transparency and it believes that governments must take into account these initiatives if they are to provide an adequate response to the crisis. SIFMA and other industry stakeholders are committed to take the necessary steps aimed at contributing to the restoration of confidence and liquidity to the markets. The Association also said that it is dedicated to working with a number of national and international associations and regulatory agencies on the transparency initiative as well as to put into place workable and practical solutions. The EU'sannouncement, which called for greater transparency and the need for a "better" early warning system, was made jointly by U.K. Prime Minister Gordon Brown, French President Nicolas Sarkozy, German Chancellor Angela Merkel, Italian Premier Romano Prodi and EU Commission President Jose Manuel Barroso.
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Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
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Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
Price guidance was not available on the series 2024-1, the database notes that the series 2024-2 class A notes are expected to price between 63 and 65 basis points over the three-month interpolated yield curve.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
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.
April 19