Flushed with cash
Tags: BAILOUTS (Finance); BANKING industry -- United States; FLUSHING Financial Corp.
Related Articles
- Flushing Starts Commercial Bank. // American Banker;6/19/2007, Vol. 172 Issue 117, p7
The article reports on Flushing Financial Corp.'s decision to form a limited purpose commercial bank for the purpose of soliciting deposits from state and local governments. Flushing is the latest thrift company in New York to open a commercial bank in 2007 for the purpose of soliciting state...
- No more bailouts; break up banks. Budowsky, Brent // Hill;10/28/2009, Vol. 16 Issue 126, p30
No abstract available.
- House members grill bank execs on TARP. Brush, Silla // Hill;2/12/2009, Vol. 16 Issue 17, p14
The article reports that the U.S. House Financial Services Committee chairman Barney Frank and other members of the house, including Texas Representative Randy Neugebauer and Massachusetts Representative Michael Capuano, have encouraged banks across the country, which received federal...
- Fearing regulation, LI banks avoid bailout money. Glasser, Laura // Long Island Business News (7/1993 to 5/2009);12/19/2008, Vol. 55 Issue 62, p7A
The article reports that the banks are avoiding the bailout money in Long Island, New York. According to Brad Rock, chief executive of Hauppauge-based Bank of Smithtown, the reason they are undecided is there are large differences of opinion among the U.S. Treasury, bank regulators and Congress...
- Crisis pits fairness against urgency. Marcus, Morton // Indianapolis Business Journal;10/6/2008, Vol. 29 Issue 31, p11A
The author focuses on bailouts in the U.S. He says that homeowners who live within their means and business owners who face risk have no sympathy for a bailout for people who took on mortgages they could not afford or financial executives who made money on risky investments. He comments on the...
- Seems the Citimath doesn't add up. // Crain's New York Business;12/14/2009, Vol. 25 Issue 50, p4
The article reports on Citigroup Inc. which is lobbying the U.S. government for a bailout. Buying back the government's 20 billion dollars preferred stake would deliver a 5 billion dollars hit to Citigroup's capital, according to Deutsche Bank research. Getting rid of the bank's 250 billion...
- Downturn Had No Effect On Bank Salaries. // Credit Union Journal;4/4/2011, Vol. 15 Issue 13, p2
The article reports that bank bail-outs and the occurrence of economic downturn from 2007-2010 shows no relative impact on the salaries and pay schemes of banks in the U.S., according to "American Banker."
- Market: Don't Stress Over Stress Tests. Kellerhals, Richard // High Yield Report;5/11/2009, Vol. 20 Issue 19, p20
The article reports on the results of the U.S. government's stress tests in the leverage finance markets in 2009. According to the preliminary result from the tests, at least seven of the 19 banks tested will need approximately 65 billion U.S. dollars in fresh capital. Some of those banks...
- Smithtown Bancorp closer to taking bailout funds. Glasser, Laura // Long Island Business News (7/1993 to 5/2009);1/2/2009, Vol. 56 Issue 1, p13A
The article offers news briefs related to business enterprises in Long Island, New York. Bank of Smithtown has granted an approval to sell $37.8 million in preferred shares to the U.S. Treasury as part of the bailout plan. Flushing Financial Corp. has received money from the government under the...
