Iowa: A Capitol for Capital Iowa's regulatory environment directly benefits the bottom line. The state is home to one of the highest concentrations of finance and insurance professionals in the nation, accounting for 6% of the state's workforce.
The US economy would have grown more than 4% last year if the Federal Reserve hadn't raised interest rates and scaled back bond holdings, President Donald Trump said. US GDP grew 2.9% on an annualized basis in 2018.
The terms for members of four Consumer Financial Protection Bureau advisory boards have been extended from one to two years, and the boards will meet three times a year instead of two. CFPB Director Kathy Kraninger made the announcement Thursday, reversing decisions by former acting Director Mick Mulvaney.
A lawsuit filed by the Federal Deposit Insurance Corp. against Citibank, Bank of New York Mellon and U.S. Bank over the mortgage-backed bonds of a failed Texas bank has been dismissed by a federal judge. The judge said the FDIC had no legal standing to sue, because the agency, which took over the bank in 2009, had sold the bonds.
The pace of regulatory change and recent actions against banks have emphasized the role of chief compliance officer for many organizations. "CCOs must grapple with the legal challenges of securing company information on employees' personal devices or viewing information on employees' personal accounts," says Wilmer Hale partner Ronald Machen.
Reports that Wells Fargo CEO Tim Sloan is about to be replaced are false, said board chair Betsy Duke, adding that Sloan has the unanimous support of the board. A New York Post article said the board had discussed the CEO position with former Goldman Sachs Chief Financial Officer Harvey Schwartz.
EU officials have rejected British Prime Minister Theresa May's request to delay Brexit until June 30 but have extended the departure date to April 12 from March 29 and have established deadlines governing what must happen next. European Council President Donald Tusk says the agreement leaves the UK with the options of a no-deal Brexit, Brexit with a transition deal, a lengthy extension or revocation of the decision to exit the EU.
Mobile Device Usage is a Threat to Data Security 74% of global IT leaders reported a data breach due to a mobile security issue. Discover how cybersecurity is shifting to meet the needs of a mobile world, and why it's critical to not fall behind. Learn how to protect your organization from mobile threats in The Convergence of InfoSec & Mobile.
Banks would be penalized for refusing to do business with gun manufacturers for reasons outside traditional underwriting under a bill introduced by Sen. Kevin Cramer, R-N.D., and Sen. John Kennedy, R-La. The Freedom Financing Act is in response to recent decisions by banks to limit business with the firearms industry.
Early retirement may appear out of reach for millennials when considering school debt and other factors. But it might still be possible if they're willing to make some adjustments and sacrifices, Pavithra Mohan writes.
Morgan Stanley Research is watching "an operational revolution" among European banks that is driven by technology. Real-time payments, mobile banking and digitization could transform banking for consumers and in the back office but will require updates to core systems, Bruce Hamilton writes.