Federal Home Loan Banks rebuff Treasury, won’t give 20% to housing

Financial News

Federal Home Loan Banks rebuff Treasury, won’t give 20% to housing

  Home Loan Bank executives said Congress would have to pass a law for the system to increase its affordable housing contribution above 10% of earnings. 

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  The Dallas company, which has been in transformation mode for three years, recently took a series of actions to try to meet the profitability targets it set for itself. 

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Financial News

  A company spokesperson said the company reviews fraud-related issues and refers them to law enforcement "as appropriate." 

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Financial News

  Morgan Stanley will have to pay $2 million for failing to flag trading in First Republic Bank by its former CEO. The transactions happened in the lead-up to the regional bank's collapse. 

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Financial News

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