Banks

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    Will Glass-Steagall come back?

    An article from The Hill: Former Gov. Tim Pawlenty (R-Minn.) said Wednesday that re-implementing Glass-Steagall, a law designed to break up big banks is “probably not realistic.” The head of the Financial Services Roundtable in Washington and a 2012 presidential contender’s comments made his comments in response to former…
    Sarah Curry, July 30, 2015
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    Feds hit banks to pay for Highways

    Another great idea has come out of Congress – reduce the dividends the Federal Reserve banks pay on stocks that private-sector banks hold.  This idea would lower the dividend from 6% for banks with more than $1 billion in assets to 1.5%.  Why would they want to reduce these dividends? …
    Sarah Curry, July 22, 2015
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    Glass-Steagall lives again? What does that mean for NC banking industry…

    There are 66 different banks located within North Carolina’s borders.  Banking has become a large part of the economy in the state, and is a major industry in the Charlotte region.  Which is why North Carolina should be concerned about a piece of legislation introduced in Congress. Sens. Elizabeth…
    Sarah Curry, July 8, 2015
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    Banks allowed to file for bankruptcy under new bill

    The US House of Representatives passed a bill yesterday that would allow banks to begin the bankruptcy process voluntarily.  The bill, “The Financial Institutional Bankruptcy Act of 2014” passed with bipartisan support.  The intent of the bill is to promote confidence in the financial banking sector.  In 2008, tax…
    Sarah Curry, December 2, 2014