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  • Tue, Jul 3 2012
  • 3:29 PM » What's the Point of Bank 'Living Wills?': Bove
    Published Tue, Jul 03 2012 3:29 PM by CNBC
    Rochdale Securities' Bove told CNBC he doesn't see the point of the bank 'living wills.'
  • 2:54 PM » US Regulators Release Living Wills for 9 Large Banks
    Published Tue, Jul 03 2012 2:54 PM by CNBC
    US Regulators Release Living Wills for 9 Large Banks<br/>http://www.cnbc.com//id/48061976
  • 2:51 PM » FDIC Announces Availability of Public Sections of Resolution Plans
    Published Tue, Jul 03 2012 2:51 PM by content.govdelivery.com
    Press Release FDIC Announces Availability of Public Sections of Resolution Plans FOR IMMEDIATE RELEASE July 3, 2012 Media Contact: Andrew Gray (202) 898-7192 Email: angray@fdic.gov   The Federal Deposit Insurance Corporation (FDIC) has made available the public sections of the initial resolution plans submitted to the FDIC and Federal Reserve under Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Firms in this group include U.S. bank holding companies with $250 billion or more in total nonbank assets and foreign-based bank holding companies with $250 billion or more in total U.S. nonbank assets. All submissions were received by the deadline of July 2 nd , 2012. The public summaries are available at: www.fdic.gov/regulations/reform/resplans/index.html # # # Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,309 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations. FDIC press releases and other information are available on the Internet at www.fdic.gov , by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html ) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-78-2012 The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe .  
    Click Here to Read the Full Article

    Source: content.govdelivery.com
  • 12:25 PM » Lawrence Yun: Largest Cities In The United States In 1776, And In 2076
    Published Tue, Jul 03 2012 12:25 PM by National Association of Realtors
    At the time of the nation's independence the total population in the U.S. was 2.5 million. Philadelphia was the largest city with 40,000 residents – which would only fill about half the capacity at Lincoln Financial Field where its football team plays home games today. The Quaker-populated city back then was very peaceful and civil, [...]
    Click Here to Read the Full Article

    Source: National Association of Realtors
  • 12:16 PM » TransUnion Study Finds More Than Half of Americans Unhappy With Their Current Debt Situation
    Published Tue, Jul 03 2012 12:16 PM by transunion.mwnewsroom.com
    TransUnion Study Finds More Than Half of Americans Unhappy With Their Current Debt Situation<br/>http://transunion.mwnewsroom.com/manual-releases/TransUnion-Study-Finds-More-Than-Half-of-Americans?feed=abde9b49-8716-4c7b-b7a3-bff44ca35beb
    Click Here to Read the Full Article

    Source: transunion.mwnewsroom.com
  • 12:15 PM » Home Sales Show Bernanke's Low Rates Gaining Traction: Economy - Bloomberg
    Published Tue, Jul 03 2012 12:15 PM by Bloomberg
    Home Sales Show Bernanke's Low Rates Gaining Traction: Economy Bloomberg For Mike and Kathryn Fry, the time was right to take advantage of the Federal Reserve's low interest rates to buy a home.
  • 12:11 PM » Barclays CEO Narrowly Avoided Coup in New York Office
    Published Tue, Jul 03 2012 12:11 PM by CNBC
    "If Diamond had showed up in the company gym, someone would have clocked him," the trader said.
  • 11:32 AM » JPMorgan probed over possible power market manipulation
    Published Tue, Jul 03 2012 11:32 AM by Reuters
    (Reuters) - U.S. energy regulators have subpoenaed JPMorgan Chase & Co twice in the past three months as part of an investigation into whether the bank manipulated power markets in California and the Midwest.
  • 10:32 AM » Statement by the IMF Mission to The United States (Full Text)
    Published Tue, Jul 03 2012 10:32 AM by Bloomberg
    Statement by the IMF Mission to The United States (Text) Bloomberg Following is the text of the mission statement from the International Monetary Fund visit to the United States:
  • 10:31 AM » U.S. must take steps to avoid fiscal cliff: IMF
    Published Tue, Jul 03 2012 10:31 AM by Market Watch
    WASHINGTON (MarketWatch) - U.S. lawmakers must remove uncertainty created by the "fiscal cliff," the International Monetary Fund said in a report released Tuesday. The pace of deficit reduction in the short-term should not sap the economic recovery that is expected to remain modest over the next two years, the IMF said. Growth in the largest global economy is expected to average 2% in 2012 and 2.25% in 2013. Given this outlook, the main policy challenge for U.S. officials is to use the limited remaining ammunition in the near term and restoring fiscal stability over the medium-term. The agency said it was critical that lawmakers remove uncertainty created by the "fiscal cliff" and promptly raise the debt ceiling when needed. The Fed has room for further easing should the outlook deteriorate, the IMF said. Fundamentals suggest the dollar is modestly overvalued, the report
  • 10:28 AM » Economic Confidence Retreats From May's Improved Level
    Published Tue, Jul 03 2012 10:28 AM by www.gallup.com
    The Gallup Economic Confidence Index averaged -22 in June, down from -17 in May and reverting to February's level. Confidence fell more sharply among Americans making at least $60,000 than among those in lower-income households.
    Click Here to Read the Full Article

