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Washington
Inside Washington (12/05/2011)
  • WASHINGTON (12/6/11)--The Treasury Department is pressuring small- and mid-sized financial institutions to unwind its remaining investments in the Troubled Asset Relief Program (TARP). The agency sent a letter to 380 banks advising that it had hired the investment advisory firm, Houlihan Lokey Capital Inc., to pursue the recovery of the remaining $17 billion in TARP investments (American Banker Dec. 5). The government has largely unwound TARP investments to big banks. Even though banks have another two years before the dividend rate on TARP funds increases dramatically, the letter sent a message that banks must begin thinking about how they will divest themselves of the funds, said V. Gerard Comizio, a partner at Paul, Hastings, Janofsky & Walker LLP. Large financial institutions tend to have great access to capital than smaller banks. The healthiest small banks may be able to buy back shares, while still-troubled institutions may opt for alternatives such as converting preferred shares to common stock, the Banker said …
  • WASHINGTON (12/6/11)--CUNA Strategic Services provider Agility Recovery Solutions and the U.S. Small Business Administration will host a webinar focusing on best practices to help those in leadership positions navigate the road to recovery after disasters at 2 p.m. Dec. 20.  "Management Obligations during Disaster Recovery" will be presented by Bob Boyd, Agility president/CEO. Boyd will share real-world disaster recovery scenarios and engage participants in a discussion on practical strategies to develop the wisdom and skill needed to become a more resilient leader. A question-and-answer session will follow …


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