Browsing: Newsbytes


Despite economic headwinds and uncertainties around the Federal Reserve’s next move on interest rates, the banking sector remains strong and healthy, American Bankers Association President and CEO Rob Nichols said today in an interview with Bloomberg TV.


The FDIC today said it would issue a notice of proposed rulemaking to amend its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC is appointed receiver or conservator for an insured depository institution that has sponsored one or more securitization transactions.


The ABA nominating committee—chaired by Kenneth L. Burgess Jr., chairman, FirstCapital Bank of Texas, Midland, Texas—has selected a slate of candidates for association officer positions.

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