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The Fed is deciding whether bank consumers should be able to opt out of a bank's overdraft program.
On June 30, 2009, several agencies released for comment proposed guidance to communicate consistent expectations on sound practices for the management of funding and liquidity risks.
In terms of the unforeseeable and destructive effects of government regulation, it's difficult to find a better example of a time bomb: it was set in 1934 to explode in $147 billion (about $239 billion in 2008 dollars) of damage 55 years later.[8] Then, to top it all off, the free market received the blame! While the establishment Left is certainly horrible on the issue of housing, the Right has ...
The Federal Deposit Insurance Corporation, the body that attempts to keep depositors’ money safe in the event of bank failures, wants the co-operation of large public pension funds as it seeks capital to buy failed banks or the assets of banks for which there are few buyers, including property holdings.
JPMorgan Chase and Morgan Stanley will no longer issue government-guaranteed bonds in an effort to sever their financial ties to the US authorities and show investors they can fund themselves without Washington's help.
OREGON – The closing of Rock River Bank a week ago didn’t come as a surprise to local government officials. “We’ve been kind of aware for a month or more,” Ogle County Board Chairman Ed Rice said. “We’ve been watching it.”
As discussed in the June 30, 2009 Alert , the SEC has proposed significant amendments to Rule 2a-7 under the Investment Company Act of 1940, as amended (the "1940 Act"). Rule 2a-7 sets forth the principal requirements applicable to registered investment companies operating as money market funds.
After private equity investors (PE Investors) came to the rescue in two of the larger bank failures of the current crisis – IndyMac and BankUnited – the Federal Deposit Insurance Corporation (FDIC) has shifted course and proposed a new and challenging Statement of Policy (Statement) that would impose substantial new and unprecedented burdens on PE Investors seeking to acquire failed banks.
ESSEX - Gregory R. Shook, president and chief executive officer of Essex Savings Bank, recently traveled to Washington, D.C. where he met with legislators and regulators to discuss how recent banking proposals have impacted Connecticut communities. Shook was one of 37 bankers from Connecticut, Massachusetts and Rhode Island who visited Washington to voice the concerns of the many bankers who ...
Appalachian Community Bank, based in Ellijay, was served in April with a cease and desist notice from the Federal Deposit Insurance Corporation (FDIC).
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