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The Wall Street Journal: Trump administration backs privatizing Fannie Mae and Freddie Mac
The Trump administration said it would support returning mortgage-finance giants Fannie Mae and Freddie Mac to private hands, a development that could keep the companies at the center of the housing market for decades to come......»»
In an alarming sign, banks are paying people to borrow money
Rattled investors are so desperate for a safe place to park their savings that they are paying for the privilege of lending money to European companies and governments......»»
Banks are paying people to borrow money. That’s alarming news for the global economy.
Some investors are so nervous about the future that they’re willing to lose a little money by lending it to a borrower that is almost certain to pay it back, rather than risk betting on something that could go bust......»»
Barclays is latest to cut finance ties with private prisons
will stop providing future financing to companies that manage private “We have an existing credit commitment, which does not represent a material portion of our business,†the London-based bank... To view the full story, click the title link......»»
MoneyLion Raises $160M To Expand Financial Tools, Customer Growth
Fintech companies like MoneyLion that offer financial advising, lending and investment services continue to compete with traditional banks and institutions with competitive consumer offerings and perks. read more.....»»
European stocks start higher, with banks gaining ground
European stocks started higher on Tuesday, tracking gains in Asia after U.S. tech companies met with White House officials to discuss Huawei and ahead of European Central Bank and Federal Reserv.....»»
Fifth Third slams the door on financing private prison companies
Fifth Third Bancorp is ending its role in financing the private prison system, becoming the latest in a series of banks to make that move. Downtown Cincinnati-based Fifth Third (Nasdaq: FITB), the largest locally based bank and the nation’s 10th-larges.....»»
SunTrust to stop financing companies that manage private prisons
SunTrust Banks Inc said on.....»»
Bank of America pledges to stop lending to private-prison operators
Bank of America Corp. (NYSE: BAC) plans to stop lending to private companies that operate prisons and detention centers. Vice chairman Anne Finucane first announced the decision in an interview on Wednesday. Charlotte-based BofA said it will act on.....»»
Bank of America to stop lending to private prison companies, Bloomberg says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Bank of America to stop lending to private prison companies, Bloomberg says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Facebook co-founder says Libra could shift monetary clout to private companies: FT
Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday......»»
Why Private Equity’s Biggest Names Are Getting Into a Small-Loan Backwater
In finance, boring and safe often go together. There could hardly be a more boring category name than business development companies (BDCs), or a more boring role than their original business model: turning money from mom-and-pop investors into.....»»
Utilities sector the only 1 of 11 S&P 500 sectors to lose ground as Treasury yields bounce
Shares of utility companies were broadly lower Wednesday, with the sector the only one of the S&P 500's 11 sectors to lose ground, weighed down by a big b.....»»
Merger call-off by Deutsche, Commerzbank "private sector decision": minister
Germany's Labour Minister Hubertus Heil acknowledged the announcement of the country's two biggest banks, Deutsche Bank and Commerzbank to discontinue end talks to merge as a "private sector decision of two companies", he said on Thursday......»»
Big banks find a back door to finance subprime loans
Big banks like Wells Fargo and Citigroup are taking a new approach to the subprime market by lending a record amount to nonbank financial firms......»»
Under Trump, a voice for the American consumer goes silent
In the 135 days since the Trump administration took control of the nation's consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever......»»
Easier bond market rules for FPI cheer public-sector bank stocks
Bond yields could slip, easing mark-to-market provisioning pain for banks; housing finance companies can access foreign borrowings.....»»
Main Street Banks Feel Squeezed by New Lending Rivals
Hedge funds, private-equity firms and others are elbowing into business loans. Midsize banks are being forced to rethink a business that is a key part of their revenue......»»
Home truth: Spike in housing finance companies bad loans hobbles PMAY
PMAY-Gramin, which was launched in November 2016, aims to construct 10 million homes by March 31, 2019, with private sector and state government participation.....»»