Commercial banking

The incoming Trump administration's 'agency review team' has landed and is expected to name an acting director of the Consumer Financial Protection Bureau. Republicans on the Federal Deposit Insurance Corp. or the Federal Trade Commission are among the most likely candidates.

Ross Morera is the Senior Director of Customer Experience at Solera

The issuance marks the first time a multilateral climate fund is turning to the capital markets, as cash-strapped developed nations balk at providing the funds needed to cut greenhouse gas emissions.

The $4 trillion-asset bank posted its highest-ever annual profit but also said its CEO succession plan is still in the works.

Island is a first-time issuer and largely originates and services the loans through its network of 48 branches.

Cory Teller is a principal with UHY, providing project and change management and operational excellence solutions.

Brandon Ross is the co-Founder and co-CEO of Quotient Wealth Partners. 

Wednesday brings the next pivotal data point, with the release of the latest consumer-price figures, which are forecast to show inflation remains sticky.

Notes will be repaid through a sequential pay structure that will require principal to be repaid in full to the class A1 notes.

Financial profiles of borrowers in the coastal areas where insurance coverage is required vary significantly from at-risk homeowners inland, CFPB's analysis found.

Douglas McManus served as director of financial research in the Office of the Chief Economist at Freddie Mac until he retired on July 9, 2024. Mr. McManus received his Ph.D. in economics from the University of Pennsylvania.

Michael Bradley served as the senior vice president of models and analytics in the Freddie Mac Single-Family Acquisitions Division until he retired on July 1, 2024. Mr. Bradley received his Ph.D. in economics from the University of Illinois.

The largest U.S. bank by assets has elevated Jennifer Piepszak to chief operating officer, in preparation for Daniel Pinto's retirement in 2026. But Piepszak is not interested in being CEO, the company said.

The $1 billion deal included classes A-L-A and A-L-B were offered as loans.

The inaugural deal is expected to close by the end of the month. Among its structural features are cash trap and cash sweep provisions.

With more than 20 years of experience in health care technology, including as co-founder of RedBrick Health (now Virgin Pulse), Kurt has held senior leadership roles focused on transforming health care and empowering individuals. Now as MOBE's Chief Commercial Officer, Kurt is committed to providing innovative solutions that engage members, improve health outcomes, and reduce costs for health plans and employers.

The Consumer Financial Protection Bureau's research found that the majority of buy now/pay later users are subprime borrowers, holding high credit card balances and multiple loans, suggesting the offering is riskier to lenders than previously assumed.

The movements were spurred by jitters around persistent inflation and ballooning government debt, leading futures traders to wager that the Fed is unlikely to ease monetary policy again until late 2025.

A cohort of bank industry interest groups called for the incoming Trump administration to pause all pending bank regulation and litigation and extend the timelines for implementing final rules issued by the Biden administration.