Finance

Lead Editor: Sean McMahon

About This Industry

SmartBrief brings you all the latest news from every corner of the financial services sector. When you need more intel about how market trends and policymakers are going to affect you and your business, SmartBrief has you covered.

BofA's mortgage-bond issue results in $17B settlement

8/21/2014

  • Reuters
  • Wall Street Journal (tiered subscription model), The

Bank of America is poised to pay almost $17 billion to settle Justice Department concerns about mortgage bonds that the bank sold before the financial crisis. The deal could be announced as soon as to… Read More

Multifamily fundamentals strong, but signs emerge of tapering demand

8/21/2014

  • Wall Street Journal (tiered subscription model), The
  • Investor's Business Daily

Shares of multifamily REITs are trading at all-time highs and rents remain strong. This year may be the strongest year for the asset class since the recession, according to Stephanie McCleskey, Axiome… Read More

SwapClear appoints Australian head in bid to expand

8/21/2014

  • Global Capital online (U.K.) (subscription required)

LCH.Clearnet's SwapClear has named Marcus Robinson as head in Australia as the clearinghouse strives to increase its presence in the region. "The relocation of Marcus, one of our senior executives, re… Read More

IRI: Annuity investors satisfied, complaints decline

8/21/2014

While some media reports suggest that complaints about variable annuities are on the rise, the Insured Retirement Institute notes arbitration data from the Financial Industry Regulatory Authority that… Read More

Experts: Disaster readiness is crucial for insurers and clients

8/21/2014

  • PropertyCasualty360

Planning is crucial for insurers' ability to serve clients during disasters, experts said. "Most [businesses] don't make [disaster planning] part of their culture, so even if they do have plans, they'… Read More

Big Data helps banks improve services, CBA tells feds

8/21/2014

  • ABA Banking Journal online

Financial firms use data analytics to weed out fraud and to improve services for customers, the Consumer Bankers Association and the American Bankers Association wrote in a letter to the Commerce Depa… Read More