MEPS sees 15% growth in transactions Nov 6, 2009
As a member bank, Al Rajhi will also collaborate with MEPS to form strategic partnerships in Gulf Cooperation Council (GCC) countries. We are confident that MEPS and its member banks will soon provide Malaysians travellers in the said countries, access to their funds via the ATM, he said. (The Star Online, Malaysia -- Business)
FHLB Dallas and Liberty Bank of Arkansas Award HELP Grant to First-time Homebuyer Oct 21, 2009
Ms. Gengler contacted Liberty Bank of Arkansas, a member bank of FHLB Dallas, and qualified for a HELP grant. "The grant significantly helped me purchase my home," said Ms. Gengler. (Primezone Releases)
Daylight Resources Trust Announces Closing of Highpine Acquisition and Sets Q4 2009 Distributions Oct 9, 2009
Daylight has also expanded our credit facilities to $500 million with the unanimous support of our nine member bank syndicate and upon closing approximately $250 million is drawn against these credit facilities. Cash Distributions. (CCNMatthews Press Releases)
CME Is Said to Be in Talks With Goldman, Morgan Stanley on Swaps Clearing Sep 19, 2009
ICE Trust last week said it will make it easier for bank customers to access its clearinghouse starting next month, offering hedge funds and swaps investors direct access by trading through a member bank without the fund needing a prior written credit agreement with its trading partner that were created by the. To contact the reporter on this story: in New York at ; in New York at. (Bloomberg -- US)
Derivatives firms agree to new limits Sep 9, 2009
ICE will offer the funds access to its ICE Trust clearinghouse by trading through a member bank without the fund needing a prior written credit agreement with its trading partner - what s known as a master agreement created by the International Swaps and Derivatives Association. The banks said they will submit monthly reports showing the number of trades that were eligible for clearing, submitted for clearing and actually cleared, so that regulators can track progress. (Boston Globe)
Govt sees lower tax collection on weaker export demand Jul 16, 2009
Online Payroll offers services catering for various payroll needs, including salary crediting for employees with EON Bank accounts or MEPS member bank accounts through interbank transfer. The new service will allow businesses and companies to make statutory payments for the IRB and Employees Provident Fund through EON Banks Internet banking service, said group consumer banking head Michael Lor. (The Star Online, Malaysia -- Business)
Sun American Bancorp Reports First Quarter 2009 Results May 1, 2009
Based in Boca Raton, Florida, Sun American Bancorp is the single-bank holding company of Sun American Bank, a state-chartered, federal member bank engaged in a general commercial and consumer banking business. Sun American Bank operates 14 offices in Miami, Broward, Palm Beach and Martin Counties in Southeast Florida. (Primezone Releases)
4 Lessons learned from SET - Visa takes another stab at PKI Apr 6, 2009
The idea was that SETCo would issue certificates to participating members, including Visa and MasterCard, which would in turn issue certificates to their member banks ... 3-D Secure gives member banks choices in what they want to deliver to cardholders ... There again, it is up to a member bank to choose which products it wants to use. (eSecurityPlanet)
Higher fees for us, low ratings for Corzine Mar 27, 2009
The Glass Steagall Act addressed that concern in a very broad way: Section 16 restricted commercial national banks from engaging in most investment banking, Section 20 prohibited any member bank from affiliating in specific ways with an investment bank, Section 21 restricted investment banks from engaging in any commercial banking, and Section 32 prohibited investment bank directors, officers, employees or principals from serving in those capacities at a commercial member bank of the Federal... (NJ.com -- Times)
