Items Tagged with 'Certificate of Deposit Account Registry Service'

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  • Assessing Risk, a Few Years Too Late

    The Office of the Comptroller of the Currency this week announced an upcoming round of workshops for community bank directors in Charlottesville, Va. The workshops aim to "expand directors' skills and understanding of issues facing their banks" and cover topics like risk assessment and credit risk, according to a media statement.
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  • FDIC Proposes New Interest Rate Restrictions

    The Federal Deposit Insurance Corp. on Tuesday proposed new restrictions on deposit interest rates paid by less-than-adequately capitalized lenders. The current regulation allows "less than well-capitalized" banks to pay interest on nationally solicited deposits at a similar rate paid on a comparable maturity Treasury yield. The regulation was put in place to keep these banks -- about 154 of 8,300 FDIC-insured banks nationwide -- from paying too much on brokered deposits.
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  • ABA: Money Market Bailout Could Compromise Bank Deposits

    Citing "deep concerns" about the Treasury's program to guarantee money market mutual funds, American Bankers Association president Edward Yingling said that the bailout of money markets "will undermine the role of banks during this current crisis and has the potential to have an extremely negative impact in the future."
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  • Bair: Credit Mess "Far From Over"

    Saying that the current credit crunch is nowhere near done, Federal Deposit Insurance Corp. chairman Sheila Bair urged banks to raise loss reserves and raise capital. In remarks delivered Friday at a Florida Bankers Association event in Sarasota, Bair said banking results for the second quarter were "dismal," and like to get worse going forward before they get better.
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