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Lipkin, who built Valley National Bancorp from a small community bank into a regional institution with 200 branches in four states, passed away this week at age 84.

Median home prices rose by 1% to a record high, but sellers are taking lower offers as the market shifts towards the buyers' favor.

Financial markets were shaken but not stirred this past spring, according to the Federal Reserve, as swinging stock prices and bond yields did little to bring down elevated asset prices or leverage. 

The return on investment for fix and flip properties dipped to 25% in the first quarter of 2025, down from 48.8% in the fall of 2020, according to a report from Attom.

Senate Parliamentarian Elizabeth MacDonough has ruled that Republicans cannot move ahead with slashing the Consumer Financial Protection Bureau's funding and Federal Reserve staff pay in the tax bill.

In an interview on CNBC, Fed Governor Christopher Waller reiterated his view on the inflation hit from new tariffs likely being short-lived.

"I would be quite surprised if he did not make a choice that fair-minded observers on both sides recognized as a reasonable person," Summers said on Bloomberg Television.

Sprout's ex-CEO Michael Strauss, who has avoided the legal proceedings, has been accused of money laundering and is facing two foreclosures in New York.

The credit bureau is working with Plaid to provide lenders with current and predictive cash-flow data for consumers that don't have an extensive credit record.

Federal Reserve Chair Jerome Powell said the changes could touch the central bank's quarterly economic forecasts. He also discussed downsizing at the Fed and his tenure on the board of governors.