Amherst Holdings LLC, an Austin, Texas-based company that assists institutional investors in the U.S. residential mortgage market, is expanding overseas to Asia. Paul Kan, previously a senior vice president and senior trader of mortgage-backed securities and securitized products for Asia at Lehman Brothers, has been named managing director of the new Hong Kong-based venture. The company said its initial focus will be on facilitating securities transactions in the United States between Asian accounts and Amherst's broker-dealer affiliate, Amherst Securities Group LP.
- 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.
9h ago -
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










