Sen. Tim Scott drops out of Republican presidential race
After disappointing polling and an inability to break through in a crowded primary race dominated by former president Donald Trump, Senate Banking Committee ranking member Tim Scott, R-S.C., said he is suspending his campaign.
Barofsky, a former inspector general of the Troubled Asset Relief Program and frequent Wall Street critic, was removed as ombudsman by Credit Suisse in November 2022.
The Pennsylvania bank has agreed to sell its Exchange Underwriters subsidiary to World Insurance Associates for $30.5 million, saying that the deal will help pad its capital and liquidity.
The number of government-backed home loans transferred from one borrower to another is up significantly this year as prospective buyers look for ways to avoid elevated interest rates. Some say this is the beginning of a larger movement, but others