Rate hikes will be boon for tri-county banks in 2017
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Read More →Change bankers’ incentives to get big
By Bill Watkins In popular culture, there are “good” industries and “evil” industries. Oil has held the most hated position of the evil list for generations and is likely to hold it until there is no more oil. Farming, once solidly on the good list, is moving to the evil list because its critics Read More →
Read More →San Francisco Federal Reserve Bank CEO says he’s bullish on U.S. economy at Santa Barbara event
All in all, things are looking good for the U.S. economy, Federal Reserve Bank of San Francisco President and CEO John Williams said in Santa Barbara the morning of Jan. 8. Despite China’s market uncertainty and the global volatility, Williams doesn’t expect that to have a major impact on the U.S. economy. He pointed Read More →
Read More →Op/ed: Bank of America moral hazard may lead to another financial crisis
By Steven Mintz How can it be that Bank of America has settled claims in excess of $66 billion for its role in the financial meltdown that spawned the economic recession in 2008 and no top executives have spent any time in jail? How do we explain that regardless of gross violations of ethical standards, Read More →
Read More →Bank Secrecy Act spoils Christmas for merchants who prefer cash
Sometimes something that starts out with good intention can turn bad. This seems to be what has happened with the Bank Secrecy Act of 1970.
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