WaFd sheds 8% of staff with mortgage exit
WaFd Bank is exiting the single-family mortgage lending business, spurring an 8% reduction in the lender’s workforce, the Seattle-based bank said Thursday. The job cuts affect 174 employees, based on ...
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Signature Bank (NASDAQ: SBNY) is a full-service commercial bank with 30 offices throughout the five boroughs of New York City, as well as Nassau, Suffolk, and Westchester counties in New York and Fairfield County in Connecticut. Banks focus is on serving the financial needs of privately owned businesses, their owners and senior managers–a group of clients who often find themselves underserved by the area’s larger financial institutions.
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Signature Bank - Recent News & Articles
Bank of Korea leaves rates unchanged in a surprise move, warns GDP growth ‘highly likely’ to miss forecasts
The Bank of Korea held its benchmark policy rate at 3% in a surprise move so as to assess changes in domestic and external economic conditions. The BOK’s decision surprised economists polled by Reuter...
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the “final step” in the easing process. Even with the full ...
20 banks and thrifts with the most home equity loans
The top five banks and thrifts with the largest portfolios of home equity loans had more than $94 million in loans combined for the third quarter of last year — more than half of the roughly $178 mill...
China will sharply increase funding from treasury bonds to spur growth in 2025
China will sharply increase funding from ultra-long treasury bonds in 2025 to spur business investment and consumer-boosting initiatives, a state planner official said on Friday, as Beijing cranks up ...
Crypto Sees Second-Best Year Ever: 2024 Trading Hits $18.4 Trillion
AltIndex’s report showed that this growth was driven by Bitcoin's rally, spot ETF approvals, increased DeFi activities, and regulatory clarity in key regions. Binance dominated the market by reportedl...
Decentralized exchange volume hits record high of $462B in December
Decentralized exchanges (DEXs) set a record high in December, with monthly trading volume soaring to $462 billion, according to decentralized finance (DeFi) data platform DefiLlama. Data released on D...
BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days
BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion. BlackRock’s i...
Blockchain vs. SWIFT: Why Traditional Systems Can't Keep Up in the Global Economy
Cross-border payments keep the world connected, fueling everything from international trade to daily transactions. However, in the rapidly developing world, traditional systems like SWIFT might find t...
North Korea hackers behind 60% of all crypto stolen in 2024
The total value of crypto stolen in 2024 was up 21% on the previous year, although still way down on the $3.7 billion nabbed in 2022. Hackers linked to North Korea have become notorious for their soph...