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President Obama Meets With Community Bankers, Discuss Small Business Lending
3 hours ago ago from Finance News Blog
Eight members of the Independent Community Bankers of America (ICBA) met with President Obama on Tuesday to discuss concerns over banking regulations that slow the increase in small business lending that the White House so desires. The meeting comes just weeks after Obama met with chief executives of the nation’s largest banks to discuss how they may also boost small business lending, which fell by 4 percent or $11 billion over the past ...
Related contentCommunity bankers meet with President Obama
23 hours ago ago from NorthWesternFinancialReview.com Blog
Eleven community bankers and one credit union official met with President Obama at the White House today. The delegation included four Midwestern bank leaders and one CEO with strong ties to Minnesota: James McPhee, chairman-elect of ICBA and CEO of Kalamazoo County State Bank in Schoolcraft, Mich. Mark Schroeder, President, German American Bancorp, Jasper, Ind. Deloris Sims, chairman and CEO, Legacy Bank, Milwaukee Matthew Gambs, CEO, ...
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22 hours ago ago from THE WASHINGTON REVIEW & COMMENTARY: Weekly News From The White House
President Obama Meets With Community Bankers At The White House, l. Sceretary of the Treasury Timothy Gheitner, r. Senior Adviser Valerie Jarrett REMARKS BY THE PRESIDENT AFTER MEETING WITH SMALL AND COMMUNITY BANKS CEOS Roosevelt Room 11:52 A.M. EST THE PRESIDENT: All right, everybody. Well, it's good to see all of you. I just concluded a meeting with 12 regional community banks to have the same ...
Related contentWeak Security at America's Weakest Bank [Banks]
21 hours ago ago from Cityfile.com - Dailyfile
Computer hackers can be so cruel. Not only did a Russian cyber gang decide to mount an attack on one of America's banks, they picked the nation's most feeble financial institution, too. According to the Journal , hackers likely used a $40 software program to gain access to Citibank accounts and make off with tens of millions of dollars, although in typical Citi fashion, for now the bank is pretending the computer attack never happened. [ WSJ ]
Related contentChina Central Bank May Strengthen Financial System Oversight
19 hours ago ago from Business News
By Bloomberg News Dec. 23 (Bloomberg) -- China's central bank plans to study how to strengthen oversight of risks across the financial system, an effort that echoes measures under way in the U.S. and Europe in the aftermath of the crisis. The People's Bank of China will study establishing a macroprudential management system, the bank said in a quarterly monetary statement in Beijing today. The aim would be to prevent risks and ...
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Community Bankers Meet With Obama
22 hours ago ago from Wall Street Journal
WASHINGTON Community bankers got their first exclusive meeting Tuesday with President Barack Obama amid an intensifying fight within the industry over legislation that would tighten federal financial regulation. Mr. Obama used the White House parley with executives from smaller banks to reiterate his push for bankers to do more lending to small businesses. "The pendulum may have swung too far in the direction of not lending," Mr. Obama ...
Related contentSmall banks, big problems
22 hours ago ago from CNN Money
Small banks, big problems By Colin Barr, senior writer December 22, 2009: 3:13 PM ET NEW YORK (Fortune) -- The New Year is shaping up to be a rough one for community lenders. Dozens if not hundreds of small banks figure to disappear in the New Year, as a weak economy and regulatory pressure lead to more failures and mergers. Despite this reality, President Obama met Tuesday with eight community bank ...
Related contentObama Tries to Rally Smaller Lenders
19 hours ago ago from The New York Times
WASHINGTON (Reuters) President Obama met with bankers from smaller community banks on Tuesday to urge them to increase lending to small businesses and vowed to help the process by cutting regulatory red tape. The pendulum might have swung too far in the direction of not lending, Mr. Obama told reporters after meeting with 12 bankers from across the country. If we can get that balance right, there are businesses and communities out there ...
Related contentObama Urges Small Banks to Lend, Eyes Red Tape - FOXBusiness.com
21 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Government Tuesday, December 22, 2009 Obama Urges Small Banks to Lend, Eyes Red Tape  Reuters  WASHINGTON--President Barack Obama urged the ...
Related contentGeithner: There will be no 'second wave' crisis
18 hours ago ago from U.S. News
Geithner: There will be no 'second wave' crisis WASHINGTON (AP) -- Treasury Secretary Timothy Geithner said Tuesday the Obama administration is confident it will prevent a repeat of last year's financial crisis, the worst to hit the country in seven decades. "We are not going to have a second wave of financial crisis," Geithner said in an interview with National Public Radio. "We cannot afford to let the country live again with a risk that ...
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