Quantcast
David Stevens, president of the Mortgage Bankes Association (Image: Bloomberg News)
Banks and their representatives raised a host of issues with a proposal to reduce banks' reliance on credit ratings, including that it may end up capturing small banks.

Breaking News

Mergers & Acquisitions

About half of the deals in January were in the Midwest, and there have been a few more since — but some key ingredients for "the wave" are missing.

Consumer Finance

Image: Debbie Fogel
Bank of America and its largest rivals are hogging most of the mortgage-mess headlines. But smaller banks are also struggling to resolve problems from their high levels of delinquent loans.

Regulation & Reform

Sen. Spencer Bachus (Image: Bloomberg News)
The chairman of the House Financial Services Committee is under investigation by the Office of Congressional Ethics — news that comes at an uncomfortable time, since Bachus is currently in the midst of a re-election fight.

Community Banking

Liberty Bell Bank has filed to form a bank holding company in a move that some observers believe could finally address longstanding issues with its former chairman.
Delaware AG Beau Biden (Image: Bloomberg News)
The $25 billion multistate mortgage settlement requires banks to conduct an extensive review of foreclosures against military borrowers, and could cost millions more in compensation.

Consumer Finance

William Galvin, Massachusetts Secretary of the Commonwealth (Image: Bloomberg News)
Massachusetts' top securities regulator has asked Bank of America to turn over documents related to two collateralized loan obligations.

Community Banking

Eric Sandberg, president and CEO of the Texas Bankers Association
The Texas Bankers Association is irked about a he National Credit Union Administration's decision to infuse $60 million into the otherwise insolvent Texans Credit Union.

American Banker Magazine

There have always been regulatory impediments to the pursuit of profit, but bankers are increasingly worried about how to preserve the self-determination they have left.

Bank Technology News

In some banks, IT is an order taker. In these banks, the CEO realizes the importance of technology to the company's success and the CIO is a valued member of the executive suite.

Survey

Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?

12%
32%
56%
Already a subscriber? Log in here
Please note you must now log in with your email address and password.