    Source: www.gallup.com
  • 10:25 AM » NAR Profile of Home Buyers and Sellers: Home Buyers and the Real Estate Agent
    Published Tue, Jul 03 2012 10:25 AM by National Association of Realtors
    Eighty-nine percent of buyers purchased their home through a real estate agent or broker-a share that has steadily increased from 69 percent in 2001. Forty-one percent of buyers found their agent through a referral from a friend or family member and 9 percent used an agent they had used before to buy or sell a [...]
    Click Here to Read the Full Article

    Source: National Association of Realtors
  • 10:24 AM » 1,362 Miles from Wall Street…But Still Not Far Enough to Escape "Strangling" Red Tape of Dodd-Frank
    Published Tue, Jul 03 2012 10:24 AM by House Financial Services
    With this month marking the second anniversary of passage of the Dodd-Frank Act, the Financial Services Committee is focusing attention throughout July on the burdens this law's 2,300 pages and more than 400 new rules layer on American companies, financial markets and consumers. Supporters of Dodd-Frank sold it to the public as "tough Wall Street reform," but in reality its red tape hurts businesses and small town banks far from Wall Street that had nothing to do with the 2008 financial crisis. Small town banks like Gothenburg State Bank in Gothenburg, Nebraska.  This bank is 1,362 miles from Wall Street.  But listen to what its chairman and president, Matthew H. Williams, said in testimony to the Committee about the pressures resulting from the "hundreds of new regulations" of Dodd-Frank: "These pressures are slowly but surely strangling the traditional community banks, and handicapping their ability to meet the credit needs of their communities." Stay tuned throughout July for more information from the Committee on the consequences of Dodd-Frank
    Click Here to Read the Full Article

    Source: House Financial Services
  • 9:13 AM » FHFA Announces Next Steps in REO Pilot Program
    Published Tue, Jul 03 2012 9:13 AM by FHFA
    July 3, 2012: FHFA Announces Next Steps in REO Pilot Program
  • 7:50 AM » Barclays Chief Could Reveal 'Embarrassing' Details
    Published Tue, Jul 03 2012 7:50 AM by CNBC
    Bob Diamond is threatening to reveal potentially embarrassing details about Barclays' dealings with regulators if he comes under fire at a parliamentary hearing on Wednesday over the Libor rate-setting scandal, according to people close to the bank's chief executive.
  • 7:49 AM » U.S. consumers better at debt repayment for now
    Published Tue, Jul 03 2012 7:49 AM by Reuters
    WASHINGTON (Reuters) - U.S. consumers continued to make improvements in paying back their debts during the first quarter of this year but the trend may slow in the coming quarters, the American Bankers Association said on Tuesday.
  • 7:32 AM » Foreclosure Reduction Act: CRL Refutes California Bankers Association's Flawed Claims
    Published Tue, Jul 03 2012 7:32 AM by CRL
    CRL challenges the unsubstantiated claims made by the California Bankers Association about the impact of the Foreclosure Reduction Act. The bill will reduce unnecessary foreclosures and improve the foreclosure process.
  • 7:32 AM » California Legislature Sends Homeowner Bill of Rights to Governor
    Published Tue, Jul 03 2012 7:32 AM by CRL
    Both houses of the California Legislature today approved the Foreclosure Reduction Act, a bill designed to reduce unnecessary foreclosures in the state.
  • 7:32 AM » FDIC, Fed to release ‘living will' info from banks
    Published Tue, Jul 03 2012 7:32 AM by NAFCU
    The FDIC and Federal Reserve Board are expected to release details from large banks' "living wills," or plans for their own wind-down in case of insolvency, as submitted under the Dodd-Frank Act, Reuters reported.
  • 7:30 AM » Barclays CEO Diamond Resigns After Libor Storm
    Published Tue, Jul 03 2012 7:30 AM by CNBC
    Bob Diamond, the embattled chief executive of Barclays, is the latest scalp to be claimed by the growing Libor scandal.
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