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Regions Financial Corp. reported continued growth in customers’ digital usage and transactions during the second quarter, with President, CEO and Chairman John M. Turner highlighting its online banking and mobile app offerings as “key initiatives that are central to our long-term strategy.” Speaking during a Friday (July 17) earnings call, Turner said surveys ranked Regions No. 1 among regional banks in online…
Swaps traders spot their e-FX chance – finally – Risk.net Skip to main content End of drawer navigation content Swaps and forwards dealers are increasingly using spot e-FX techniques for pricing and risk management Despite ballooning to a record $4 trillion a day, the foreign exchange swaps and forwards markets have been surprisingly slow to…
Earlier this year, the UK Financial Conduct Authority (FCA) completed a “Stablecoin Sprint” to better understand the emerging digital currency market. The initiative included about 75 participants, including traditional finance and Fintechs, addressing payments and transfers. This past week, the regulator provided an update on what they learned during the Sprint. Insights gleaned from the…
Fourth-trigger CDS market weighs going blind – Risk.net Skip to main content End of drawer navigation content Dealers see benefit of undisclosed, replenishable pools – but not everyone is convinced A structure already embraced by the loan market may reshape how banks lay off derivatives counterparty credit risk, as so-called blind pools – undisclosed, replenishable…
A Florida resident is challenging appraisal fees in a new class action lawsuit against a major lender and an appraisal management company. Processing Content Clayton Bernholtz sued CrossCountry Mortgage and Class Valuation last month for unjust enrichment, in a state filing the AMC removed to a federal court last week. The 16-page complaint argues that…
Brazil remains a good old-fashioned emerging market play, while volatile semiconductor manufacturers distort Asian stock indices. Financials make up 40% of the MSCI Brazil stock market index, with energy and materials combined accounting for nearly 30%. The Ibovespa index enjoyed a thrilling spring as global investors looked for a hedge against surging commodity prices. While…