WASHINGTON (AP) — Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.
The Federal Reserve and other agencies cite increasing risks in loans to oil and gas producers as oil prices have fallen to three-month lows. The regulators said their latest examinations also showed continued high risk from loans made to companies that are already heavily in debt.
27. US bank earnings dip 2 percent in 1Q amid low oil prices - Friday, May 27, 2016
WASHINGTON (AP) — The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans.
28. Low rates, troubled loans send bank profits lower - Friday, April 15, 2016
PHOENIX (AP) — 2016 is getting off to a lousy start for major U.S. banks. Energy loans are turning bad, low interest rates are making it hard to make profitable loans, and markets have been volatile.
29. Some big US banks have 6 months shape up plans - Friday, April 8, 2016
WASHINGTON (AP) — Five of the biggest U.S. banks have six months to get their disaster plans in shape. That's the message regulators issued Wednesday after giving the banks failing grades for the strategies they would deploy if they tumbled into bankruptcy.
30. US bank earnings up 7.3 percent in 1st Qtr - Friday, August 28, 2015
WASHINGTON (AP) — U.S. banks' earnings jumped 7.3 percent in the April-June period from a year earlier as revenues increased and the volume of soured loans banks had to write off fell to the lowest level since before the financial crisis.
31. US bank earnings up 6.9 percent in Q1 - Friday, May 22, 2015
WASHINGTON (AP) — U.S. banks' earnings rose 6.9 percent in the first quarter from a year earlier as revenues increased, delinquent loans continued to fall and the number of "problem" banks reached a six-year low.
32. US bank earnings drop 7.3 percent in 4Q - Friday, February 20, 2015
WASHINGTON (AP) — U.S. banks' earnings dropped 7.3 percent in the fourth quarter from a year earlier as a few big banks had increased costs to settle legal cases and the industry had declines in income from the mortgage business.
33. Hackers' $1 billion bank theft may still impact consumers - Friday, February 13, 2015
WASHINGTON (AP) — The hacker gang that looted as much as $1 billion worldwide from banks was unusual: It stole directly from the banks, instead of ripping off their customers.
But this was hardly a bit of Robin Hood banditry that spared innocent account holders. Security experts say consumers still need to keep a close eye on their checking and savings, as epic computer breaches such as this theft — documented in a report issued Monday — are becoming all too common.
34. Senate to take up $1.1T bill to keep govt running - Friday, December 12, 2014
WASHINGTON (AP) — A battle between the Senate's old school veterans and new-breed freshmen such as tea partier Ted Cruz and liberal Elizabeth Warren is taking shape Friday as leaders push for passage of a $1.1 trillion spending bill needed to keep the government running.
35. Liberals and conservatives gripe about $1.1T bill - Friday, December 5, 2014
WASHINGTON (AP) — Exposed to the light of day, a year-end, $1.1 trillion spending bill drew vociferous objections from liberals and milder criticism from conservatives on Wednesday while lawmakers readied a brief, stopgap measure to prevent a government shutdown both parties vowed to avoid.
36. US bank earnings up 7.3 percent in 3Q - Friday, November 21, 2014
NEW YORK (AP) — U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money, which help drive up revenue.
37. How prepaid cards work and why Feds are watching - Friday, November 7, 2014
NEW YORK (AP) — Prepaid cards allow users to store and spend their money without tying themselves to a traditional bank. Now regulators want many of the protections that cover bank accounts expanded to this product.
38. New consumer protections for prepaid cards - Friday, November 7, 2014
WASHINGTON (AP) — The Consumer Financial Protection Bureau is extending many of the financial protections of bank accounts to prepaid cards.
New rules proposed Thursday by the federal regulator would require that prepaid card users be protected against fraudulent charges and provided with free monthly billing statements. The rules come as more Americans are using "reloadable" prepaid cards as a substitute for checking accounts. Consumers have gone from loading less than $1 billion onto their cards in 2003 to nearly $100 billion through 2014.
