Standard & Poor's has announced that Under Armour Inc. will replace mortgage lender Indymac Bancorp Inc. in the S&P MidCap 400 after the close of trading on May 15. S&P said Indymac ranked 400th in the index as of May 13, with a market capitalization of approximately $188 million. Indymac is the Pasadena, Calif.-based holding company for IndyMac Bank FSB. S&P can be found online at http://www.standardandpoors.com.
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
