Bank Credit Card Guide & Banking News

Senate Reforms Boost Federal Reserve's Powers Over Non-Banks - Insurance Journal
... change from an earlier proposal that would have transferred those banks to Federal Deposit Insurance Corp. supervision. The plans could yet change, sources said, with weeks to go before Congress completes its long debate on regulatory reform ...
Posted: Tue, 16 Mar 2010 10:25:00 GMT

New lending at 9 bailed-out banks plummets in January ... - Minneapolis Star Tribune
WASHINGTON - The Treasury Department says new lending plummeted ... Fifth Third Bancorp, Hartford Financial Services Group Inc., KeyCorp, Marshall & Ilsley Corp., PNC Financial Services Group Inc., Regions Financial Corp. and Suntrust Banks Inc.
Posted: Mon, 15 Mar 2010 23:19:00 GMT

US STOCKS-Wall St lower on China, jitters over bank ... - The Guardian
The KBW Banks index fell 0.9 percent while Dow component JPMorgan Chase & Co fell 0.8 percent to $42.83 ... The S&P Energy index fell 1.6 percent and was the worst performer among S&P sectors as crude oil fell 2.2 percent to $79.43 per barrel on a ...
Posted: Mon, 15 Mar 2010 17:07:00 GMT

Bond Set For Huron Shooting Suspect - Yankton Daily Press
The victim was identified as 21-year-old David Macauley. Beadle County Deputy State’s Attorney Jeff Banks says the Macauleys are related but he would not elaborate. It is the second shooting death in Huron in a matter of days. Authorities say a ...
Posted: Tue, 16 Mar 2010 05:39:00 GMT

Old Southern Bank in Florida acquired by Arkansas-based ... - Washington Examiner
Home BancShares Inc. and Centennial Bank announced Friday that Old Southern Bank was purchased through a loss-sharing agreement with the Federal Deposit Insurance Corp. According to a news release from Home BancShares, the acquisition of Old Southern ...
Posted: Mon, 15 Mar 2010 21:46:00 GMT

Lighthouse owners oppose plan to build restrooms - Greensboro News & Record
... access, a move opposed by the owners of a nearby lighthouse. The Virginian-Pilot of Norfolk ... the nearest restrooms are across the highway and more than a quarter-mile away. But the founder of the group, Outer Banks Conservationists, opposes ...
Posted: Mon, 15 Mar 2010 12:28:00 GMT

Maine home foreclosures increase - Boston Globe
Superintendent Lloyd LaFountain of the Bureau of Financial Institutions said Monday that fourth quarter 2009 data ... Officials say that in general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states ...
Posted: Tue, 16 Mar 2010 14:14:00 GMT

Regulators Shut LibertyPointe Bank; Valley National ... - RTT News
... regulators on Thursday closed New York-based LibertyPointe Bank, bringing the total number of banks that have failed so far in 2010 to 27. The Federal Deposit Insurance Corp ... Valley National Bank (VLY: News ), based in Wayne, New Jersey, has ...
Posted: Fri, 12 Mar 2010 04:17:00 GMT

Haitian man gets long prison term mortgage fraud scheme in Phoenix that cost banks about $9.5M - Washington Examiner
PHOENIX — A Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million. Federal prosecutors say 51-year-old Mario G. Bernadel was convicted last September on 19 counts related to mortgage fraud
Posted: Tue, 16 Mar 2010 14:43:00 GMT

Banks Just Ignored $3 Of Commercial Real Estate Losses ... - The Business Insider
While U.S. banks reported a whopping $59 billion in bad-loan charge-offs in the fourth quarter of 2009, research firm Audit Integrity believes they conveniently ignored another $3 - $4 dollars of further loan losses for every dollar loss they ...
Posted: Tue, 16 Mar 2010 16:09:00 GMT