Financial Institutions News

Canadians are not in the habit of thinking of their country as similar to the euro zone group of countries, but Mark Carney, in his speech to the Board of Trade of Metropolitan Montreal on Tuesday, presented Canada's monetary union, with "internal real exchange rates," as a much more successful version of the same phenomenon as the euro zone.

The bank will open a loan production office at 1187 N. Fraser St. in Georgetown in three to four weeks, with plans to expand it into a full-service branch this summer, pending needed approvals from the Federal Deposit Insurance Corp.

Canada 's banking regulator Julie Dickson says that her agency is a dark place, and that gives her comfort as she prepares to enter her final year on the job.

Commissioner Mike Rothman announced Deal will serve as Deputy Commissioner of Financial Institutions.

Investors Continue to Drive Home Price Increase Pro Teck CEO Tom O'Grady discusses the April 2013 Home Value Forecast, featuring the Los Angeles, Atlanta and Warren, Mich.

Financial Institutions, announced a quarterly dividend on Wednesday, May 22nd, AnalystRatingsNetwork.com reports.

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Federal and state regulators have given Central Valley Community Bancorp approval to move forward with its acquisition of Visalia Community Bank.

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.

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and other investments won the 2013 AQR Insight Award, the second year AQR Capital Management has awarded $100,000 for unpublished research.

Fitch Ratings will host its annual Global Banking Conferences in nine cities, beginning Monday 10th June 2013 in Frankfurt.

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.

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.

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.

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 has been recognized by The Findley Reports on Financial Institutions as a "Premier Performance" bank based on 2012 year-end financial results.

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.

Net income for Wisconsin credit unions increased 7.6% in the first quarter from a year ago, the industry's state regulator said Friday.

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.

The settlement favorably ends a longstanding dispute involving credit default insurance written by MBIA and its affiliates covering multiple structured credit products.