Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (06/01/2012)
  • WASHINGTON (6/4/12)--The House Financial Services Committee on Thursday passed a bill that would push back the date by which banks needed to be under $15 billion in assets to avoid the new capital requirement under the the Dodd Frank Act. The bill, sponsored by Rep. Michael Grimm (R-N.Y.), specifically benefits New York City's Emigrant Bank, which received a $2.3 billion advance from the Federal Home Loan Bank of New York during the financial crisis (American Banker June 1). The loan temporarily pushed Emigrant's total assets over $15 billion--the threshold at which banks are subject to a provision of the Dodd-Frank Act that prevents them from counting trust preferred securities as part of their Tier 1 capital. The Dodd-Frank Act set the cut-off date for the threshold as Dec. 31, 2009. The bill would push that date back by three months and allow Emigrant to avoid the restrictions …
  • WASHINGTON (6/4/12)--Jamie Dimon, JPMorgan Chase & Co.'s chairman and chief executive officer, will field questions about his company's $2 billion trading loss from the Senate Banking Committee on June 13. The committee had earlier announced Dimon would testify on June 7 (American Banker June 1) …


RSS print
News Now LiveWire
Even 1 step makes a difference in preparing for disasters #creditunions #NewsNow http://t.co/eFUmMJnIwA
6 hours ago
From today's @USATODAY front page, a shout out to #CreditUnions courtesy of @CUNA http://t.co/881vLPeECN
7 hours ago
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
9 hours ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
9 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
9 hours ago