Key insight: Citi is turning a corner on profitability, CEO Jane Fraser said. Forward look: The company plans to disclose future profitability metrics in May. Expert quote: “The best part is, there is much more upside ahead,” Fraser said. UPDATE: This article includes comments made during Citigroup’s earnings call as well as commentary from a […]
Citi’s makeover shows results, with more upside ahead: CEO Read More »
Mortgage-related securities could experience performance issues as the White House moves to furlough and potentially cut some staff amid a congressional budget impasse, an analysis by Kroll Bond Rating Agency shows. KBRA’s assessment of Congressional Budget Office, Federal Reserve Bank of St. Louis, private-label securities and credit-risk transfer data finds concentrations exist most notably in
Mortgage risks tied to federal furloughs flagged by KBRA Read More »
Doug Lebda, the founder, chairman and chief executive officer of financial services marketplace LendingTree, died over the weekend in an all-terrain vehicle accident, according to the company. He was 55. Lebda established LendingTree in 1996 after experiencing a lack of transparency and confusing process while obtaining a mortgage. His goal was to simplify financial decisions
How late fintech pioneer Doug Lebda built LendingTree Read More »