The Basel Committee of central bankers and supervisors agreed to delay its tough new capital requirements on bank trading books by one year, it said on Friday. “The Committee agreed to a coordinated start-date of not later than Dec. 31, 2011 for all elements of the July 2009 trading book package,” it said in a statement.
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Quicken Loans has become the largest mortgage lender in the country over the last few years due in large part to the growth of Rocket Mortgage, the company’s digital mortgage platform. As it turns out, Rocket Mortgage is becoming so big that it’s now consuming other parts of the Quicken Loans family of companies too, namely the company’s reverse mortgage lender.
Realogy will be renaming NRT, the business unit that includes Corcoran Group, Sotheby’s International Realty and Coldwell Banker.