Mortgage originations for JPMorgan Chase were “modestly” over what analysts expected, but even with the increase in the retail channel share, gain on sale was down. Processing Content This is an early downbeat sign for the independent mortgage banking community, a report from Keefe, Bruyette & Woods indicates. Chase is the first large bank to […]
JPM’s 4Q gain-on-sale drop off a negative sign for IMBs Read More »
Citigroup Inc. is set to cut about 1,000 jobs this week as part of Chief Executive Jane Fraser’s march to keep a lid on costs and improve returns at the Wall Street bank. Processing Content The company, which had 227,000 employees at the end of September, is culling its ranks as part of a plan
Citi to cut about 1,000 jobs this week as Fraser trims costs Read More »
(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his
Trump says furor over Powell probe won’t delay Fed pick Read More »