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Dorothy Savarese knows as well as any community banker the frustrations from mounting regulation. Empirical studies can illuminate compliance burdens and their broader consequences for policymakers, the Massachusetts thrift executive says.
October 3 -
Federal Reserve Board Chairman Ben Bernanke said Wednesday that U.S. regulators don't want to harm community bankers still ailing from the financial crisis.
October 2 -
With nearly 140 banks and a forecast for sluggish growth in the next decade, the city should be primed for consolidation. One big problem: few bankers seem interested in selling.
October 1
Federal Reserve Board Chairman Ben Bernanke was willing to talk baseball on a trip to the heartland this week but not the government shutdown.
James Bullard, the president of the Federal Reserve Bank of St. Louis, was tasked with introducing Bernanke, a noted baseball fan, on Wednesday at a Fed conference in St. Louis dedicated to community banking.
"Washington has shut down and is not playing baseball," Bullard said, referencing both the government shutdown and the Washington Nationals inability to make the playoffs this year.
"St. Louis has not shut down and we are still playing baseball," Bullard added as Bernanke stood up. "So, consider St. Louis your home away from home for baseball, Mr. Chairman."
Bernanke astutely avoided making any offhand comments on the stalemate in Washington, though he couldnt resist a brief retort about postseason baseball. "Wait till next year," he told Bullard after taking the podium.
Interestingly, there is some speculation that Bernanke,
