Complete Headlines for Today's American Banker
The Financial Services Daily
Page One 
In Senate, Both Parties Pan Dodd's Reform Bill
Senate Banking Committee Chairman Chris Dodd abruptly abandoned his plan to press ahead with a partisan vote on his regulatory reform bill next month after running ...
Parent Trap: Is RBS Good for Citizens?
Royal Bank of Scotland, the parent company of Citizens Financial, has taken more government bailout money than any other bank in the world. And this month it agreed to hold a yard sale for assets that ...
Why IBM Took the Plunge into Mortgage Servicing
Servicing is where the action — and government money — has gravitated. "It's a critical mass that gets IBM's attention," says a former insider.
House Panel Votes to Audit Fed and Fund Resolutions
The House Financial Services Committee approved a series of amendments Thursday designed to enhance oversight of the Fed and create a government fund to pay ...
Cards/Payments
GAO Interchange Report Only Adds Fuel to Debate
A much-anticipated government report on interchange finally appeared Thursday — and hardly seemed worth the wait.
Community Banking
Imperial Says It Sees 'Progress' on Capital
Imperial Capital Bancorp, which must raise $218 million of capital quickly to satisfy regulators, is talking with several potential investors, its CEO said.
Hanmi in Shelf Filing for Up to $200M
Hanmi Financial has filed a shelf registration to raise up to $200 million.
Greater Atlantic Extends Deal Deadline — for a Third Time
A private-equity firm's deal to buy the struggling Greater Atlantic Financial in Reston, Va., is getting more time to close.
Markets
Economic News Drags Down Bank Stocks
Economic data Thursday reinforced beliefs in a sluggish recovery, which in turn led investors to pull back on bank stocks.
Mobile Banker
NFC 'Add-On' Links Smart Phones, Contactless Pay
The start-up technology vendor Zenius Solutions has developed a way to add contactless payment capabilities to smart phones that links the transaction functions to ...
Northern Trust Preparing Mobile App
Northern Trust Corp. plans to introduce a mobile banking application next year for institutional money managers and their clients.
Mortgages
As Prime Loans Fail, 3Q Delinquencies Make Highs
In another dismal quarterly report, the Mortgage Bankers Association said Thursday that the share of all loans that were either 30 days or more delinquent or in foreclosure ...
Reverse Mortgage Lenders Fear 2nd Cut
Still bristling from the FHA's decision in September to cut "principal limit factors" by roughly 10% across the board on Oct. 1, reverse mortgage lenders are now bracing ...
Green Tree Said to Win Servicing Rights
Green Tree Servicing of St. Paul was the winning bidder for a $1B package of mortgage servicing rights recently auctioned by the FDIC, sources involved in the auction said.
National/Global
Parent Trap: Is RBS Good for Citizens?
Royal Bank of Scotland, the parent company of Citizens Financial, has taken more government bailout money than any other bank in the world. And this month it agreed to hold a yard sale for assets that ...
People
At least one constant in rapidly changing California banking scene: Robert Horsman; Warren Buffett tinkers with his bank holdings; JPM Chase's $5M Facebook giveaway.
Technology
Why IBM Took the Plunge into Mortgage Servicing
Servicing is where the action — and government money — has gravitated. "It's a critical mass that gets IBM's attention," says a former insider.
Viewpoints Letters
Viewpoint: Treasury Resolution Plan Solves Nothing
Treasury's proposal games resolution procedure and increases systemic risk and other "serious financial effects," thereby inviting the problem it purports to control.
Viewpoint: Wall Street-Main Street Divide's a Gaping Issue
Banks and bankers have got to make every effort to restore the industry's reputation. There is no silver bullet to accomplish this, but here are some steps that would help.
Viewpoint: Industry Has to Act to Fix CARD Law Income Rule
A proposal requiring creditors to look at income does not further the purposes of the Credit CARD Act when compared with the detriment such a requirement would impose.
Stress Test Profile: Iberiabank Corp.
Its recent purchase of failed banks and the possibility of future acquisitions of assets from FDIC bank resolutions make Iberiabank an emerging regional powerhouse.
Washington/Regulatory
In Senate, Both Parties Pan Dodd's Reform Bill
Senate Banking Committee Chairman Chris Dodd abruptly abandoned his plan to press ahead with a partisan vote on his regulatory reform bill next month after running ...
House Panel Votes to Audit Fed and Fund Resolutions
The House Financial Services Committee approved a series of amendments Thursday designed to enhance oversight of the Fed and create a government fund to pay ...
Wealth Management
College-Savings Firms Adopt Cash-Back Loyalty Programs
Two college-savings companies are borrowing a page from banks' cash-back loyalty playbook, offering customers rebates on services including refinancing mortgages or ...
