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The State of Banking

Jeff For Banks

In 2013, there were 6,812 FDIC-insured financial institutions. And since NIMs are holding steady, it leaves me to think that operating expense control or increased profitability in fee-based businesses are at work. As balance sheets grow, operating expenses grow less, creating greater efficiency. Positive operating leverage!

Taxes 60
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Latest CECL FAQs

Abrigo

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard. the incurred loss method).

Policies 186
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Can You Have Multiple Brokerage Accounts? When It Makes Sense

MyBankTracker

Many brokerage companies operate their own mutual funds. Each brokerage operates its own money market fund and the interest rates can vary. If one goes down and the other stays up, you can make trades using the broker that’s still operating. Recordkeeping and Taxes. Access to Mutual Funds. Other Features.

Tools 52
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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. Higher cash holdings will now be a demarcation of credit quality. These inflows help mitigate a run-in-progress.

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E-Signature Approval

Independent Banker

She’s chief operating officer and vice president of the mortgage company, a division of Private Bank of Buckhead, in Atlanta. Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage. By Howard Schneider.

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Looking for a business checking account? Consider these items

FirstInternet

A business checking account lets you handle legal, tax and day-to-day issues. Application versatility: Free secure 24/7 online and mobile apps; make ACH payments, wire transfers and more. Business checking accounts are absolutely foundational. The somewhat more complicated part? There are a lot of banks and offers from which to choose.

Online 52
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Financial institutions face increasingly stringent federal breach reporting requirements

CFPB Monitor

In 2005, the federal prudential regulators—including the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—issued Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.

Report 147