American Bankers Association News

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1. 8/30/2012 10:00:00 AM 80 State Groups Urge Congress To Act Now on Expiring FDIC Coverage
   published by PR Web
   The Independent Community Bankers of America announced that 80 state banking and community banking associations reiterated their call for Congress to temporarily extend full Federal Deposit Insurance Corp. coverage of noninterest-bearing transaction accounts before it expires at year-end. In a joint letter to lawmakers, the organizations wrote...
   
2. 8/30/2012 4:00:00 AM Equias Alliance Publishes "The Impact of Basel III on Community Banks" as a Resource for the Banking Industry
   published by PR Web
   Memphis, Tennessee August 30, 2012. Bank trade organizations such as the American Bankers Association and the Independent Community Bankers Association have recently expressed serious concern to Federal agencies overseeing banking about the possible financial impact of the Basel III proposals on community banks. According to Becky Pressgrove, Senior...
   
3. 8/30/2012 1:00:00 AM Big banks in U.S. fire thousands
   published by Waterloo Region Record (Ontario, Canada)
   Due to new employment guidelines, Wells Fargo Home Mortgage has fired a Des Moines worker over a 1963 incident at a laundromat involving a fake dime. Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cut-out of a dime in a washing machine nearly 50 years ago in Carlisle. "Banks are afraid of the FDIC and the...
   
4. 8/30/2012 1:00:00 AM Banks fire thousands due to tighter employee guidelines
   published by Guelph Mercury
   Wells Fargo Home Mortgage has fired a Des Moines worker over a 1963 incident at a laundromat involving a fake dime in the wake of new employment guidelines. Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cut-out of a dime in a washing machine nearly 50 years ago in Carlisle. "Banks are afraid of the FDIC...
   
5. 8/29/2012 2:08:00 PM CSI Celebrates Growth, Product Innovations at Annual Customer Conference
   published by Business Wire
   Computer Services, Inc., a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, hosted nearly 800 attendees from more than 200 customer banks, vendor partners and prospective institutions August 21-23 in Indianapolis at the company’ s annual customer conference.
   
6. 8/29/2012 10:00:00 AM For B2B Companies, Is Content the Key to Unlocking the C-Suite?
   published by GlobeNewswire
   New York, NY, Aug. 29, 2012-- They are the holy grail of B2B marketing: C-suite executives who open the doors, make the decisions and write the checks. We hear it over and over again in research- they want to be told something they don't already know, something they can't get from their own people, "said Howard Breindel, Co-Founder and Partner at DeSantis Breindel."
   
7. 8/29/2012 12:01:00 AM Volcker Rule Liquidity Carveout Stirs Fears of Next 'Whale' Trade
   published by Daily News (White Plains, NY)
   WASHINGTON- Banks are urging U.S. authorities to broaden a little-noticed exemption in the Volcker rule's trading curb that critics say could blind regulators to the next version of the JPMorgan Chase& Co.- style "Whale trade." Concerns about exemptions grew in May when JPMorgan revealed that a botched hedging strategy had "morphed" into a risky bet at a London...
   
8. 8/29/2012 12:01:00 AM Banks show more profits, lending
   published by Boston Globe (MA)
   “The industry continues to recover at a gradual, but steady pace,’’ FDIC acting chairman Martin J. Gruenberg said Tuesday. The FDIC, which insures deposits for banks, reported that the number of“ problem’’ institutions fell from 772 to 732, the lowest figure since the end of 2009.. While the FDIC doesn’ t publicly identify problem institutions, all but a handful of...
   
9. 8/29/2012 12:00:00 AM Banks' Financial Health Improves, F.D.I.C. Says
   published by New York Times
   But revenue growth remained sluggish, said the F.D.I.C.' s acting chairman, Martin Gruenberg, as JPMorgan Chase's multibillion-dollar trading loss weighed on the quarter's results. Mr. Gruenberg called the shift encouraging. A $4.7 billion decline in trading income, led by the huge JPMorgan trading loss in London, partially explained the weakness, he said.
   
10. 8/28/2012 5:30:00 PM New FDIC Data Show Substantial Small Business Deposits Backed by “TAG” Insurance
    published by PR Web
    New banking data released today show that approximately $1.4 trillion in bank deposits are insured by the Federal Deposit Insurance Corp.’ s full coverage of noninterest-bearing transaction accounts, the Independent Community Bankers of America said. “Failing to extend TAG coverage will create yet another‘ fiscal cliff’ for thousands of businesses and...
    
