Comerica to Exit Mortgage Banker Finance Business by End of Year
Comerica Inc. said it plans to exit the mortgage banker finance business, a move intended to smooth seasonality in its loan portfolio.
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Private Equity Firms Have $1.5 Trillion to Spend, But Are Struggling to Seal Deals
Private equity firms hunting for acquisitions with their $1.5 trillion of unspent capital are struggling to seal deals as they hit roadblocks.
Wells Fargo’s Mayo Says It’s Time to End Detour in Bank Stocks
The “detour” is finally over for investors in bank stocks, said Wells Fargo & Co.’s Mike Mayo, after the group notched four-straight weeks of gains.
Global Fund Managers Afraid to Miss Out on AI Frenzy, Survey Shows
Broad consensus from BofA's latest global survey of fund managers, which showed investors are “exclusively long” tech stocks amid the buzz around AI.
QT Will Soon Begin to Bite With 10% Hit to Liquidity, BNP Warns
The unwinding of balance sheets by major central banks will soon begin to bite, causing a massive siphoning of liquidity from markets.
Stocks Drop 20% If Bonds Have Inflation Right in JPMorgan Model
Widening disconnect between stocks and bonds suggests a 20% downside risk for equities if bonds are proved correct in pricing inflation volatility.
JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets
Goliaths of US banking are getting even bigger after a series of regional lender failures funneled assets into giants such as JPMorgan Chase & Co.
