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GOVERNOR BIES DELIVERS REMARKS AT THE AMERICAN BANKERS ASSOCIATION ANNUAL CONVENTION, PHOENIX, ARIZONA, AS RELEASED BY THE FEDERAL RESERVE...
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Bankers got an earful last month from the federal agencies' top guns at the American Bankers Association's Banking Leaders Forum and Annual Convention in Phoenix, Arizona. Comptroller of the Currency John C. Dugan sounded off about credit risk, noting that loan standards have eased for three consecutive years. Dugan said he was mindful of the need to avoid painting a darker picture than is warranted or ringing a warning bell that does not yet need to be rung; on the other hand, no one can afford to overlook or minimize symptoms that historically have been reliable predictors of future problems if not addressed. FDIC Chairman Sheila C. Bair reported some of the feedback received regarding her agency's proposed new premiums called for in the Federal Deposit Insurance Reform Act. The FDIC ...
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To: NATIONAL EDITORS
Contact: Andrea Frye, +1-773-559-8078; or Marcus Mrowka of SEIU, +1-202-531-0689
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To: NATIONAL EDITORS
Contact: Marcus Mrowka of SEIU, +1-202-531-0689, Ray Quintanilla of SEIU Illinois, +1-312-505-7862, or Andrea Frye of National People's Action, +1-773-559-8078
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DES MOINES, Iowa -- Barrie G. Christman, chair of Principal Bank([R]), will be a featured speaker at the American Bankers Association Annual Conventio...
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CHAIRMAN GREENSPAN'S REMARKS AS PREPARED FOR DELIVERY TO THE AMERICAN BANKERS ASSOCIATION'S ANNUAL CONVENTION ON MORTGAGE BANKING, AS RELE...
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Despite a weak dollar, slower consumer spending and the falling housing market, bankers at the American Bankers Association convention Oct. 7-10 in San Diego got an up-beat assessment of the U.S. economy. There's no monster in the closet, explained John Silvia, managing director and chief economist for Wachovia Corp. We're not even close to a recession. You're going to see adjustments. But you have economic growth for 2008. Instead, bankers were warned that any gloom over the financial services industry might be cast out of Washington, D.C., by lawmakers and regulators reacting to rising foreclosures caused by the subprime mortgage fallout. It's a very dangerous period in Washington for our industry, said ABA President and CEO Ed Yingling. We end up with a need for regulation and it...
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CHAIRMAN BERNANKE DELIVERS REMARKS VIA SATELLITE BEFORE THE ANNUAL CONVENTION OF THE AMERICAN BANKERS ASSOCIATION, PHOENIX, ARIZONA, AND T...
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Speculative buying may be driving housing prices and creating a risk for the U.S. economy because so many Americans rely on home appreciation to support their spending, Federal Reserve Chairman Alan Greenspan said Monday.
The so-called froth in housing markets may now be spilling over into mortgage markets, Greenspan said in a speech to the American Bankers Association annual convention in Palm Desert, Calif.
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COMPTROLLER DUGAN DELIVERS REMARKS AT THE ANNUAL CONVENTION OF THE AMERICAN BANKERS ASSOCIATION, SAN DIEGO, CALIFORNIA, AS RELEASED BY THE...