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25 Feb 2009, 12:04 am
Additionally, it makes it more difficult for banks, which received funds under the Troubled Assets Relief Program (TARP), to hire immigrants. [read post]
20 Feb 2009, 4:55 am
The title of this blog is when, not if, Citigroup and Bank of America will be Nationalized. [read post]
6 Aug 2012, 6:13 pm
Henry short stories are fun, with some nice dialogue, a good yarn, and some twists and turns along the way – is interesting for the snapshot it offers into small-town banking supervision in the late 19th century, during the National Bank Era. [read post]
25 Feb 2009, 8:46 am
To reassure the market that the federal government would not nationalization Bank of American and Citigroup the Chairman of the Federal Reserve said "We do not need majority ownership to work with the banks... [read post]
26 Jan 2009, 1:54 am
Concerns about banks’ troubled asset portfolios were the original basis for TARP, but the American Banker article noted that TARP money wouldn’t have been sufficient to save the National Bank of Commerce, as "the bank would have been eligible for a maximum of $12 million but needed at least $26 million to become well-capitalized again. [read post]
23 Jun 2010, 4:30 am
Since then, according to the Red Cross, the group has made significant improvements.In sum, it appears as though the nation's blood supply is - and has been - safe. [read post]
5 Jan 2021, 2:17 pm
’” (In their comment letter, the associations-which include the American Bankers Association, Consumer Bankers Association, and The Clearing House—also question the OCC’s authority to issue a national bank charter to an uninsured depository institution.) [read post]
25 Feb 2009, 7:15 am
Mencken Via Digby, Mencken is proven right again: A majority of Americans (54%) favor a temporary government "takeover" of major U.S. banks, but a much lower minority (37%) favor a temporary "nationalization" of the banks. [read post]
23 Dec 2009, 10:54 pm
There is a new law being proposed that would impose a tax on foreign banks if they do not reveal the details of Americans having offshore accounts with them. [read post]
27 Oct 2010, 3:00 am
It will be interesting to see where this is five years from now--will wealthy Americans still be able to hide their assets in Swiss banks because the IRS can't get the information unless it already has enough information? [read post]
23 Jun 2023, 8:54 am
In a speech FDIC Chairman Martin Gruenberg said the turmoil in the banking sector this spring, including the failure of three banks, indicated banks of this size pose a risk to the financial system and need greater oversight. [read post]
23 Jun 2023, 5:54 am
In a speech FDIC Chairman Martin Gruenberg said the trouble in the banking sector this spring, including the failure of three banks, indicated banks of this size pose a risk to the financial system and need greater oversight. [read post]
13 Apr 2023, 9:05 pm
The sudden collapse of Silicon Valley Bank (SVB) surprised many investors and industry experts, given the bank’s recent accolades and long-standing reputation as one of the best national and regional banks in the U.S.[1]Moreover, there had been no reported bank failures during the COVID-19 pandemic from 2020 to 2022. [read post]
13 Sep 2018, 5:03 am
Supreme Court late last week by State National Bank of Big Spring (SNB) which, together with two D.C. area non-profit organizations that also joined in the petition, had brought one of the first lawsuits challenging the CFPB’s constitutionality. [read post]
26 Feb 2009, 11:00 am
" 51% Oppose Nationalization Even of At-Risk Banks Thursday, February 27, 2009 Only 29% of Americans believe the federal government should nationalize some banks that are at risk of going out of business, according to a new Rasmussen Reports national telephone survey. [read post]
6 Dec 2021, 8:07 am
However, in a conference call with reporters, Director Chopra reportedly attacked big banks for “harvest[ing] billions in overdraft fees off Americans during the pandemic” and stated that bank overdraft practices reflect a “clear market failure. [read post]
4 Sep 2017, 8:32 am
And instead of paying nearly $30 million to around 130,000 military families as Bank of America did, a bank with an arbitration provision banning class actions would have paid nothing, or at most might only have to pay out a few thousand dollars to a handful of servicemembers if any went forward with arbitration.Now, the Senate will soon be asked to decide whether it is better if Americans can enforce consumer protection laws, as the servicemembers in these cases did, or… [read post]
2 Apr 2019, 3:41 pm
Under the settlement agreement, those funds were to be used "for purposes intended to avoid preventable foreclosures, to ameliorate the effects of the foreclosure crisis, to enhance law enforcement efforts to prevent and prosecute financial fraud, or unfair or deceptive acts or practices and to compensate the States for costs resulting from the alleged unlawful conduct of [the Bank defendants]. [read post]
17 Nov 2011, 7:38 am
Bank of American is working with selected real estate brokers to solicit eligible homeowners with BOA mortgages. [read post]
7 Jul 2009, 7:44 am
Yes, Lyndon Johnson bears greater responsibility for the damage done the nation by the Vietnam War. [read post]
