BOSTON - (07/29/04) There was a man dressed in anIndiana Jones costume cracking an eight-foot leather whip as HouseMinority Whip Steny Hoyer of Maryland arrived Wednesday night tothe CUNA-sponsored reception for the Democratic Whipsin the House and Senate. A man in an Egyptian-style red Fez handedout token treasure as Democratic pols, their staff,and lobbyists climbed a red carpet into Bostons Museum ofFine Arts to honor Hoyer and Sen. Harry Reid of Nevada, bothresponsible for whipping their colleagues into lineof legislative battles. Invited guests were given nametags attachedby miniature leather whips then offered chicken-mouse andpistachio-stuffed date canapĚs as they climbed the stairs tothe promenade where they were greeted by an 11-piece orchestra anda five-piece rock band. Later on in the reception, cosponsored byCUNA, Fannie mae, Sallie Mae, Ernst & Young, BellSouth , theNational Association of Homebuilders, attendees were treated toperformances by well-known music stars Natalie Merchant and MartinaMcBride while they munched on refreshments under masterpieces byVan Dyk, Rubens and Valasquez.
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Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
April 23