Watchdog Warns of ‘Significant’ PPP Fraud Risk
The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.
Fintech Takes Root in America’s Farmland
Using data-focused underwriting principles, FarmTogether provides investors fractional ownership of agricultural land that’s then leased out to farmers.
The Fed Proposes Significant Volcker Rewrite
Proposed changes would ease the rule's strict limits on proprietary trading by banks.
Direct Listings: An Alternative to IPOs?
If capital raising no longer motivates companies to go the IPO route, direct listings may be the answer.
Spotify Moving Closer to Direct NYSE Listing
A direct listing would allow Spotify to avoid the hefty underwriting fees of a traditional IPO while providing liquidity to shareholders.
Advice to Cyber Insurance Buyers: You Are Not Alone
CFOs and risk managers need to know that cyber underwriters are using "security scores" to assess their clients' risks.
Berkshire Hathaway Profit Falls 5% to $3.56B
The decline in earnings reflected an after-tax loss of $267 million from insurance underwriting that offset gains from the BNSF railroad and utilities.
Ally Financial Fined $52M Over MBS Marketing
U.S. authorities say an Ally subsidiary marketed mortgage bonds even though it knew a "significant percentage" of the underlying subprime loans was toxic.
Fed Finds Little Change in Lending Conditions
Banks reported easing of credit card and auto loan standards, but in the commmercial and industrial loan segment reports of tightening were more frequent.
Bank's credit underwriting standards loosened considerably in 2014, especially among commercial loan products, says the OCC.