Wolters Kluwer Financial Services, Minneapolis, has named Ken Newton executive vice president of banking content.Mr. Newton will be responsible for the company's overall growth in the banking, credit union, indirect lending, and mortgage markets. Prior to this promotion, Mr. Newton served as the vice president and chief operations officer for WKFS, where he led the operational aspects of the organization's manufacturing, customer support, product distribution, and enterprise systems. He also led the implementation of Lean Six Sigma across the company. WKFS can be found on the Web at http://www.wolterskluwerfs.com.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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