Community banking
Community banking
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The Home Affordable Modification Program was so poorly implemented that it accomplished on a fraction of its stated intent, says the former Tarp special inspector general.
May 12 -
Tim Geithner's Treasury Department half-truths, exaggeration and intentional deceptions misled the public about Tarp and the AIG bailout, says the program's former Special Inspector General.
May 12 -
Giant banks pose such a threat to the economy that lawmakers have gone to extreme-and futile-lengths to protect against their failures, says the former Trap Special Inspector General.
May 12 -
Dodd-Frank was tailored to tame giant banks and has left smaller institutions suffering much of the collateral damage, says the former Trap Special Inspector General.
May 12 -
The Justice Department's fear of losing cases and lack of sophistication likely enabled many Tarp fraudsters to get off scott free, says the former Tarp Special Inspector General.
May 12 -
The Fed and Treasury fought fiercely to prevent Americans from learning that the Troubled Asset Relief Program was a giant bailout for banks-not homeowners-says the former Special Inspector General.
May 12 -
The Washington-Wall Street revolving door blinded policymakers to outside concerns and doomed the Troubled Asset Relief Program, says its former Special Inspector General.
May 12 -
As a former banker, I watched in amazement and disgust as the country's largest banks morphed from trusted fiduciaries of customer financial assets to unrepentant predators of consumer financial assets in just a few decades.
May 11 - Pennsylvania
After putting its initial public offering plans on ice, Customers Bancorp in Wyomissing, Pa., has placed $270 million of its investment portfolio on the auction block.
May 11 -
First California Financial Group's decision to turn down a buyout offer from PacWest Bancorp (PACW) has angered at least one of the company's largest shareholders.
May 11 -
Many banks reported strong loan production in the first quarter, but most bankers acknowledged that overall loan demand remains tepid and that the activity is largely a result of stealing business from rival banks.
May 11 -
Faced with losing key commercial clients, a number of community banks are looking to lower loan pricing by offering floating rates. By doing so, bankers are putting themselves at risk if the Fed aggressively raises interest rates.
May 11 -
I guess I'm tired of reading and hearing banks and their managements cursed, ridiculed and extolled for causing the financial meltdown and economic crisis. It seems that most everyone from Washington to the "Occupy" groups wants a piece of banking's hide for the pain of this recent experience.
May 11 -
Jamie Dimons mea culpa over a $2 billion trading comes at a lousy time for bankers opposed to trading restrictions. It also raises questions about the effectiveness of big banks risk management.
May 11 -
Hudson Valley Holding (HVB) in Yonkers, N.Y., has named a new leadership team following the resignation of founder and Chairman William E. Griffin.
May 11 - Delaware
WSFS Financial (WSFS) of Wilmington, Del., has lowered its previously reported first-quarter earnings after the implementation of a new risk-rating system led it set aside more funds for loan losses.
May 10 - Missouri
BancorpSouth in Tupelo, Miss., announced Thursday that its longtime leader Aubrey Patterson plans to relinquish his duties as chief executive in 2013.
May 10 -
Diebold said it will provide and manage the security of Patriot Bank's new headquarters.
May 10 -
I've never been able to square bankers' constant demands for less regulation with their repeated requests for more government backing on loans, deposits and insurance.
May 10 -
The Federal Reserve Board has entered into written agreements requiring two holding companies to serve as sources of strength for their community banks.
May 10