39. New rules on banks' risk in mortgage bonds eased - Friday, October 17, 2014
New rules on banks' risk in mortgage bonds eased
WASHINGTON (AP) — New U.S. rules aimed at getting banks to take on more of the risk when they package and sell mortgage securities are being relaxed with an eye to spurring broader home lending.
40. US bank earnings up 5.2 pct in 2Q - Friday, August 22, 2014
WASHINGTON (AP) — U.S. banks' earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007.
The data issued Wednesday by the Federal Deposit Insurance Corp. showed a robust picture as the banking industry continues to recover from the financial crisis that struck six years ago. The improving economy has brought greater demand for loans and stepped-up lending.
41. US economy, though sluggish, may now be sturdier - Friday, July 18, 2014
WASHINGTON (AP) — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.
That conclusion, one held by a growing number of economists, might surprise many people. After all, in the five years since the recession officially ended, Americans' pay has basically stagnated. Millions remain unemployed or have abandoned their job searches. Economic growth is merely plodding along.
42. Citigroup to pay $7B in subprime mortgages probe - Friday, July 11, 2014
WASHINGTON (AP) — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.
43. US bank earnings decline 7.7 percent in 1Q - Friday, May 23, 2014
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
44. Regulators act to require stronger bank capital - Friday, April 4, 2014
WASHINGTON (AP) — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown.
The eight biggest banks will have to meet stricter measures for holding capital — money that provides a cushion against unexpected losses — under a rule that regulators are adopting Tuesday.
45. Major bitcoin exchange said to be insolvent - Friday, February 21, 2014
TOKYO (AP) — One of the world's largest bitcoin exchanges has seemingly disappeared, delivering a severe blow to the virtual currency as it struggles to gain legitimacy.
A coalition of virtual currency companies said Tuesday that Tokyo-based Mt. Gox went under after secretly racking up catastrophic losses.
46. Top Midstate residential real estate transactions for January 2013 - Friday, February 21, 2014
Top January 2013 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
47. GAO recommends changes for student debit cards - Friday, February 14, 2014
WASHINGTON (AP) — Small fees add up for college students using college-issued debit and prepaid cards, which are often used to draw financial aid, and congressional investigators on Thursday urged greater oversight of their use.
48. AmEx will pay at least $75.7M in settlement - Friday, December 20, 2013
NEW YORK (AP) — American Express has agreed to pay at least $75.7 million to end an investigation by regulators into some discontinued card products.
The Federal Deposit Insurance Corporation said Tuesday that American Express led consumers to believe that an account protection product would work for up to two years when the benefits usually lasted no more than three months, and it didn't properly explain the enrollment process for a product intended to protect against identity theft. It says most consumers didn't complete the enrollment process but were billed anyway.
49. US ban on high-risk bank trades approved - Friday, December 6, 2013
WASHINGTON (AP) — U.S. banks will be barred in most cases from trading for their own profit under a federal rule approved Tuesday.
The Federal Reserve and the Federal Deposit Insurance Corp. each unanimously voted to adopt the so-called Volcker Rule, taking a major step toward preventing extreme risk-taking on Wall Street that helped trigger the 2008 financial crisis.
50. US banks earn $36 billion in third quarter - Friday, November 22, 2013
WASHINGTON (AP) — U.S. banks earned less in the July-September quarter than they did a year earlier, marking their first year-over-year profit decline since the spring of 2009 when the country was still mired in the Great Recession.
51. US banks earn record $42.2B in 2nd quarter - Friday, August 30, 2013
WASHINGTON (AP) — U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.
The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the second quarter, up 23 percent from the second quarter of 2012. About 54 percent of U.S. banks reported improved earnings from a year earlier.
52. US banks earn record $42.2B in 2nd quarter - Friday, August 23, 2013
WASHINGTON (AP) — U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.
The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the second quarter, up 23 percent from the second quarter of 2012. About 54 percent of U.S. banks reported improved earnings from a year earlier.
