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Archive for the 'Banking' Category
Washington DC - March 8 - Key vacancies at federal agencies overseeing banks present the White House with appointment opportunities that will play a role in implementing the administration’s financial reform legislation, as reported in The Washington Post.
To read the Washington Post article, CLICK HERE
Washington DC - March 4 - The U.S. Department of the Treasury announced that it priced a secondary public offering of warrants to purchase common stock of Bank of America Corporation, representing the Treasury’s sale of its remaining investment in the Company.
To read the entire report, CLICK HERE
Washington DC - March 3 - Bankruptcy filings in the federal courts rose 31.9 percent in calendar year 2009, totaling 1,473,675, according to data released by the Administrative Office of the U.S. Courts.
To read the entire report, CLICK HERE
Washington DC - February 26 - The Federal Housing Finance Agency reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans increased 5 basis points to 5.10 percent in January. The average interest rate on 15- year, fixed-rate loans remained unchanged at 4.54 percent in January.
To read the entire report, CLICK HERE
Washington DC - February 25 - Treasury Secretary Timothy F. Geithner offered written testimony before the House Budget Committee on the President’s Fiscal Year 2011 Budget.
To read his full statement, CLICK HERE
Washington DC - February 24 - Long after the financial collapse on Wall Street, Senators are closing in on a bipartisan agreement for financial regulatory reform, as reported in The Washington Post.
To read the Washington Post article, CLICK HERE
Washington DC - February 24 - Federal Reserve chairman Ben S. Bernanke delivered the Semiannual Monetary Policy Report to Congress before the House Committee on Financial Services.
To read his full report, CLICK HERE
Washington DC - February 23 - A new online Federal Reserve Board publication will help consumers better understand rules that provide additional protection from overdraft fees when a debit card or automated teller machine (ATM) transaction causes an account to be overdrawn.
To read the entire report, CLICK HERE
Washington DC - February 19 - A wave of foreclosures similar to that which swamped the nation’s housing market is threatening the commercial real estate market, according to an article in The Washington Post.
To read the Washington Post article, CLICK HERE
Washington DC - February 16 - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for December 2009.
To read the entire report, CLICK HERE
Washington DC - February 11 - The U.S. Department of the Treasury released the following statement from Secretary Geithner marking one year of the Financial Stability Plan and its effect on the economy.
To read the full statement, CLICK HERE
Washington DC - February 10 - Federal Reserve Chairman Ben S. Bernanke issued a prepared statement for a hearing before the House Committee on Financial Services outlining the Federal Reserve’s exit strategy from lending programs implemented to reign in the recent financial crisis.
To read the full statement, CLICK HERE
Washington DC - February 4 - National Farmers Union President Roger Johnson joined U.S. Senator Maria Cantwell, business leaders, manufacturers, trucking companies and airlines calling on Congress to stand up to the big banks and get serious about controlling the commodities market.
To read the entire report, CLICK HERE
Washington DC - February 3 - Another wave of bonuses is planned by American International Group(AIG) totaling about $100 million, just one year after a round of bonuses at AIG raised the ire of Americans, as reported in The Washington Post.
To read the Washington Post article, CLICK HERE
Washington DC - February 3 - President Barack Obama outlined the new Small Business Lending Fund, which will transfer $30 billion from the Troubled Asset Relief Program to a new program that will support small business lending.
To read the entire report, CLICK HERE