11. 8/28/2012 1:33:00 PM Wells Fargo fires Iowa worker for minor 1963 crime
    published by Associated Press
    DES MOINES, Iowa-- Wells Fargo Home Mortgage has fired a Des Moines worker over a 1963 incident at a Laundromat involving a fake dime in the wake of new employment guidelines. Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cutout of a dime in a washing machine nearly 50 years ago in Carlisle, the Des...
    
12. 8/28/2012 10:00:00 AM FDIC: Bank profits decrease in second quarter
    published by MarketWatch
    Bank profits decreased slightly in the second quarter while loan balances rose for the fourth time in the last five quarters, a federal bank regulator said Tuesday.
    
13. 8/28/2012 12:01:00 AM New FDIC Data Show Substantial Small Business Deposits Backed by 'TAG' Insurance
    published by Targeted News Service
    New banking data released today show that approximately $1.4 trillion in bank deposits are insured by the Federal Deposit Insurance Corp.' s full coverage of noninterest-bearing transaction accounts, the Independent Community Bankers of America said. According to the FDIC's second-quarter banking numbers, approximately $212 billion in deposits at...
    
14. 8/28/2012 12:01:00 AM Wells Fargo fires worker for using fake dime in 1963
    published by Telegraph-Herald (Dubuque, IA)
    DES MOINES- Wells Fargo Home Mortgage has fired a Des Moines worker over a 1963 incident at a Laundromat involving a fake dime in the wake of new employment guidelines. Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cutout of a dime in a washing machine nearly 50 years ago in Carlisle, the Des Moines...
    
15. 8/27/2012 1:34:00 PM Wells Fargo fires Iowa worker for minor 1963 crime
    published by Associated Press
    DES MOINES, Iowa-- Wells Fargo Home Mortgage has fired a Des Moines worker over a 1963 incident at a Laundromat involving a fake dime in the wake of new employment guidelines. Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cutout of a dime in a washing machine nearly 50 years ago in Carlisle, the Des...
    
16. 8/26/2012 11:59:00 PM Merchants could soon be able to charge extra for using credit cards
    published by Post & Courier (Charleston, SC)
    Aug. 26-- If some merchants choose to charge customers a checkout fee to use a credit card, Meg Hentz will find somewhere else to shop. Because of a $6 billion- plus proposed settlement in a major class-action lawsuit involving credit-card companies, banks and retailers over so-called swipe fees, shopkeepers now will be allowed to levy a surcharge on customers who...
    
17. 8/26/2012 12:01:00 AM Kudos
    published by Press-Register (Mobile, AL)
    *Rental manager Shelia May was named Employee of the Month for July at Kaiser Realty Inc., Management. *Stephen Ginger has been promoted to senior vice president and General Counsel at Continental Motors Inc.* Jason Saulters has been promoted to manager at the Mobile office of Horne LLP. *Cobalt Restaurant in Orange Beach was awarded "Best Seafood Restaurant" in...
    
18. 8/24/2012 8:10:00 AM You can bank on it
    published by Tampa Tribune (FL)
    Aug. 24-- DADE CITY-- Hjalma Johnson has many loves. His family and the University of Florida top the list. He's been president of the American Bankers Association and Gator Boosters, Inc., at his alma mater.
    
19. 8/24/2012 12:01:00 AM M&M Bank among top
    published by Press-Register (Mobile, AL)
    M&M Bank among top Bank named one of nation's 200 best community banking institutions Staff Report Merchants& Marine Bank, a locally owned Jackson County bank, has been named among of the nation's 200 best community banking institutions by the American Bankers Association, the organization said. " M&M Bank is one of only three banks operating in either...
    
20. 8/24/2012 12:01:00 AM M&M Bank among top
    published by Huntsville Times (AL)
    Merchants& Marine Bank, a locally owned Jackson County bank, has been named among of the nation's 200 best community banking institutions by the American Bankers Association, the organization said. M&M Bank is one of only three banks operating in either Mississippi or Alabama to earn a spot on the list, and is the only bank operating in both states to be recognized.
    
21. 8/22/2012 4:00:00 AM Charter Trust Co. Promotes Ford to Wealth Advisor.
    published by PR Web
    Ford has been with Charter Trust since 2003.. Charter Trust, headquartered in Concord, New Hampshire, was formed in 1984 as a New Hampshire Trust Company, chartered by the State of New Hampshire Banking Department. With six offices, Charter Trust serves clients throughout the United States and abroad.