WASHINGTON - (02/02/06) -- The House overwhelmingly passed theDeposit Insurance Reform bill Wednesday sending the bill to morethan double insurance coverage for retirement accounts on to thePrsident for his signature. The bill will raise the limit onretirement accounts, currently $100,00 like other accounts, to$250,000 each, and require NCUA and the banking regulators to startraising coverage limits for all other accounts, based on the rateof inflation in 2010. The bill will also merge the bank and thriftinsurance funds, something that has been debated since the S&Lcrisis.
-
Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
18m ago -
The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
April 18 -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
April 18 -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18