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14 Oct 2009, 9:12 pm
According to the allegations underlying the class action complaint, plaintiff purchased an annuity “designed and issued by AIG Annuity and sold by Union Planters Bank” that was to pay 4.6% interest and that “all expenses, including anticipated interest credited to an annuity owner’s contract, were considered when determining the initial base rate of interest. [read post]
13 Oct 2009, 9:18 am by Mala Mason
Day 2 started with a compelling speaker, Tom Glatt of REALTORS® Federal Credit Union (www.realtorsfcu.org). [read post]
13 Oct 2009, 8:00 am
The FSA cites these concerns in and responds by laying out a strategy for achieving “international alignment and implementation of remuneration principles” via lobbying the G20 member-states, the European Union, and the Basel Committee on Banking Supervision in Switzerland to adopt regulations that are either similar to or exactly the same as the FSA’s new Remuneration Code. [read post]
13 Oct 2009, 1:35 am
His dismissal of those reports is his first public comment on the matter, though he repeatedly declined to elaborate. [read post]
10 Oct 2009, 2:45 am
., a plan official) is required to be bonded unless covered under one of the exemptions in section 412 for certain banks, insurance companies, and registered brokers and dealers, or by one of the regulatory exemptions granted by the Department in its regulations. [read post]
6 Oct 2009, 4:06 pm by chucknewton
  First, it removes the banks and credit union as an honest broker on which the debtor can rely when they file bankruptcy. [read post]
5 Oct 2009, 5:03 am
Three-quarters of the economics stories during this period carried either New York or Washington, D.C. datelines.Moreover, at the first signs of  improvement in the economy, media coverage dropped precipitiously, from 46 percent of overall news coverage in February and March 2008, to only 21 percent of total coverage from April through June. [read post]
4 Oct 2009, 7:25 am
The current regulatory scheme allows banks to pick their regulator by choosing where to incorporate and what kind of charter to adopt (state vs. federal, bank vs. savings association vs. credit union, member of the Federal Reserve System or not). [read post]
2 Oct 2009, 6:46 am
Any such suggestion is as suspect as blaming short sellers for the consequences of the demise of the shadow banking system. [read post]
29 Sep 2009, 10:27 am
The owner-operator was capable, but he was operating his hotel as if it was a block or two closer to Union Square. [read post]
29 Sep 2009, 6:20 am
The IRS first filed a $91,968 lien against Elvis Mitchell, now he owes over $500,000. [read post]
25 Sep 2009, 8:26 am
First State Bank of DeQueen; Stone Street Capital, Inc.; and Cletius L. [read post]
25 Sep 2009, 6:15 am
So first, a refresher course on the rules, the ones the bank explained to you when you signed up for an account in a fine print document that you probably ignored. [read post]
23 Sep 2009, 11:28 am
On my first day in office, I prohibited - without exception or equivocation - the use of torture by the United States of America. [read post]