Bank of America would sell Texas branches in a crisis, WSJ says
Bank of America told federal regulators it would sell its Texas branch network if it had to raise capital in a crisis or if it faced a severe market downturn, the Wall Street Journal reports today. Not...
View ArticleMoneyGram expands service to Philippines
Dallas-based MoneyGram said it has added 30 countries to its direct-to-account service for funds sent to the Philippines. The service enables customers to send funds directly into their family and...
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Dallas Fed economist sees mobile banking as the way to reach the world’s...
The fast growth of mobile technology means cell phones maybe the way to reach the unbanked in many parts of the world. That’s the premise of Janet Koech, an assistant economist at the Federal Reserve...
View ArticleHouse pressures regulators to exempt community banks from capital requirements
If you ever wonder about those rare topics on which Republicans and Democrats agree, one area of shared concern is community banks. At a hearing of the House Financial Services Committee today, to be...
View ArticleDallas Fed president Richard Fisher provides peek at proposal to fix “too big...
Richard Fisher, president of the Federal Reserve Bank of Dallas, today proposed breaking up “too big to fail” U.S. banks into multiple businesses and preserving the nation’s safety net programs only...
View ArticleTexans teeter on personal fiscal cliff
Talk about living on the edge. Half of Texas residents have almost no savings to fall back on if they lose their job, have a health crisis or other financial crisis, according the Corporation for...
View ArticleBBVA Compass updates employees about co-workers near West, Texas, after...
BBVA Compass bank has let employees know their fellow workers near West, Texas, were not hurt in a massive fertilizer explosion in which 12 people have died so far. “All of our employees are OK,”...
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Hensarling to lay out case for privatizing home mortgage market at Bush...
WASHINGTON — President Obama said on Tuesday that he backs plans to limit the federal government’s role in securing home … [visit site to read more]
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Frost Bank receives highest customer satisfaction ranking in Texas
San Antonio-based Frost Bank has received the highest customer satisfaction ranking in Texas in the J.D. Power and Associates visit site to read more]
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