4 hrs ago
Financial Institutions, Declares Quarterly Dividend of $0.18
Financial Institutions, announced a quarterly dividend on Wednesday, May 22nd, AnalystRatingsNetwork.com reports.
7 hrs ago
Mortgage News Daily
House Rejects CFPB Testimony on Qualified Mortgage Rule
Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers ... (more)
19 hrs ago
The Fresno Bee
Business: Feds, state green-light Valley bank merger
Federal and state regulators have given Central Valley Community Bancorp approval to move forward with its acquisition of Visalia Community Bank.
Tue May 21, 2013
The Globe and Mail
It may be the 'devil's metal' but what the devil is going on with silver?
OSFI watching mortgages Canada's banking watchdog says the transition to higher interest rates - when it comes - could be "very painful." Like those in most developed countries, interest rates have been at emergency lows for years.
Mon May 20, 2013
Pensions & Investments
Berkeley professor, students win AQR Insight Award
A research paper on predicting market returns for currency and other investments won the 2013 AQR Insight Award, the second year AQR Capital Management has awarded $100,000 for unpublished research.
RPT-Fitch Ratings to Host Global Banking Conferences in Nine Cities in June 2013
Fitch Ratings will host its annual Global Banking Conferences in nine cities, beginning Monday 10th June 2013 in Frankfurt.
Fri May 17, 2013
Fitch: Canada Moving Ahead on Bank Contingent Capital Plan
CHICAGO, May 17 Canadian bank regulators have moved ahead of their global counterparts in specifying the terms under which certain types of contingent capital could be converted to common equity in a bank stress scenario.
Wed May 15, 2013
Five Star parent fills corporate secretary post
Rizzo's tenure as corporate secretary began in early 2010. In addition to leaving that post, he will retire as general counsel on May 31, the filing shows.
Tue May 14, 2013
Globe and Mail
Would shorter amortizations make the housing market safer?
The latest idea being floated by The Office of the Superintendent of Financial Institutions is to limit amortizations to 25 years for homeowners who have put down 20 per cent of the purchase price or more.
Mon May 13, 2013
OSFI looking at whether low risk, uninsured mortgages also need tightening
Canada Mortgage Trends says it has been notified that the national banking regulator is looking at a possible further tightening of mortgage rules _ this time for those with low risk mortgages that don't require government-backed insurance.
The Bank of Santa Barbara Honored for 'Premier Performance'
The Bank of Santa Barbara has been recognized by The Findley Reports on Financial Institutions as a "Premier Performance" bank based on 2012 year-end financial results.
Sun May 12, 2013
The Globe and Mail
OSFI probes longer-term uninsured mortgages, could act
The Office of the Superintendent of Financial Institutions is seeking to get a handle on how much risk uninsured mortgages, those where the borrower does have a down payment of at least 20 per cent, pose to Canada's banks.
Fri May 10, 2013
Wisconsin credit unions post 7.6% gain in 1Q profits
Net income for Wisconsin credit unions increased 7.6% in the first quarter from a year ago, the industry's state regulator said Friday.
Mortgage rates reported below EU average
The Central Bank today released figures for March 2013 showing the rates of interest paid by households and businesses for loans and received for placing deposits with Financial Institutions.
Wed May 08, 2013
Societe Generale Settles Litigations Against MBIA
The settlement favorably ends a longstanding dispute involving credit default insurance written by MBIA and its affiliates covering multiple structured credit products.
SBI California ordered to clean up US operations
By Arun Kumar, Washington, May 8 : The California-based subsidiary of State Bank of India has agreed to take a series of steps to improve its banking practices related to bad loans following a review by US regulators.
Tue May 07, 2013
Becker to House Financial Services: All CUs need regulatory relief
May 8, 2013 - NAFCU President and CEO Fred Becker wrote the leaders of the House Financial Services Committee yesterday to praise the panel's efforts on regulatory relief and to re-emphasize that all credit unions need regulatory relief as the panel moves forward on this issue.
Changes coming fast atop shrinking CMHC
Canada Mortgage and Housing Corp., the country's national housing agency, is finally on the path to being operated like a significant financial player which it has morphed into during the past decade.
Three More Agencies Adopt the Uniform State Test
Three more state agencies have announced that they will be adopting the new national MLO test with the Uniform State Content.
Mon May 06, 2013
CFPB Announces Organization, Senior Personnel Changes
On April 22, the CFPB announced the creation of the Office of Financial Institutions and Business Liaison, which will interface with bank and nonbank trade associations, financial institutions, and other businesses.