Obama pushes for bank size limits amid Wall Street clash
President Obama chastised big Wall Street banks and urged limits on size and trading to deter a new crisis. Key changes target JPMorgan Chase Citigroup and Bank of America with a Volcker plan to separate commercial and investment banking, while markets reacted with a Dow drop as banks balk at the overhaul.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Wall Street
Obama
Jpmorgan Chase & Co
Goldman Sachs Group Inc
Treasury
Timothy Geithner
Dow Jones
Dow
Federal Reserve
Paul Volcker
White House
Volcker
Rob Nichols
Financial Services Forum
Geithner
Bank of America Corp
Citigroup Inc
American International Group Inc
Washington Mutual
Wachovia
lawmakers rail at Park National Bank closure in DC hearing
House Financial Services subcommittee grilled FDIC OCC and Treasury officials over Park National and Citizens National Bank closures tied to FBOP Corp. Regulators said bids failed to find buyers for stand-alone banks and noted the FDIC sold nine FBOP banks to U.S. Bank as a package. Michael Kelly defended investors plans while urging more time.
MENTIONED IN THIS ARTICLE
Washington
House
Chicago
Park National Bank
House Financial Services
Park National
Citizens National Bank
Teague
Texas
Fbop Corp
West
Wall Street
Federal Deposit Insurance Corp
Tom Price
Georgia
FDIC
Bobby Rush
D-Ill
Jennifer Kelly
OCC
Mitchell Glassman
Citizens National
FBOP
Glassman
U.S. Bank
Michael Kelly
Railroads signal tepid recovery in 2010 outlook
Omaha based Union Pacific Burlington Northern Santa Fe and CSX foresee a tepid U.S. recovery in 2010 as demand for coal and consumer goods remains weak. Railroads report lower fourth quarter profits with gradual improvement anticipated as manufacturing rebounds and stimulus projects begin.
MENTIONED IN THIS ARTICLE
Omaha
Neb
U.S
Union Pacific Corp
Burlington Northern Santa Fe Corp
CSX Corp
Institute For Supply Management
Union Pacific
Burlington Northern
CSX
United States
VeraSun Energy
Ray Willey obituary and memorial near Roswell
Roswell resident Ray Willey, Army veteran of World War II, Korea, and Vietnam, died recently at Martin’s Casa Siesta after a life of amateur radio, hunting, hiking, and outdoor passions. He is survived by twin Richard Willey of Albuquerque and sister Essie Pepicello of Erie, plus daughter Kenda Willey and grandson Keenan Horn. A memorial service is set for Jan 23 at Ballard Funeral Home Chapel.
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Richard Willey
Albuquerque
Essie Pepicello
Erie
Penn
Anne Allensworth
Kenda Willey
Keenan Horn
Roswell
Ray
Veralee Bowling Willey
Veralee
Sunny Acres
Vista Hospice Care
Martin Flores
Ballard Funeral Home
Ballard Funeral Home and Crematory
Ballardfuneralhome.com
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House Financial Services Committee
Rep
Barney Frank
D-Mass
Economic Recovery Advisory Board
Artelia
Bethel Baptist Church
Florence Mullen
Artesia
Thomas Ford
Woodbine Cemetery
Randy Mullen
Rufus Mullen III
George Mullen II
Michael Mullen
Marquez Bowman
Lance Gunn
Terpening & Son Mortuary
Florence
Jeanerette
George Alexis
Elizabeth (Todd) Alexis
Charlton Pollard
Beaumont
Rufus Mullen
Weed
Donald Mullen
Charles Thomas Mullen
Christopher George Mullen
Pilgrim Rest
Prince Hall
Order of Eastern Star
Edward Mullen
Laverse
Rufus Mullen Jr
Rosalie
Flagstaff
Ariz
George Mullen
Regina
Lois Gunn
Houston
Marietta Bowman
Robert
Artesiafunerals.com
Acade
New Mexico Military Institute
Usbaseballacademy.com
Raymond
Willeaymond Silley