FDIC promises more scrutiny of banks’ commercial real estate loans

The Federal Deposit Insurance Corp. plans to increase its scrutiny of banks’ exposure to commercial real estate loans, citing uncertainty about the future of work and commerce in the wake of the COVID-19 pandemic. The agency said that its examiners will put particular attention on testing newer loans, as well as loans within subsectors and … Read more

Bank of America, Marriott CEOs to meet with Biden on economy as recession debate heats up

President Joe Biden is due to huddle with a small group of top CEOs on Thursday and speak on the US economy, following the release of a report that’s intensifying the debate about whether a recession has already begun. Biden is scheduled to speak twice on economic topics, first at noon Eastern on a newly … Read more

Starling pivots to global B2B as digital banking consumers feel economic pinch

Challenger bank Starling said it will need to sell its software to other banks to fulfill its global ambitions rather than expand via its core consumer digital banking offering, and has set its sights on Europe, the US and – potentially – Australia. Chief executive Anne Boden said it would instead use its software-as-a-service product … Read more

US stock futures rise ahead of retail sales data, Citigroup results

US stock futures moved higher on Friday, as investors awaited data including retail sales and the University of Michigan sentiment survey, as well as earnings from Citigroup Inc. and Wells Fargo & Co. How are stock-index futures trading? Futures on the Dow Jones Industrial Average YM00, + 0.25% rose 113 points, or 0.4%, to 30717. … Read more

These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%

During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has. But you might want to tilt towards a sector that has fared well during previous downturns. You might … Read more