Goldman, With Solomon, Swings Pendulum From Trading to Banking

(Goldman's previous CEO, Hank Paulson, had come up on the investment banking side of the firm.) That trading culture paid off in Blankfein's first few years, and particularly during the financial crisis. But it also tarnished Goldman's reputation and has been a dud recently. Regulations and shifts such as
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TROY, Mich., March 12, 2018 /PRNewswire/ — Flagstar Bancorp, Inc. (NYSE: FBC) today reported that its wholly owned subsidiary Flagstar Bank, FSB, has closed its previously announced transaction to purchase the mortgage warehouse loan portfolio from Santander Bank, including approximately $1.7
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Senator Mike Crapo, Republican of Idaho, is chairman of the Senate Banking Committee and chief sponsor of legislation to ease bank rules. By Marcy Gordon Associated Press March 12, 2018. WASHINGTON — Buried within Senate legislation to roll back restraints on banks is a provision that would
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UCLA Anderson Forecast economists William Yu (L) and Jerry Nickelsburg (R) make presentations during an economics conference in San Francisco. Bay Area job market will outpace the nation during 2018, but skyrocketing housing prices will imperil the region's economy, two economists predicted on
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The Seattle metro housing market is seeing double-digit gains again. How long will that last? Are there any signs of things slowing down? Host Ryan Takeo talks with Zillow senior economist Aaron Terrazas. Ryan also talks to producer Alex Vitale about her series to see how much house $500,000 gets
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… to open competition for credit scores used for mortgages purchased by Fannie Mae and Freddie Mac, which are under federal government conservatorship. … that would require the Federal Housing Finance Agency, which regulates Fannie and Freddie, to create a process to validate and approve new
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When a new hire joined a U.S. Fortune 500 company in 1998, there was about a 59% chance he or she would be offered a traditional or hybrid defined benefit (DB) pension. As of 2017, that likelihood dropped to 16% in the same group of employers, according to a new Willis Towers Watson (WTW)
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The banking royal commission kicks off today and will be hearing from its first witnesses. The initial focus is on residential mortgages and how bank staff and brokers may be manipulating applications to get home loans over the line and receive their bonuses and commissions.
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Lothar Meenen, global head of corporate cash-management sales at Deutsche Bank, wonders if all the use cases of PSD2, a “potential game-changer,” are fully appreciated by treasurers. “There are potential opportunities for treasurers too,” he says. “For example, using APIs [application programming
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GSF Mortgage Corporation has announced the addition of Brynn Kemp as a Mortgage Loan Originator in Crown Point, Ind. She brings five years of experience in the mortgage industry, having worked as a Processor before becoming a Loan Officer. Despite using that office as a home base, she will be
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Flagstar has closed its previously announced transaction to purchase the mortgage warehouse loan portfolio from Santander Bank, including approximately $1.7 billion in mortgage warehouse loan commitments. Terms of the transaction were not disclosed, and Flagstar stated it will hire Santander's
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The stock of Haynes International, Inc. (NASDAQ:HAYN) hit a new 52-week high and has $47.69 target or 8.00 % above today's $44.16 share price. The 9 months bullish chart indicates low risk for the $552.90M company. The 1-year high was reported on Mar, 12 by Barchart.com. If the $47.69 price
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Evansville Teachers Federal Credit Union has announced its intention to acquire American Founders Bank of Louisville, Ky. The acquisition will allow ETFCU to offer additional branch locations in Kentucky's largest city as well as enhance its mortgage lending and deposit growth in the area.
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Anaya has praised the PRI government's Nafta negotiating team, and said he'd keep some of its members. His economic adviser has also echoed Lopez Obrador's pledge to double the minimum wage, though Anaya told Bloomberg that the proposal still needs to be reviewed to ensure inflation doesn't
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With the spinoffs, Fitterling is expected to take over the largest of the three businesses by revenue, in other words, the highest ranking one on the Fortune 500. “Yes, the materials science division (the new Dow) will be the largest of the three,” Jarrod Erpelding, a spokesperson for Dow said in an email.
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Just look at these beautiful growth numbers: International wholesale increased 40%, global retail 26%, and international comparable-store sales 16.5%. International wholesale and retail combined accounted for more than 50% of total sales in 2017. That's right: Skechers now sells more shoes outside
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Bank of America CEO Brian Moynihan's 2017 compensation was 250 times more than the total pay of the bank's median employee, according to the company's annual proxy filing Monday. Public companies such as Charlotte-based Bank of America for the first time are disclosing the ratio of their CEO's
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And what better place to start than looking at home loans. It's by far the biggest business in Australian banking, with more than $1.7 trillion in residential mortgages outstanding. That's about two-thirds of all the money lent by Australian financial institutions, dwarfing personal loans, credit cards and
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In Hollywood, you're practically nothing if you're not a triple threat. If you can't sing, act and dance, you can pack your bags. Similar to Hollywood, to succeed in the business world, you need to have a multitude of skills. From intelligence to trustworthiness, there's seemingly an inordinate number of things
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Most mortgages are not 100% LTV – usually you would provide some of your own money, either via a deposit or, in the case of remortgaging, equity in your home. A more conventional 90% LTV mortgage, for example, would require you to contribute a deposit of 10%, or £20,000, if you want to buy that
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