Banking Industry

FDIC Accuses 2 bankers of Unsound Acts, May Ban Them

(Source: The News Tribune by CR Roberts) – The Federal Deposit Insurance Corp. has issued scathing accusations against two former Washington bankers who helped preside over the failures of their banks.


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The Challenge of Overcoming Shrinkage

(Source: The Motley Fool) – There’s a new trend in U.S. banking: shrinkage.


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Shadow System Will Flourish as Banks Are Constricted

(Source: American Banker Eugene A. Ludwig) – Regardless of where one comes down on the desirability of any one of the raft of new regulations mandated by the Dodd-Frank Act, there is no question that their cumulative impact will be [...]


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Bank of America Posts 2Q Net Loss of $8.8B, Hit by Mortgage Troubles

CHARLOTTE, NC (Source: New York Post) – Bank of America reported Tuesday a second-quarter net loss of $8.8 billion, or 90 cents a share, against a year-earlier profit of $3.1 billion, or 27 cents a share.


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Oversight Chairman Issa ‘Very Concerned’ Elizabeth Warren And Consumer Bureau Will ‘Bully Banks’

(Source: Think Progress By Lee Fang) – Previewing a hearing he’s holding today on the new Consumer Financial Protection Bureau, House Oversight Committee Chairman Darrell Issa (R-CA) told Fox Business yesterday that he plans to grill Professor Elizabeth Warren, who [...]


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Banks Preparing for (and Fearing) Derivatives Rules

(Source: DealB%%k New York Times By BEN PROTESS) – Wall Street is giving a long-anticipated makeover to its derivatives business, a major profit center that played a leading role in the financial crisis.


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Debit Card Rules Save Banks $3.5 Billion, Moody’s Says

(Source: New York Times) – While new caps on debit card fees will cost Wall Street billions of dollars in precious revenue, the dent could have been much worse.


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DealTalk: Swiss Banks Court Buyers as Fear Stalks Industry

(Source: Reuters By Martin de Sa’Pinto and Chris Vellacott) – Switzerland’s legions of small banks are struggling to arouse interest in their businesses from unenthusiastic buyers as they grapple with mounting costs and the pursuit of tax dodgers across borders.


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