53. Dollars for docs - Friday, August 30, 2013
When Urology Associates bought land on Charlotte Avenue to build a new facility in 1999, the two dozen members of the physician group signed for the loan with personal guarantees.
“We wrote our names down and said we’d guarantee this $8 or $10 million loan, so we had a lot of sweating for a number of years that it wouldn’t come back to haunt us,” recalls Dr. Charles Eckstein, president of the practice. “But it turned out to be a wise move on our part.”
54. Regulators propose stricter rule for 8 big banks - Friday, July 5, 2013
WASHINGTON (AP) — Regulators took a step Tuesday toward requiring eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.
The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency proposed that banks increase their ratio of equity to loans and other assets from 3 percent to 5 percent. In addition, the banks' deposit-holding subsidiaries would have to increase that ratio to 6 percent.
55. Regulators proposing stricter rule for 8 big banks - Friday, July 5, 2013
WASHINGTON (AP) — Regulators want to require eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.
The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are expected to propose Tuesday that banks increase their ratio of equity to loans and other assets from 3 percent to 5 or 6 percent.
56. US banks report record earnings of $40.3B for Q1 - Friday, May 24, 2013
WASHINGTON (AP) — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans.
The banking industry earned $40.3 billion in the first quarter, the Federal Deposit Insurance Corp. said Wednesday. That's the highest ever for a single quarter and up 15.8 percent from the first quarter of 2012, when the industry's profits were $34.8 billion.
57. US 4Q bank earnings up 37 pct.; highest in 6 years - Friday, February 22, 2013
WASHINGTON (AP) — Profits at U.S. banks jumped almost 37 percent from October through December, reaching the highest level in six years as banks continued to step up lending.
The figures are fresh evidence of the industry's sustained recovery more than four years after the financial crisis.
58. Fewer US banks failing as industry strengthens - Friday, December 28, 2012
WASHINGTON (AP) — U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.
59. Bill to extend fed insurance plan dies in Senate - Friday, December 14, 2012
WASHINGTON (AP) — A federal program giving unlimited insurance guarantees to some no-interest bank accounts, enacted at the height of the financial meltdown, will die out at the end of the year following defeat of a Senate plan to extend it.
60. Hogan, Evans named to CapStar leadership - Friday, December 7, 2012
Dan W. Hogan has been appointed chief operating officer and Tipton H. Evans chief information officer as part of a reorganization of management at CapStar Bank.
61. US bank earnings up 6.6 pct., most in 6 years - Friday, November 30, 2012
WASHINGTON (AP) — U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is strengthening four years after the 2008 financial crisis.
62. Rule subjects 100 more US banks to stress tests - Friday, October 5, 2012
WASHINGTON (AP) — About 100 medium-sized U.S. banks will have to show how prepared they are to withstand a financial crisis next year, under a rule adopted Tuesday.
The Federal Deposit Insurance Corp. voted to require banks with between $10 billion and $50 billion in assets to conduct yearly stress tests to assess their ability to withstand possible worsening economic conditions. The requirement is mandated by the 2010 financial overhaul law.
63. Geithner pressures SEC on money-market funds - Friday, September 28, 2012
WASHINGTON (AP) — Treasury Secretary Timothy Geithner is putting pressure on the Securities and Exchange Commission to overhaul its rules for money-market mutual funds.
Geithner sent a letter Thursday to members of the Financial Stability Oversight Council seeking their help in pressuring the SEC to change its rules. Geithner, who heads the panel, said the changes are necessary to protect the system.
64. An easy way to pay where cash is king - Friday, September 28, 2012
Customers who normally go to the MAPCO Express convenience store on East Thompson Lane for a bag of chips or a six pack can do something new – pay their bills.
The location is one of 37 MAPCO stores in Nashville and Memphis where self-service, reverse ATMs – machines that collect money instead of dispensing it – have recently been installed.
65. Feds order Discover to refund $200M to cardholders - Friday, September 21, 2012
WASHINGTON (AP) — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.
66. US bank earnings rose 21 percent in 2Q, lending up - Friday, August 24, 2012
WASHINGTON (AP) — U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.
