Maryland banks post profit rise despite loan troubles
Maryland banks buck national trends by a 17.8 percent profit increase while non performing assets jumped over 70 percent in 1989. Regulators focused on other regions, masking regionwide risks in real estate loans and rising problem loans. Legg Mason also reports record revenues and a near doubling of net earnings for the year ending March 31 1990.
MENTIONED IN THIS ARTICLE
Maryland
Elizabeth C. Hayes
Johnston Lemon & Co, Inc
Washington
New England
Ms. Hayes
Office of the Comptroller of the Currency
James Madison Ltd
D.C
MNC
Pershing & Co
New York
Sheshunoff Information Services Inc
Austin
Texas
Baltimore
Prnewswire
Legg Mason Inc
Lending curbs squeeze Maryland developers and banks
Maryland financial executives warn tighter federal lending rules following the Financial Institutions Reform Act are restricting real estate and small business loans. Critics say regulators overreacted, while others defend prudent lending. Banks report higher loan losses and reserves, with Second National Federal Savings Bank halting commercial lending. The piece notes the broader impact on jobs and development, and includes a Frederick club meeting notice for June 19 with reservations required.
MENTIONED IN THIS ARTICLE
Maryland Financial
Maryland
Maey
Ween Witcu
John Suit
Farmers National Bank
Federal
Henry A. Berliner
Second National Federal Savings Bank
Second National
Salisbury
Annapolis
Berliner
Bill Utz
W.F
Mr. Utz
Austin Pohl
Frederick County Sheriffs Department
Frederick Crime Solvers
Frederick Business and Professional Women’s Cluir
City Club
Patrick Center
Frederick
Lynn Summel
Frederick Club
Patricia Maloff
U.S. productivity falls in first quarter of 1990
U S productivity dropped 2.7 percent annual rate in early 1990, the worst since 1981 82, while unit labor costs rose 7 percent and GNP growth was revised to 1.3 percent. Manufacturing productivity rose 4.9 percent, signaling leaner firms amid restructuring. nonfarm output rose 1 percent as hours worked climbed 3.9 percent.
MENTIONED IN THIS ARTICLE
Washington
David Jones
Aubrey G. Lanston & Co
Allen Sinai
The
Boston Co
Donald Ratajczak
Georgia State University
Sinai
Labor Department
Jones
Ratajczak
Also Mentioned on This Page
Associated Press
Legg Mason
Étion
Frederick County
Ocean City
Kitty Myers
Mount Airy
Carole Plunkard
Walkersville
George Garman
Emily Garman
FDIC
Rosemont Avenue
Columbia First Bank
Federal Savings Bank
Dc, MD & VA
U.S
Tokyo
Frederick Sheraton Inn
Hofidau Syn
Sulla Crown American Hotel
Tme
First General Mortgage Company
First Virginia Bank
Rockwille
Wat Ta Ahan Brimatar
Cheryl Lewis
Suilearn
Chevy Chase
VISA
MasterCard
Virgina
Chevy Chasese
West Patrick Street
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