Merge or Purge

Community banks contemplate consolidation as regulatory costs grow

Banks throughout the country are putting new practices in place to comply with an onset of new federal regulations prompted by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act and other post-meltdown rule changes. Those expensive efforts are sparking major changes and concerns for some of the Capital Region’s smaller lenders.

Aug 1, 2013 Torey Van Oot

Cashing Out

Life among the ranks of the unbanked

Two hundred, four hundred … twenty, forty, sixty, eighty, five hundred …

As the young woman behind the glass divider counts out the entirety of my paycheck, I can’t help but think of how measly it looks before I stuff it in my wallet.

May 1, 2013 John Blomster

Banking on Business

Acuity with Rodney Brown

Since 2007, Rodney Brown, 65, has served as the president and CEO of the California Bankers Association, which represents the majority of banks doing business in California.

May 1, 2013 Douglas Curley
(istockphoto.com)

Bank of Tomorrow

New sources for business loans

Banks are running up against some odd new competitors these days. Big box retailer Costco is advertising mortgages. Wal-Mart has issued its own debit card. Amazon is offering loans to merchants in its online marketplace.

Feb 12, 2013 Robert Celaschi

Blowing Bubbles

Could Dodd-Frank cause another financial disaster?

The past few years have seen the biggest social upheaval against the banking industry in this nation’s history, and Capitol Hill lawmakers responded with 848 pages of legislation that liberal critics deride as weak and many conservatives call a job killer.

Apr 1, 2012 Allen Young

The Tax Man Cometh

Navigating a criminal investigation from the IRS

Perry Ghilarducci holds a vivid memory from the day the Internal Revenue Service showed up unannounced at his office. Nobody wants a surprise visit from the IRS, and it’s even more nerve-wracking when the agents are from the criminal investigation division and when, like Ghilarducci, you’re an accountant.

Apr 1, 2012 Robert Celaschi

Let’s Twist Again

Banks struggle with large debt and minimal borrowers

The Federal Reserve calls it Operation Twist, named after the 1961 Chubby Checker hit that sparked gyrating hips in dance halls across America. That was also the first year the Fed embarked on a mission to purchase long-term Treasury notes in an effort to drive down interest rates on long-term loans.

Feb 1, 2012 Allen Young