67. IndyMac leaders agree to settle class-action suit - Friday, July 6, 2012
Some leaders of the failed IndyMac Bancorp have agreed to settle a shareholder class-action lawsuit for $6.5 million.
The lawsuit names former IndyMac CEO Michael W. Perry and Chief Financial Officer Scott Keys as defendants.
68. Rescue loans for Spain's banks buys Europe time - Friday, June 8, 2012
WASHINGTON (AP) — A $125 billion plan to rescue Spain's banks won't solve Europe's debt crisis or ease the pain of double-digit unemployment across the continent.
But it is likely to calm financial markets and buy time for European policymakers to work with other weak economies threatening the stability of the 17 countries that use the euro.
69. Regulator: JPMorgan changed risk strategy in 2011 - Friday, June 1, 2012
WASHINGTON (AP) — Starting late last year, JPMorgan Chase & Co. reduced the amount of hedging it was doing to contain potential losses, according to a top federal regulator.
70. Stocks inch higher as investors await Europe news - Friday, June 1, 2012
NEW YORK (AP) — As world leaders searched for a way out of Europe's mounting debt crisis, U.S. investors moved to the sidelines.
The major market indexes closed modestly higher, after wavering between slight gains and losses throughout the morning. Trading volume was light and the stock moves were small. In Europe, markets were mixed.
71. US bank earnings rose this winter to 5-year high - Friday, May 25, 2012
WASHINGTON (AP) — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
The mostly positive first-quarter earnings released Thursday illustrate how far the banking industry has come since the 2008 financial crisis. Still, the report noted that many banks remain cautious about lending, a necessary driver of economic growth.
72. US bank earnings rose this winter to 5-year high - Friday, May 18, 2012
WASHINGTON (AP) — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
73. GOP plan boosts Pentagon, cuts social programs - Friday, May 4, 2012
WASHINGTON (AP) — The Republicans who control the House are using cuts to food aid, health care and social services like Meals on Wheels to protect the Pentagon from a wave of budget cuts come January.
74. Fed: Economy growing moderately; no policy changes - Friday, April 20, 2012
WASHINGTON (AP) — The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain. It's holding off on taking any further steps to boost the recovery.
75. FDIC: Bank earnings hit five-year high in 2011 - Friday, February 24, 2012
WASHINGTON (AP) — A surge in bank earnings at the end of last year made 2011 the most profitable time for the industry in five years. More earnings and fewer troubled banks suggest the industry has healed since the 2008 financial crisis.
76. Consumer-finance watchdog probes overdraft fees - Friday, February 17, 2012
WASHINGTON (AP) — The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks.
The Consumer Financial Protection Bureau said Wednesday that it will ask banks for information about how overdraft fees affect consumers, how overdraft protection is marketed and what information consumers receive.
77. Former Crosland executives form Stewart + Dossett - Friday, February 10, 2012
Ronn Stewart and Burgin Dossett have formed Stewart + Dossett, LLC, a development, construction and real estate services firm. A minority-owned and operated business enterprise, the company offers a wide range of project experience in the commercial, hospitality, mixed-use and residential sectors.
78. FDIC seizes Franklin-based Tennessee Commerce Bank - Friday, January 27, 2012
WASHINGTON (AP) - Regulators on Friday closed banks in Tennessee and Florida, lifting to five the number of U.S. bank failures this year following 92 closures in 2011.
The number of closures dropped sharply in 2011 from the two previous years, when banks were working their way through the bad debt accumulated in the recession. And the rate seems to be slowing more this year; by this time in 2011, regulators had shuttered 11 banks.
79. Renasant Corp.'s 4thQ profit rises - Friday, January 13, 2012
TUPELO, Miss (AP) — Renasant Corp. says fourth-quarter profit rose on the strength of its expansion.
The regional bank said Tuesday that it earned $5.8 million, or 23 cents per share, in 2011's final quarter. That's up 23 percent from the $4.72 million, or 19 cents per share, that the Tupelo, Miss.-based firm earned in 2010's last three months.
