Scoops
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GM Plans to Seek Banking Charter to Grow Auto-Lending Business
Auto maker could file paperwork with federal and state regulators as soon as next month
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M&T Bank to Buy People’s United for $7.6 billion
The all-stock deal would be the first major acquisition for M&T since 2015
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Huntington Bancshares Agrees to Merge With TCF Financial
The all-stock deal would be the latest in a recent string of regional-bank tie-ups
Assorted
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Fire and fraud: The mystery of a small Texas bank that became the nation's first failure in years
The May 11 fire at Enloe State Bank set off a chain of events unlike anything the town’s 2,000 residents had ever seen
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As Coronavirus Spreads, Community Banks Watch for Fallout
Small banks, already struggling, brace for another hit as coronavirus pummels local businesses
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Deadly Heat Wave in Pacific Northwest Overwhelmed Healthcare System
Emergency rooms overflowed, 911 calls doubled and ambulances were delayed when temperature rose above 100 for three straight days
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Many Black Homeowners Are Falling Further Behind on Their Mortgages
The share of Black homeowners in forbearance in mid-April was about 11%, more than double the overall rate
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Covid-19 Deals Different Hands for Family Finances
Maria Patton and her son, Aaron Reed, drive around the Nashville suburbs in the evening, looking for a safe place to park.
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JPMorgan CEO Jamie Dimon Sees ‘Goldilocks Moment’ for U.S. Economy
Stimulus, infrastructure spending and vaccines could fuel an economic boom into 2023, Dimon says
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Need a Mortgage Loan? Good Luck. Lenders Are Tightening Standards.
Mortgages are going almost exclusively to borrowers with pristine credit histories
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Rocket Stock Is the New Meme Trade. Move Over, GameStop.
Rocket, the parent of Quicken Loans, has surged 28% this week
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Financial Firms Gear Up for Biden and an Emboldened Consumer Watchdog
Biden team envisions Consumer Financial Protection Bureau issuing harsher penalties