Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

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 …


RSS





print
News Now LiveWire
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
1 hour ago
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
11 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
11 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
14 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
17 hours ago