And David Barnes played a very good innings. He has been a terrific signing for us and has been very consistent all year as well as being a positive influence to the team. |
Historically, over the past 10 to 12 years, depositors with excess of $100,000 received 72 cents on the dollar. |
It is likely we will issue rules this year, but we don't have a precise timetable. |
It literally failed overnight from fraud. Half the assets were completely gone. A lot of retirees lost their money. |
It's really hard to gauge timing. A lot depends on what negotiations might have to be made and whether we need more information from the applicant. |
It's up to the individual banks as to when they ratchet those (relief measures) down. Some are starting to cut back a little. |
One that went out in January was fishing for personal financial information. One earlier this month spread a computer virus. |
The benefit is if you have inflation, the deposit insurance limit will not be eroded and keep up. And if you have periods of relatively low inflation, that low inflation wouldn't be eroding or eating away at the insurance limit. |
The bottom line is we just voted to cut $2 million out of our budget, yet we're going to hold on to a May election. It comes down to cost. |
The industry is making very good progress. The number of institutions (whose readiness) is unsatisfactory continues to decline. |
The risk assessments provide bankers with more flexibility to tailor security measures to better safeguard their customers . . . than would a mandate from regulators, |
The risk assessments provide bankers with more flexibility to tailor security measures to better safeguard their customers . . . than would a mandate from regulators. |
The [proposed] bank is a limited purpose bank. |
There has been quite a bit of interest and that's why we want to hold these hearings. |
They've got a good cushion of capital there. |