Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (07/10/2008)
* WASHINGTON (7/11/08)--Panelists from a recent Securities and Exchange Commission roundtable signaled their support for the Financial Accounting Standards Board fair-value accounting model (American Banker July 10). The first panel comprised representatives from large financial companies, while the second focused on smaller ones. John B. Wojcik, chief financial officer, Bank of the West, who sat on the second panel, spoke favorably of the model but said the market values don’t reflect the cash flow values on some debt flow instruments. The Credit Union National Association has stated that the model could be costly and confusing for credit unions. The World Council of Credit Unions has said that the standard could be detrimental in credit union mergers ... * WASHINGTON (7/11/08)--Federal Reserve Board Chairman Ben Bernanke presented the Semiannual Monetary Report before the Senate Banking Committee Tuesday and will undergo questioning before the House Financial Services Committee Wednesday on the state of the economy (American Banker July 10) ...


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
14 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
15 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
16 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
17 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
17 hours ago