LOL, Warren G and Nate Dogg's Regulate translation into plain English. This is one of the funniest rap translations of a truly classic song.
Regulation
High rates brought home prices down a little, but low inventory will prevent a huge drop. So what should buyers do now?
SEC sues Binance. Makes 13 charges that allege Binance of "web of deception, conflicts of interest and calculated evasion of the law"
New Carnegie Mellon AI institute to study how humans make the decisions they do in times of crisis, with goal of "ensuring their success in society."
Fintech Nexus USA 2023 comes as fintech and banking is retrenching, and the innovation energy was palpable. Here's The Basis Point live blog (Day 2 of 2).
Top consumer finance regulator Rohit Chopra actually sounds fintech friendly here
I want to see a world where people can refinance their auto loans or mortgages and move their credit card debt more easily, that will decrease stickiness, that will increase prepayment risk. But that’s a world that I think ultimately is still better.
Bloomberg's interview with Treasury chief Janet Yellen today covers debt ceiling and bank crisis, and the roles of Treasury and Congress.
Watch: JPMorgan Chase CEO Jamie Dimon Bloomberg interview on why 'we need healthy big banks', regional bank health, regulatory outlook, debt ceiling
PacWest exploring strategic options, Western Alliance says FT story saying it's doing same is 'categorically false', and TD & First Horizon cite regulatory hurdles as a reason for terminating $13.4b deal
WSJ wrongly claims rates rise by 3x more than they actually do with new May 1 Federal mortgage fee changes. Here's why they got it wrong. And more important, here's the only source borrowers can trust on this topic.
Details for First Republic customers after JPMorgan Chase takes over their bank this morning. Deposits protected, but brand will go away.
First Republic FDIC seizure imminent. If PNC, Chase, or another of the 11 banks who initially deposited $30b buy it, what's the FDIC hit?
Citizens, PNC and JPMorgan are among roughly half a dozen bidders for First Republic, which was swept up in a banking crisis last month. The auction process is being run by U.S. regulators.
First Republic is out of time for a private deal, Reuters reports. FDIC is reportedly preparing to seize First Republic. FDIC would subsequently sell First Republic.
According to a survey, Gen Zers and millennials are especially interested in Apple’s high-yield savings account.
