Category Banking

KBRA Issues Preliminary Ratings for New Residential Mortgage Loan Trust 2024-NQM1

KBRA has assigned preliminary ratings to six classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2024-NQM1 (NRMLT 2024-NQM1), a non-prime residential mortgage-backed securities (RMBS) transaction valued at $281.9 million. The transaction is sponsored by Rithm Capital Corp., formerly…

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As U.S. Middle Market Firms Embrace Digitalization, Banks Face Mounting Pressure to Adapt

Coalition Greenwich Announces 2023 Greenwich Excellence, Best Brand and Share Leaders in U.S. Middle Market Banking Middle market companies in the U.S. are rapidly embracing digitalization, causing significant shifts in the commercial banking sector. Despite continued heavy investment by banks…

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Morgan Stanley Faces $1.6 Million Fine from FINRA for Violations in Municipal Securities and Associated Oversight Lapses

Today, FINRA announced a $1.6 million fine imposed on Morgan Stanley Smith Barney LLC for recurring failures in promptly closing out inter-dealer municipal securities transactions and promptly addressing short municipal security positions exceeding 30 calendar days, along with associated supervisory…

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TYSON 2.0 has selected Royal Queen Seeds as the exclusive cannabis seed bank for their global partnership

Royal Queen Seeds (RQS), renowned as one of the globe’s premier cannabis seed banks, has forged an exclusive partnership with TYSON 2.0, the esteemed cannabis brand co-founded by cultural icon Mike Tyson. This collaboration heralds a distinctive array of cannabis…

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Almond FinTech Poised to Take a Slice of $39.3 Trillion Cross-Border Payments Market with its Settlement Optimization Engine (SOE)

Almond FinTech, a B2B technology company bridging the worlds of fiat and digital currency, is empowering financial institutions with its Settlement Optimization Engine (SOE) to minimize losses and delays in cross-border money transfers, assisting with customer retention and acquisition. Almond’s…

Read MoreAlmond FinTech Poised to Take a Slice of $39.3 Trillion Cross-Border Payments Market with its Settlement Optimization Engine (SOE)