David Jacob has been named executive managing director and head of structured finance ratings at Standard & Poor's Ratings Services. Mr. Jacob replaces Vickie Tillman, who has been acting head since January when Joanne Rose became executive managing director for risk and quality policy at S&P. The rating agency termed Mr. Jacob "a pioneer in the securitization industry" with 25 years of experience in fixed-income investment analysis and the structured finance markets. Most recently a principal with Adelson & Jacob Consulting, he previously led the Structuring Department at Nomura Securities International and was later managing director and head of international fixed-income research. He was managing director and head of fixed-income research at JPMorgan, and served as vice president and head of quantitative analytics at Morgan Stanley. S&P can be found online at http://www.standardandpoors.com.
- AB - Policy & Regulation
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.
June 21 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
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.
June 18 -
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.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
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.
June 18