80. Big banks must show break-up plans under new rule - Friday, January 13, 2012
WASHINGTON (AP) — The largest U.S. banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday.
The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. Seven banks with more than $250 billion in assets will have to show their plans by July. The other 30 affected by the rule have until 2013.
81. FDIC: Bank earnings hit highest level in 4 years - Friday, November 18, 2011
WASHINGTON (AP) — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday.
82. Ingrams honored as top philanthropists - Friday, November 4, 2011
Centerstone, the nation’s largest not-for-profit provider of community-based mental health and addiction services, today announced that board chair Lee Ann Ingram and her husband Orrin have been named Philanthropists of the Year by the Association of Fundraising Professionals (AFP) Nashville Chapter. The couple will be honored during the chapter’s annual National Philanthropy Day (NPD) luncheon on Nov. 10 at the Hutton Hotel.
83. Feds close banks in Ga, Fla, Colo; 84 failures so far in 2011 - Friday, October 21, 2011
WASHINGTON (AP) — Regulators on Friday closed two banks in Georgia and one each in Florida and Colorado, raising to 84 the number of U.S. banks that have failed this year.
The number of closures has fallen sharply this year as banks have worked their way through the bad debt accumulated in the recession. By this time last year, regulators had shuttered 139 banks.
84. FDIC backs ban on banks trading for own profit - Friday, October 7, 2011
WASHINGTON (AP) — Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday.
The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote. The ban on so-called proprietary trading was required under the financial overhaul law.
85. Watchdog: Regulators bowed to banks on bailout - Friday, September 30, 2011
WASHINGTON (AP) — Federal regulators bowed to pressure from big banks seeking a quick exit from the financial bailout program and did not uniformly apply the government's own conditions set for repaying the taxpayer funds, a new watchdog report says.
86. Bank of America to cut 3,500 jobs - Friday, August 19, 2011
NEW YORK (AP) — Bank of America Corp., the nation's largest bank, said Friday that it plans to cut 3,500 jobs by the end of September.
The cuts amount to a little more than 1 percent of the bank's workforce of roughly 288,000. But they follow a string of other layoffs, including 2,500 already announced this year.
87. Down on the farm, investors see big potential - Friday, July 15, 2011
Braden Janowski has never planted seeds or brought in a harvest. He doesn't even own overalls.
Yet when 430 acres of Michigan cornfields was auctioned last summer, it was Janowski, a brash, 33-year-old software executive, who made the winning bid. It was so high — $4 million, 25 percent above the next-highest — that some farmers stood, shook their heads and walked out. And Janowski figures he got the land cheap.
88. Overcoming historical mistrust of banks is key to building base - Friday, July 8, 2011
Having banks that cater to the needs of the Hispanic community is helpful. Getting that community to use the banks is a little harder.
Local nonprofits are stepping in, providing financial education programs for those who might be new to the Nashville area, unfamiliar with banking services in the United States or accustomed to handling transactions on a cash-only basis.
89. Rule lets board recover pay from failed bank execs - Friday, July 1, 2011
WASHINGTON (AP) — Federal regulators will be able to take back two years of pay from executives held responsible for a large bank's failure.
Executives deemed "negligent" and "substantially responsible" for a big bank's failure can lose all of their compensation from the previous two years under a rule approved Wednesday by the board of the Federal Deposit Insurance Corp.
90. Watchdog: Treasury risks overpaying law firms - Friday, April 8, 2011
WASHINGTON (AP) — The Treasury Department paid out more than $27 million to law firms overseeing the financial bailouts without requiring detailed bills or questioning the incomplete records that the lawyers provided, a government watchdog says.
91. SEC backs rule that would delay executive bonuses - Friday, February 25, 2011
WASHINGTON (AP) — The Securities and Exchange Commission took steps Wednesday toward curbing risk-taking at big Wall Street firms and reducing the influence of credit-rating agencies, two factors that contributed to the financial crisis.