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Washington
Inside Washington (04/30/2009)
* WASHINGTON (5/1/09)--As federal regulators prepare to release the results of stress tests conducted at 19 national banks, financial observers wonder if the results could lead to Camel rating disclosures as well (American Banker April 30). Camel ratings assign an institution a score between 1 to 5--with 5 being the weakest. In the past, regulators have argued that releasing Camel ratings would cause a bank panic. Karen Shaw Petrou, managing director, Federal Financial Analytics, said releasing Camel ratings could encourage banks to do better. She likened the rating to a gradepoint average--a standard which students often share with each other. If a bank were downgraded, it might try to raise its rating again. Joseph Mason, financial professor at Louisiana State University, said disclosure on the ratings could help lawmakers direct where public funds should go. It also could improve supervision of institutions, he said ... * WASHINGTON (5/1/09)--The majority of financial institutions that underwent stress test are expected to pass, according to financial observers (American Banker April 30). Institutions that need more capital will convert preferred government shares to common stock, though it is unclear which institutions may need help. Bloomberg News reported Tuesday that Bank of America, Citi, KeyCorp, Regions Financial Corp., and SunTrust Banks Inc. may need more capital ... * WASHINGTON (5/1/09)--Ana Recio Harvey, recent president of the Greater Washington Hispanic Chamber of Commerce, has been named as the head of the Small Business Administration’s (SBA) Office of Women’s Business Ownership, SBA Administrator Karen Mills announced Thursday. Harvey will manage SBA’s efforts to promote the growth of women-oriented businesses through programs that address business training and technical assistance, and provide access to credit and capital, federal contracts and international trade opportunities. Harvey also will direct the SBA’s network of Women’s Business Centers ...


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