Banking News Headlines

Registration Open for Get Smart about Credit 2010

October 21 is Get Smart about Credit Day. Throughout October thousands of bankers will reach out to local groups teaching the responsible use of credit. Without the help of banks, many individuals could be saddled with debt that will take years to pay off. Register your GSAC participation plans at for access to tools, discounts, and free webinar training to use in your financial literacy efforts in this area.
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9-2-2010 New! ABA Urges FASB to Reject Expansion of Fair Value Accounting

ABA strongly urged the Financial Accounting Standards Board to reject its proposal to record all financial assets -- including loans -- and liabilities at fair value on the balance sheet.
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9-2-2010 New! ABA Recommends More Pragmatic Impairment Model

ABA gave a mixed review of the Financial Accounting Standards Board's proposed model for assessing credit impairment for financial instruments, and instead recommended an impairment-model framework that could achieve a broad consensus.
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9-1-2010 New! FDIC to Move Quickly on Resolution Rule

The FDIC will move quickly to issue an interim rule to guide resolutions of systemically important financial companies on the brink of failure, agency Chairman Sheila Bair said yesterday at a roundtable discussion on the Dodd-Frank Act's resolution authority. The FDIC will release a rule "fairly quickly, and then we will use that as the vehicle to solicit more comments," Bair said.
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9-1-2010 New! Industry Earned $21.6 Billion in Second Quarter

Banks and savings institutions earned $21.6 billion in the second quarter, $3.6 billion more than the previous quarter and $26 billion more than the industry's $4.4 billion loss in 2009's second quarter. It marked the highest quarterly profit since the third quarter of 2007.
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8-30-2010 New! Bernanke: Fed Ready to Act to Ensure Recovery

The Federal Reserve will do all that it can to ensure the economic recovery continues, agency Chairman Ben Bernanke said Friday at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyo.
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8-27-2010 Delinquencies, Foreclosure Starts Decrease in Second Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties dropped to 9.85 percent in the second quarter, down from 10.06 percent in the first quarter, according to the Mortgage Bankers Association's National Delinquency Survey released yesterday.
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8-27-2010 Fed Seeks Delay of Documents Disclosure

The Federal Reserve on Wednesday asked the 2nd U.S. Circuit Court of Appeals in New York to delay implementation of its Aug. 20 ruling that requires the Fed to disclose documents revealing details about loans made through the agency's emergency lending programs during the financial crisis.
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8-10-2010 Appalachia Forums

The Federal Reserve Banks of Atlanta, Cleveland and Richmond, in partnership with the Appalachia Regional Commission, invite you to participate in a series of webinars about Financing Opportunities in Rural Communities.
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