Financial Institutions Section
At the very center of the current economic crisis are the nation’s financial institutions. Bank reforms and securities fraud are only a few of the subjects requiring CPA leadership and expertise. Members of OSCPA’s Financial Institutions Section get weekly news, information, insights and trends on U.S. banks, brokerage firms, insurance companies, mutual funds and other financial services firms. Invest in yourself by joining OSCPA’s Financial Institutions Section today.
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Sep 01, 2011
Banks, investors and companies are trying to cope with uncertainty caused by regulators' delays in fleshing out the Dodd-Frank financial-overhaul law, amid fears the holdup might disrupt the $583 trillion derivatives market and spark a wave of lawsuits.
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Sep 01, 2011
JPMorgan Chase CEO Jamie Dimon is still griping about financial reform, and this time, he took his complaints straight to the top official at the Federal Reserve.
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Sep 01, 2011
The Federal Reserve Board has announced the adoption of an interim final rule allowing small bank holding companies that are S-Corps or that are organized in mutual form to exclude subordinated debt issued to Treasury under the Small Business Lending Fund (SBLF) from treatment as "debt" for purposes of the debt-to-equity standard under the Board's Small Bank Holding Company Policy Statement.
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Sep 01, 2011
Banks are showing signs of life across the U.S. and in Ohio according to a ratings company. According to BauerFinancial Inc., an independent ratings company, there is improvement in Ohio’s banks with 71% now earning a four-star or five-star rating from Bauer, an increase from 67% a year ago. BauerFinancial, Inc. develops its bank ratings on factors like their capital strength, debt, profits and assets.
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Sep 01, 2011
With low overhead and a market of potential customers who are sick to death of being nickel and dimed by traditional banks scrapping for revenue, web-only banks may have found their niche in time.
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Sep 01, 2011
A year after the Dodd-Frank Act was passed, Republicans on the House Financial Services Committee have issued a report calling Dodd-Frank a failure for not living up to its promises.
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Sep 01, 2011
The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent emails that have the appearance of being from the FDIC.
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Sep 01, 2011
The Federal Reserve Board is seeking comments on a proposal that sets standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers.
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Sep 01, 2011
-Private banks in Switzerland and Liechtenstein are being scrutinized by U.S. prosecutors investigating whether or not bankers have helped Americans evade the IRS. Inquiries by the U.S. authorities that started with UBS in 2007 have ballooned to include more of the Swiss financial sector.
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Sep 01, 2011
In the wake of Standard & Poor’s rating agency lowering the long-term debt rating of the U.S. government and federal agencies from AAA to AA+, several government agencies issued a joint statement for financial institutions.
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