There is a wedding in your family and you and all your family members want to celebrate it in a grand manner. Do you want to take your family to the exotic foreign trip you have been planning for years and are yet to make it come true? The answer to one or many can be true and you may ask about the way out. Your monthly income goes into paying bills, buying grocery, paying school fees for the children, daily transportation cost, medicines for aged parents and saving little for the contingency. Well to cater to all your short term fund requirement and help you fulfill your commitments there are personal loans which you can take without any security and from a very small amount to a fairly large amount. However, before resorting to any kind of personal loan make a clear balancing of your finances. For it is not uncommon to find persons taking personal loan to repay earlier borrowed personal loans. [Read more...]
Use personal loan judiciously to secure happiness but avoid debt trap
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If you need money for your small business, get a lump sum of cash today with a quick and easy process that helps you grow with what you already have. Let CBACFunding.com worry about your invoices, saving you the hassle and the stress that come with waiting, month after month, for your accounts receivable to get paid. Get your funding within hours with the business friendly, easy to use resources online. [Read more...]
Community bankers group releases 12-page reference guide on Wall Street reform act
On January 25, the Independent Community Bankers Association made public a reference guide for community bankers on the various titles and provisions of the Restoring American Financial Stability Act of 2010, more widely known as the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“Now more than ever community banks need a no-spin reference guide to what’s in Dodd-Frank and what actually affects them and their business,” Camden R. Fine, ICBA president and CEO, said in a statement. “ICBA is pleased to offer this easy-to-understand, educational document to community banks. This will help them clearly see what titles and provisions apply to community banks and, just as important, what titles and provisions do not apply, such as the many systemic risk provisions. By clearly seeing what affects them, community banks will be able to move forward and continue to grow their business and serve the needs of their customers and communities.” [Read more...]
Vining Sparks IBG invites bankers to participate in Q1 survey
Vining Sparks IBG, LP, a leading broker/dealer based in Tennessee, is requesting bankers participate in an online survey to gather data from the first quarter of 2012 to better understand the current strength and soundness of banking institutions nationwide.
According to Craig Dismuke, chief economic strategist with Vining Sparks IBG, “The survey contains ten questions and, using the cumulative results, allows us to report on the trends and health of the banking industry. We typically have responses from over 500 banks; however, the larger the sample size the more useful the survey is.” Survey participants who provide e-mail addresses will receive the official results before they are released to the media. [Read more...]
Bankers association renews contract with Crowe Horwath LLP
The American Bankers Association, which is considered the voice for the $13 trillion banking industry in the United States, renewed its contract with Crowe Horwath LLP for governance, risk and compliance management services as of January 30.
The Corporation for American Banking, an ABA subsidiary, awards the association’s endorsement for products and services that benefit banking institutions in their efforts to streamline operations and improve customer service. The corporation first awarded Crowe Horwath the contract for services to ABA in 2008. [Read more...]
U.S. job cuts already surpass 2010 year-end total
The 11-month total is 13 percent higher than job cuts over same period last year
Although this month’s job cuts were down 0.7 percent from October, the 11-month total for 2011 is 564,297 – officially passing the 2010 year-end total of 529,973, according to the Challenger, Gray & Christmas November 2011 Job Cut Report.
The report, released November 30, addressed the month’s job cuts dominating sectors – government and financial services. Forty-four percent of all jobs cut in the month were in the public sector, resulting in 18,508 jobs eliminated. According to the report, this is the eighth time government job cuts led all others in monthly downsizing.
John Challenger, CEO of Challenger, Gray & Christmas, said in a statement that the pressure in the federal government to cut military spending will “likely result in further personnel reductions.”
“Over the past six months, we definitely have seen a shift away from the heavy government job cuts at the state and local level toward increased job cuts at the federal level,” Challenger said. “The worst may be yet to come, as cutbacks spread from the military to every other agency in Washington. They will all be targets for cost cutting. The United States Post Office alone could see workforce reductions affecting 200,000 employees.” [Read more...]
Rep. Frank, co-author of 2010 financial reform act, announces retirement
U.S. Representative Barney Frank, co-author of the Dodd-Frank Reform Act of 2010, announced his retirement after more than three decades of service. The Massachusetts Democrat, a ranking member of the House Financial Services Committee, will not seek re-election in 2012.
Former Representative Barney Frank
This leaves Congress without either of the authors of the landmark financial reform legislation. Democratic Senator Christopher Dodd of Connecticut announced last year that he will not seek another term in 2012.
“Rep. Frank has always been a formidable but fair legislator who understands financial markets and the indispensable role banks play in the broader economy,” Frank Keating, president and CEO of the American Bankers Association, said in a statement regarding Frank’s retirement. “His depth of knowledge and willingness to be open to opposing viewpoints will be greatly missed.”
David A. Harris, president and CEO of the National Jewish Democratic Council, said in a statement that he was “saddened by the news” of Frank’s retirement. [Read more...]
Top L.A. County bank set to present at Goldman Sachs conference
City National Corporation, which owns City National Bank (CNB), announced today that the company’s top executives are scheduled to make a presentation at the Goldman Sachs U.S. Financial Services Conference in New York on December 6.
Giving the presentation will be City National Corp.’s Chief Executive Officer Russell Goldsmith and Chief Financial Officer Christopher J. Carey. The presentation begins at 10:50 a.m. Eastern. A live Webcast of thepresentation will be available for listening at http://cc.talkpoint.com/gold006/120611a_lr/?entity=24_BPGTHFY and will be available for replay within 24 hours after the presentation at www.cnb.com.
Comptroller Warns Of Damaging Bank Site
In a rebroadcast of a warning from the Office of the Comptroller of the Currency (OCC), the California Department of Financial Institutions warned that the website, helpwithmybank.com, is an illegitimate site that contains malware.
Making the switch to community banking
One part of taking control of personal finances is choosing a bank for checking, savings, credit cards, loans and other financial instruments. In a national effort to support community banking institutions, the Independent Community Bankers of America released a statement encouraging consumers to use their power of choice this Halloween.
According to ICBA, more consumers are done with the financial tricks of big banks, yet they may still be scared to make the switch to a community bank. In reality, community banks can be “safe havens from scary bank practices.”
“By going local with your community bank, you can rest assured that your banking needs will be taken care of and that your money will be put to work where it belongs—in your community in the form of loans to local residents and small business owners. It’s a hometown investment you can be proud of—not scared of,” according to Sal Marranca, ICBA chairman and president and CEO of Cattaraugus County Bank in Little Valley, NY. [Read more...]