Month: February 2014

Banking News – Two Mid-Atlantic Banks Fail, Bringing Yearly Total to Five
&nbspThe Office of the Comptroller of the Currency shuttered the $130 million-asset Millenium Bank in right, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.
Union Banking – http://www.americanbanker.com/issues/179_41/two-mid-atlantic-banks-fail-bringing-yearly-total-to-five-1065974-1.html

Banking News – SEC probes Goldman and Citi bond deals
&nbspClaims of favouritism in allocation of sought-after securities after large investors such as Pimco and BlackRock were given outsized parts
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/977f4dc2-a0b7-11e3-8557-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – FCA tightens rules for payday lenders
&nbspFrom 1 April, around 50,000 firms will be vital to meet new equipment which include a ban on ambiguous adverts and provision of debt advice
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/8f12c32a-a063-11e3-8557-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Regulators under difficulty over AO listing
&nbspRegulators are being pressed to improve pre-flotation leak of in rank to investors, later the listing of the online seller
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/f357dcda-a09f-11e3-a72c-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – UK day-trading practices under analysis
&nbspThe FCA is looking at 40 banks, brokers and asset managers to see if they are applying the best execution rules by the book in a thematic review
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/455106a0-9fe3-11e3-9c65-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – UK day-trading practices under analysis
&nbspThe FCA is looking at 40 banks, brokers and asset managers to see if they are applying the best execution rules by the book in a thematic review
FT.com – Banks – http://www.ft.com/cms/s/0/455106a0-9fe3-11e3-9c65-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Horizon Bancorp Receives Praise to Buy SCB Bancorp
&nbspThe Office of the Comptroller of the Currency has ordinary Horizon Bancorp’s (HBNC) request to buy SCB Bancorp of East Lasting, Mich., and its subsidiary, Summit Union Bank.
Union Banking – http://www.americanbanker.com/issues/179_41/horizon-bancorp-receives-praise-to-buy-scb-bancorp-1065970-1.html

Banking News – How to Avoid an M&A Exodus: Pay Employees to Stay
&nbspBryn Mawr Bank in Pennsylvania starts every acquisition conversation the same way: the top talent agrees to stay or Bryn Mawr is not attracted in pursuing a deal. It’s a lesson for anyone taking into account buying or selling a bank.
Union Banking – http://www.americanbanker.com/issues/179_41/how-to-avoid-an-m-and-a-exodus-pay-employees-to-stay-1065968-1.html

Banking News – Fee Rate Advisory #4 for Fiscal Year 2014
&nbsp

Pursuant to Section 31(j)(2) of the Securities Chat Act of 1934, the Fee has single-minded that a mid-year adjustment to the Section 31 fee rate for fiscal year 2014 is not vital.

The Section 31 fee rate for fiscal 2014 will remain at the current rate of $17.40 per million through March 17, 2014, and as earlier announced, the rate will change to $22.10 per million early March 18, 2014.  This rate will remain in place until September 30, 2014 or 60 days after the endorsement of a regular FY 2015 stealing, whichever is later.  The Section 31 assessment on round turn transactions in wellbeing futures also will remain at $0.0042 per transaction.

The Fee will issue further notices as apt to keep the public well-informed of developments concerning to fees under Section 31.  These notices will be posted at the Fee’s Internet Website at http://www.sec.gov.

SEC.gov Updates: Press Releases – http://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370540866923

Banking News – Fee Rate Advisory #4 for Fiscal Year 2014
&nbsp

Pursuant to Section 31(j)(2) of the Securities Chat Act of 1934, the Fee has single-minded that a mid-year adjustment to the Section 31 fee rate for fiscal year 2014 is not vital.

The Section 31 fee rate for fiscal 2014 will remain at the current rate of $17.40 per million through March 17, 2014, and as earlier announced, the rate will change to $22.10 per million early March 18, 2014.  This rate will remain in place until September 30, 2014 or 60 days after the endorsement of a regular FY 2015 stealing, whichever is later.  The Section 31 assessment on round turn transactions in wellbeing futures also will remain at $0.0042 per transaction.

The Fee will issue further notices as apt to keep the public well-informed of developments concerning to fees under Section 31.  These notices will be posted at the Fee’s Internet Website at http://www.sec.gov.

SEC.gov Updates: Press Releases – http://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370540866923

Banking News – Fee Rate Advisory #4 for Fiscal Year 2014
&nbsp

Pursuant to Section 31(j)(2) of the Securities Chat Act of 1934, the Fee has single-minded that a mid-year adjustment to the Section 31 fee rate for fiscal year 2014 is not vital.

The Section 31 fee rate for fiscal 2014 will remain at the current rate of $17.40 per million through March 17, 2014, and as earlier announced, the rate will change to $22.10 per million early March 18, 2014.  This rate will remain in place until September 30, 2014 or 60 days after the endorsement of a regular FY 2015 stealing, whichever is later.  The Section 31 assessment on round turn transactions in wellbeing futures also will remain at $0.0042 per transaction.

The Fee will issue further notices as apt to keep the public well-informed of developments concerning to fees under Section 31.  These notices will be posted at the Fee’s Internet Website at http://www.sec.gov.

SEC.gov Updates: Press Releases – http://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370540866923

Banking News – Small Banks Should Thought-out Hiking Fees, Says New ICBA Chair
&nbspUpstate New York banker John Buhrmaster will spend the much of the next year fighting for union banks as they struggle to keep pace with mounting set of laws. But he also intends to remind his counterparts that it’s crucial for them to find new income streams.
Union Banking – http://www.americanbanker.com/issues/179_41/small-banks-should-thought-out-hiking-fees-says-new-icba-chair-1065967-1.html

Banking News – PNC, Fifth Third Add to U.S. Banks’ Growth in Canada
&nbspU.S. regional banks see favorable growth prospects in Canada. Its limited number of banks seems to invite struggle, and its dictatorial and fiscal climates are thorough more favorable than those in the U.S.
Union Banking – http://www.americanbanker.com/issues/179_41/pnc-fifth-third-add-to-us-banks-growth-in-canada-1065966-1.html

Banking News – Britannia directors hit back at valve
&nbspIn a letter to the Reserves select group, ex-board members challenge claims that Britannia’s losses were a major cause of the Co-op Bank’s woes
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/9495d158-a099-11e3-8557-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Britannia directors hit back at valve
&nbspIn a letter to the Reserves select group, ex-board members challenge claims that Britannia’s losses were a major cause of the Co-op Bank’s woes
FT.com – Banks – http://www.ft.com/cms/s/0/9495d158-a099-11e3-8557-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Citigroup: Banamex bother
&nbspThe Oceanografia loans are a tiny part of Citi’s loan book, but the fiscal crisis has made all alert to prove huge banks are too huge to manage
FT.com – Banks – http://www.ft.com/cms/s/3/ef325ff0-a08f-11e3-a72c-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Citi return hit by Mexican fraud
&nbspFull-year net income cut from $13.9bn to $13.7bn later the fraud, which centred on loans by Banamex to Oceanografia, an oil air force company
FT.com – Banks – http://www.ft.com/cms/s/0/d77db5ea-a084-11e3-a72c-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Soros and Paulson bet on Spain material goods
&nbspHedge fund managers both take major stakes in the float of Hispania Activos Inmobiliarios which aims to list on the Madrid Stock Chat
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/b27ca91e-9fa7-11e3-b6c7-00144feab7de.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct