In 1933, in the wake of the 1929 stock market crash, during a nationwide commercial bank failure and the Great Depression, two members of Congress put their names on what is known today as the Glass-Steagall Act GSA. This act separated investment and commercial banking activities. This article shows that...
The client is a Midwestern U.S. commercial banking subsidiary with $30 billion in assets, which faced a number of obstacles in gathering and organizing the information needed to meet the requirements of more granular and objective data for determining the capital required to meet credit and operational risks. Basel II...
From the executive summary: ‘The banking industry has experienced a series of significant transformations in the last few decades. Among the most important of them is the change in the type of organizations that dominate the landscape. Since the eighties, banks have increased the scope and scale of their activities...
The paper analyses the effects of three sets of accounting rules for financial instruments - Old IAS before IAS 39 became effective, Current IAS or US GAAP, and the Full Fair Value FFV model proposed by the Joint Working Group JWG - on the financial statements of banks. It develops...
"The syndicated loan market, a hybrid of the commercial banking and investment banking worlds, is globally one of the largest and most flexible sources of capital. Syndicated loans have become an important corporate financing technique, particularly for large firms and increasingly for midsized firms.Here the author describes...
Derivatives activity at commercial banks, as measured by total notional values of over $56 trillion as of December 31, 2002, continues to grow dramatically. Derivatives serve an essential role in the U.S. and world economies but also present certain risks to the deposit insurance funds. This article explains what these...
Technological innovation in general and information technology IT applications in particular, have had a major effect in banking and finance. This research reviews the effects on banking organizations with reference to front office or external changes as described by the nature of product and service offerings. The research also considers...
Recent decades have seen a number of commercial bank mergers in the US. However, it has reflected in no reduction as far as retail banking competition is concerned. Although the largest commercial banks have a much more prominent national position today than 20 years ago, these banks’ shares of local...
Orezone Resources Inc. (TSX: OZN)(AMEX: OZN) is pleased to announce that Bayerische Hypo- und Vereinsbank AG, a member of UniCredit Group, ("HVB") and The Standard Bank of South Africa Ltd ("Standard Bank") have completed their technical due diligence and are proceeding to their respective credit committees for approval on providing...
Terry Croll was named commercial relationship manager for the Tulsa market with First Fidelity Bank. Croll is responsible for acquisition, retention and expansion of commercial business clients...
Alan Roth Team Added to Bank's Midtown Manhattan Private Client Banking Office NEW YORK -- Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that Alan Roth has joined the Bank as a private client banking Group Director and Senior Vice President. Roth brings with...
Terrane Metals Corp. ("Terrane") (TSX VENTURE: TRX) is pleased to announce that it has signed the following definitive agreements (the "Definitive Agreements") in furtherance of its previously disclosed letter agreement (the "Letter Agreement") dated May 22, 2008, in respect of a credit agreement (the "Credit Agreement") and an option agreement...
Also Announces Sale of PW Stephens Subsidiary and Increased Investment by Chairman and Large Independent Shareholder DALLAS -- Home Solutions of America, Inc. (Pink Sheets:HSOA), a commercial, institutional and infrastructure construction company serving the private and public sectors, announced today that on July 3, 2008, ahead of the...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/bb980b/wells_fargo_comp) has announced the addition of the "Wells Fargo & Company - IT Sales Opportunities - 2008" company profile to their offering. Wells Fargo & Company is a financial and bank holding company. It is a diversified financial services company and provides...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/2b0ab4/industrial_and_com) has announced the addition of the "Industrial and Commercial Bank of China ICBC - IT Sales Opportunities - 2008" company profile to their offering. Industrial and Commercial Bank of China Limited ICBC is a commercial bank. ICBC offers a range of...
NEW YORK -- Fitch Ratings has affirmed the 'AA-/F1+' long- and short-term Issuer Default Ratings IDRs of Morgan Stanley and its subsidiaries, along with all outstanding debt ratings. The rating affirmations follow a review of the investment banking industry. The Rating Outlook remains Negative. A complete list of ratings is...
Bank Targets Late Summer/Early Fall Opening and Sets Sights on Record Capital Raise NEW YORK -- The organizers of the Heritage Bank, N.A. announced today a public stock offering to fund the formation of a new commercial bank in the New York metropolitan area has commenced with the...
Midwest bank selects DCI and iCore for personalized growth and increased capabilities HUTCHINSON, Kan. -- DCI, a provider of full-service bank technology and processing solutions to the financial industry, announced Ellis, Kan.-based Golden Belt Bank ($125 million in assets) has selected DCI's iCore[R] integrated bank management and processing...
PHILADELPHIA, July 8 /PRNewswire-FirstCall/ -- Beneficial Mutual Bancorp, Inc. today announced that the Company has authorized the funding of a trust that will purchase up to 1,612,386, or approximately 1.96% of the Company's outstanding common stock. The shares acquired by the trust will be used to fund...
CHICAGO -- Wells Fargo Insurance Services, Inc. - America's largest bank-owned insurance brokerage and a subsidiary of Wells Fargo & Company (NYSE:WFC) - said today that it has acquired Carmel, Indiana-based American Med-Scan, Inc. The acquisition adds to Wells Fargo's diversified Indiana presence: 38 banking stores, 10 mortgage stores, 15...
