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Office of the Comptroller of the Currency

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Top Office of the Comptroller of the Currency Articles

Displaying items 13-24
  • National Penn to lay off 77 in TF Financial acquisition

    National Penn to lay off 77 in TF Financial acquisition
    Shareholders of TF Financial Corp. voted Wednesday to approve the holding company's acquisition by National Penn Bancshares of Allentown. TF Financial, based in Newtown, Bucks County, owns 3rd Fed Bank, which has $692 million in deposits and 18 full-...
  • Credit Suisse loans under U.S. Fed scrutiny: WSJ

    Sept 17 (Reuters) - The U.S. Federal Reserve has asked Credit Suisse CSGN.VX to address problems relating to the bank's underwriting and sale of leveraged loans, the Wall Street Journal reported, citing a source familiar with the matter. The use of these...
  • National Penn seeks money for acquisitions

    National Penn seeks money for acquisitions
    The biggest bank based in the Lehigh Valley appears to be getting ready to get a little bigger. National Penn Bancshares of Allentown, National Penn Bank's parent, will raise $100 million through the issuance of unsecured, fix-rate senior notes due in...
  • U.S. bank regulators set to adopt liquidity, swaps margin rules

    WASHINGTON (Reuters) - U.S. bank regulators plan to adopt on Wednesday rules forcing big banks to hold more assets that they could sell easily in a credit crunch, a requirement that is closely linked to the experience of the 2007-2009 financial crisis....
  • Feds put out false stats on mortgage fraud

    Feds put out false stats on mortgage fraud
    In front of news cameras, federal authorities have talked tough about combating mortgage fraud. But behind closed doors, some FBI offices didn't even list mortgage fraud as a top priority, and the Department of Justice repeatedly promoted inflated...
  • Microsoft says goodbye to Windows XP operating system

    Microsoft Corp. is finally pulling the plug on a piece of technology that has refused to go away. On Tuesday, the software giant will stop supporting Windows XP, the still ubiquitous computer operating system that's been around for almost 13 years, an...
  • Banking regulators launch broad review of financial rules

    Banking regulators launch broad review of financial rules
    Three of the nation's financial regulators on Wednesday launched a broad effort to identify rules that are unnecessary or too burdensome for banks. Under a 1996 law, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the...
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  • Freddie Mac: Mortgage rates fall again, with 30-year averaging 4.32%

    Freddie Mac: Mortgage rates fall again, with 30-year averaging 4.32%
    Fixed mortgage rates fell for the fourth week in a row following the release of weaker housing data, according to Freddie Mac, which said lenders were offering 30-year fixed home loans to solid borrowers this week at an average of 4.32%. The Freddie Mac...
  • Lawmakers want Fed board to approve big bank enforcement actions

    Lawmakers want Fed board to approve big bank enforcement actions
    WASHINGTON -- Reflecting concerns that government settlements with big banks haven't been tough enough, two Democratic lawmakers want the Federal Reserve board to approve all major enforcement actions. Sen. Elizabeth Warren of Massachusetts and Rep....
  • Spending deal reduces budget requests for Wall Street watchdogs

    Spending deal reduces budget requests for Wall Street watchdogs
    WASHINGTON -- The $1-trillion federal spending bill unveiled by congressional negotiators significantly reduces White House requests for funding of two key Wall Street watchdogs. The Securities and Exchange Commission would get $1.35 billion for the...
  • Despite shutdown, most federal financial regulators remain on job

    Despite shutdown, most federal financial regulators remain on job
    WASHINGTON -- Although the federal government began a partial shutdown Tuesday, most financial regulators remained on the job because their agencies are funded outside the congressional appropriations process. But the effects of the shutdown still...