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American Banker - On Focus and In Depth

Thursday, July 29, 2010, as of 03:16 PM EDT

Small Business Lending Fund Bill Stalls — Again

American Banker | Jul 29

Defying expectations once again, a bill that would create a small business lending fund failed to pass a critical vote that would have limited debate and allowed it to ...

Community Bank Chatter Turns Toward 'Live' Deals

American Banker | Jul 29 | Free with Registration

At an industry conference this week in New York, executives at banks with less than $20 billion of assets gave anecdotal evidence that a much-expected wave of unassisted deals may be nearing.

Failed-Bank Deals Losing Their Allure in California

American Banker | Jul 29 | Free with Registration

Two recent deals in Southern California serve as a billboard announcing that the mergers and acquisitions market there is shifting to open-bank deals.

U.S. Bancorp to Receive 9.5% Stake in Nuveen in Asset Swap

Dow Jones | Jul 29

U.S. Bancorp said it would receive a 9.5% stake in Chicago firm Nuveen Investments in exchange for the bank's long-term asset-management business FAF Advisors.

Overdraft Protection Getting the Hard Sell Before Rules Change

American Banker | Jul 29

With new restrictions taking effect and billions in fees at stake, banks are not giving up on overdraft services without a fight.

Fannie Chief Says GSE Getting Ready for Housing Revamp

American Banker | Jul 29

Michael Williams, Fannie Mae's president and CEO, said that the GSE is preparing for an expected overhaul of the U.S. housing system by Congress and the Obama administration.

Citigroup Reportedly Nears $75M Settlement with SEC

Dow Jones | Jul 29

Citigroup will pay $75 million to settle regulatory charges that it failed to disclose $40 billion in subprime exposure to investors in the second and third quarters of 2007.

Feedback

Hawke on Williams Snub

I am shocked that the Administration would preempt Julie William's succession to the position of Acting Comptroller of the Currency - a role she has filled with great skill in the past.

Security Watch

Fill it Up

Skimming devices have Denver motorists on red alert; researchers see weaknesses in WPA2 wireless format; feature on Safari browser may have security flaw; and more.

Viewpoint

Let CDFIs Help Small Businesses

The Treasury's CDFI Fund has ramped up its awards and is looking toward putting another $300M in capital into grants to nonprofit lenders for small lending and microlending.

Departments

Survey

Now that the financial crisis has ebbed, which of these best describes your current mood?

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Pipeline

A roundup of credit market news and views

A man in danger of foreclosure asks for small loans on his blog and in exchange he will set his car ablaze for anyone to view on the internet; and more.

Key Stock Indexes

Updated at 1:00PM ET and 5:00PM ET
Value Day Week Month
KBW Bank Index 48.50 -0.49 1.19 6.15
ABA/Nasdaq Index 153.89 -0.57 0.66 3.28
S&P 500 Index 1,096.38 -0.88 -0.57 6.72

How Consumerization of IT Will Make Your Business More Productive

Read this exclusive IDG Research Services survey to learn why IT executives worldwide are embracing 'The Consumerization Of IT.