ILC Corp.

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ilc corp. - All News and Analysis

• Senate moves forward on ILC legislation

  - 2008-03-01

  The Senate Banking Committee took a step toward solidifying the separation of banking and commerce Feb. 13 when it passed the Industrial Bank Holding Company Act of 2008. "This important legislation will close the ILC loophole that allows non-financial firms to own banks," commented Floyd Stoner, executive vice president at...

  Tags: Banking, ILC Corp., U.S. Senate

• Bankers press Senate panel for ILC restrictions

  - 2007-11-01

  Bankers urged a U.S. Senate panel to maintain the historic separation of banking and commerce by passing legislation that would restrict commercial firms' ownership of industrial loan companies. The Senate Banking, Housing and Urban Affairs Committee heard testimony on Oct. 4 in Washington, D.C., by banking industry representatives and a...

  Tags: bank, Banking, ILC Corp., loophole, U.S. Senate

• BHCA delivers updates on farm bill, ILC legislation

  - 2007-11-01

  The Bank Holding Company Association ecumenically invited experts from competing trade associations to provide inside-the-beltway perspectives on industry issues at its recent fall seminar. John Blanchfield and Ron Ence highlighted the association's Oct. 9 program at the Minneapolis Airport Marriott hotel in Bloomington, Minn. Blanchfield is director of the American...

  Tags: Farm, FINANCE, ILC Corp., Strategy, U.S. Senate

• Industrial banks not a problem, Bennett says

  - 2007-10-05

  WASHINGTON -- Federal Reserve System leaders want Congress to address what they see as problems with industrial loan corporations, while Edward Leary, commissioner of the Utah Department of Financial Institutions, and Sen. Bob Bennett, R-Utah, told a Senate panel Thursday that there is no need to change the nation's banking...

  Tags: bank, Banking, ILC Corp., U.S. Senate

• Senate ILC bill introduced

  - 2007-06-01

  The House Financial Services Committee passed H.R. 698, which prevents commercial firms from acquiring industrial loan companies Days later, three members of the Senate Bank ing Committee introduced companion legislation in the Senate. Sens. Sherrod Brown (D-Obio), Wayne Allard (R Colo.) and Tim Johnson (D-S.D.) introduced the Industrial Bank I...

  Tags: Banking, ILC Corp., U.S. Senate

• The U.S. House of Representatives, by a 371-16 vote, has approved a bill that bars nonfinancial companies from operating a bank

  - 2007-05-28

  The U.S. House of Representatives, by a 371-16 vote, has approved a bill that bars nonfinancial companies from operating a bank. The measure would block commercial companies like Wal-Mart Stores Inc. and Home Depot from getting industrial bank charters. Under the bill, a company must generate at least 85 percent...

  Tags: bank, ILC Corp., U.S. House of Representatives

• Island hospitality

  - 2007-04-01

  Community bankers address industry issues with the spirit of Aloha! Aloha is the Hawaiian salutation suitable for greetings and partings. Bankers gathered for the annual convention of the Independent Community Bankers of America on Oahu March 4-7 exercised both of the word's meanings as they welcomed efforts to...

  Tags: bank, banker, FDIC, ILC Corp., U.S. Congress

• window is open, The

  - 2007-03-01

  The banking industry caught a real break when the FDIC decided to extend its moratorium on industrial loan company applications for another year. One thing that has become clear since the FDIC held hearings last spring on the application filed by Wal-Mart is that this is a political question much...

  Tags: Banking, FDIC, ILC Corp., U.S. Congress, Wal-Mart Stores Inc., window

• Congress will carry the ball

  - 2007-03-01

  Hopefully it won't fumble on the ILC charter issue"The growth in commercial ownership of ILCs raises public policy concerns." - FDIC Chairman BairIt's all up to Congress now, as the FDIC board at its Jan. 31 meeting extended the moratorium on ownership of industrial loan corporations by non-financial commercial firms...

  Tags: Banking, FDIC, FINANCE, ILC Corp., Strategy, U.S. Congress

• PII, ILC, BSMD, WHIT, BLRV, HLEG Have Been Removed From Naked Short List Today.

  - 2007-02-23

  M2 PRESSWIRE-23 February 2007-BUYINS.NET: PII, ILC, BSMD, WHIT, BLRV, HLEG Have Been Removed From Naked Short List TodayC1994-2007 M2 COMMUNICATIONS LTD RDATE:23022007 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short...

  Tags: AMEX, FINANCE, ILC Corp., iLinc Communications Inc., Investment, Nasdaq Stock Market Inc., NYSE Euronext, stock, training