Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Barclays plans to offer apprenticeships in banking to people 50 and older by the end of the year. That’s a rational response to an aging workforce and the impact of demographics in developed economies, and one that more companies around the world will need to replicate. It’s great news for those who find themselves unemployed…
WASHINGTON � In unusually expansive comments, Consumer Financial Protection Bureau Director Richard Cordray provided new details Tuesday about proposals due soon from the agency while offering insights into an internal battle over easing a key mortgage rule. Speaking at a town hall meeting organized by the National Credit Union Administration, Cordray gave some specifics about…
(Bloomberg) — The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don’t call it subprime. Hedge fund Seer Capital Management, money manager Angel Oak Capital and Sydney-based bank Macquarie Group Ltd. are among firms buying up loans to borrowers who can’t qualify for conventional mortgages…