Moratorium on uninsured S&L mergers imposed by regulators
Federal regulators halt stock conversions in mutual savings and loan mergers with banks to protect depositors and curb insider windfalls. The Office of Thrift Supervision will keep the moratorium until rules are drafted and seeks FDIC alignment. The move targets stock conversions, not standard mutuals offering public stock. Expect continued scrutiny of conversions and mergers among S&Ls.
MENTIONED IN THIS ARTICLE
Washington
Office of Thrift Supervision
S&ls
OTS
Jonathan Fiechert
Federal Deposit Insurance Corp
FDIC
Fiechert
House Banking Subcommittee
Mutual S&ls
Export Center Opens in Baltimore to Aid Overseas Trade
The United States establishes its first Export Assistance Center in Baltimore at the World Trade Center to unite federal, state, and local resources for exporters. Officials say the one stop hub will provide counseling, loans, insurance, and guidance to Maryland and DC firms seeking new international markets. Governor Schaefer and Senator Sarbanes tout benefits as centers roll out nationwide within two years.
MENTIONED IN THIS ARTICLE
Baltimore
U.S. Export Assistance Center
World Trade Center
U.S. Department of Commerce
Small Business Administration
Federal Export-Import Bank
Maryland Department of Economic and Employment Development
Ronald Brown
Mr. Brown
Commerce Department
Maryland
District of Columbia
Baltimore Center
Miami
Chicago
Long Beach
Calif
Paul Sarbanes
D-Md
Sarbanes
William Donald Schaefer
Schaefer
Joe Burton
Burton
Seven Coldwell Banker offices form regional real estate alliance
Seven independent Coldwell Banker offices join forces to coordinate moving clients into the 270 corridor and northern Virginia area. Brokers meet monthly to share advertising and programs while remaining locally controlled. Alliance spans 55 offices and about 3,000 agents with first meeting at Ceresville Mansion on Md 28.
MENTIONED IN THIS ARTICLE
Coldwell Banker
270 Corridor
Virginia
Mr. Coates
Mission Viejo
Calif
Americans see income rise in December and spending up
Government data show personal income up 0.6 percent in December helping 1994 earnings rise to 4.7 percent. Consumer spending climbed 6.1 percent, the strongest since 1990, with disposable income up 0.6 percent and the savings rate edging to 4.2 percent as durable goods and services spending increased.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Entrepreneur of the Year Award guidelines sessions
two sessions will explain the award guidelines sponsored by Merrill Lynch Ernst & Young and Inc Magazine. the program spans 41 local markets with a maryland ceremony on june 23 and 12 category winners. national winners are honored in palm springs in november. reservations required at 694 7300.
MENTIONED IN THIS ARTICLE
Tom Caulfield
Tim Mellett
Frederick
Merrill Lynch
Merill Lynch
Ernst & Young
Inc. Magazine
America
United States
Maryland
Palm Springs
Calif
Merril Lynch
Patrick St
Pat- Tick Center
Caulheld
Mellott
BMW to buy Rover for 1.2 Billion in European Merger
BMW agreed to acquire Rover Group from British Aerospace for 1.2 billion dollars creating the world’s largest specialist car maker. The deal unites BMWs luxury lineup with Land Rover off road vehicles, while Honda opposes the move as Rover’s 20 percent stake remains with Honda. Production and jobs are promised to continue in Britain, though Rover posted a 135 million dollar loss on 645 billion sales last year.
MENTIONED IN THIS ARTICLE
London
BMW
Rover Car Company
British Aerospace
Rover
Bernd Pischetsrieder
Honda
England
Britain
Pischetsrieder
George Simpson
Rover Group
Rover Group Holdings Ltd
Rover Car
Honda Motor Co Ltd
United Kingdom
Kiyoshikemi
T-bills rise as Treasury auction yields climb
Washington AP reports Treasury Department auctions saw short term rates increase. Three month bills sold at an average discount rate of 2.99 percent, up from 2.96. Six month bills averaged 3.16 percent, up from 3.14. The three month rate marked the highest since January 10 and six month the highest since January.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Also Mentioned on This Page
Andrew Move
Mr. Fiechert
ED Waters JR
News-Post
Jerry Coates
Coldwell Banker Best Realty
Coldwell Banker Grempler Realty
Towson
Coldwell Banker Yost
Loyola Insurance Services
Holiday Inn
W. Patrick St
Jeff McTague
Bank Marketing Inc
Genesis Training and Development
Choke Cherry Road
Rockville
Jack Hauber
Hrederich Nems
Frederick News Post
Monocacy Federal Credit Union
Old Farm Drive
Jay McRoberts II
Dds
Buckeystown Pike
Evergreen Square
Dr. McRoberts
DDS General Dentistry
Reese Ane
Cnnglobe
Motorola
Rodis
Business Radio Products, Inc
Industry Lane
Bldg
O Frederick
Rabotis Nu
Msn
Sevencu
Mie Ratehesbie
Radius
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