Fed's problem: taming inflation while navigating housing woes
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FDIC admits oversight shortcomings in First Republic Bank's collapse: The Federal Deposit Insurance Corp. acknowledges in a new report that it didn't adequately monitor First Republic Bank's uninsured deposits, interest rate risk sensitivity and rapid growth — and as a result left the bank vulnerable to contagion.
Read more in regulation: Fed's Barr 'deeply concerned' about unregulated stablecoins
Bank of America veteran Cathy Bessant to lead North Carolina nonprofit: Bessant has served in a variety of leadership positions at the bank, including leading its technology initiatives and European strategy.
Square outage shows even a short disruption can cause chaos: A point of sale glitch puts smaller sellers in a bind: They can refuse sales, fall back to cash and checks or take a leap of faith and absorb any transactions that fail after their systems come back online.
Read more on payments: How BofA, Barclays make loyalty about more than reward points
Former First NBC president sentenced to 14 years in prison: Ashton Ryan Jr. was convicted on dozens of fraud and conspiracy charges connected to the 2017 failure of the New Orleans bank he founded.
Bankers: tell us how your bank is working with small businesses. American Banker is conducting a survey right now and we’d love your insights.?You can contribute to the survey here .?
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1 年Since the FRB will be continuing to raise interest rates over the next six to 18/24 months, they should offer a fixed rate mortgage program set at 4% for all applicants! The program sb administered by the major US money center banks partnering with Fannie Mae. The FRB caused this mess and they should clean it up as well. Plenty of $ being spent for every conceivable government program so one more won’t be a burden. If housing collapses, we will all fail.