Securitization and Bank Intermediation Function
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Former Westernbank Chiefs Seek to Toss $176M FDIC Suit - Law360
Former Westernbank Chiefs Seek To Toss $176M FDIC Suit - Law360 http://www.law360.com/banking/articles/329418/former-westernbank-chi... Advanced Search (/advanced_search) News, cases, companies, firms Search (#) (/subscribe) News Sections (#AllSections) Alerting Tools (#Tools) Jobs (/jobs/seeker) [email protected] Former Westernbank Chiefs Seek To Toss $176M FDIC Suit Got an idea for a story? Email [email protected] By Jamie Santo Share us on: (mailto:[email protected]). (/articles/329418 Got the inside scoop but Law360, New York (April 12, 2012, 8:06 PM ET) -- prefer to stay out of the spotlight? /print?section=banking) Executives and directors of the now-defunct Westernbank (/articles/329418 Email [email protected] Puerto Rico asked a federal judge Wednesday to dismiss (mailto:[email protected]). /share?section=banking) a $176 million Federal Deposit Insurance Corp (/agencies (/about /rights_and_reprints?article_id=329418) /federal-deposit-insurance-corp). suit accusing the group Banking of gross negligence in its handling of loans prior to the (/about/editorial_contacts) CFPB Tells 3rd Circ. Home Loan Rescission Documents bank's closure in 2010. Suits Valid (/banking/articles/330539/cfpb- tells-3rd-circ-home-loan-rescission-suits- Dismiss valid) (http://articles.law360.s3.amazonaws.com In a motion filed in the U.S.district court in Puerto Rico, the Case Information The Consumer Financial Protection Bureau on Friday six former Westernbank executives and directors argue urged the Third Circuit to allow more flexibility for loan Case Title recipients who have allegedly legally rescinded home loans to pursue legal action against lenders who fail to that the FDIC (/agencies/federal-deposit-insurance- W Holding Company, Inc. -
U.S. SBA Office of Advocacy--Small and Micro Business Lending For
Office of Advocacy www.sba.gov/advo Advocacy: the voice of small business in government Small Business and Micro Business Lending in the United States for Data Years 2008-2009 Office of Advocacy U.S. Small Business Administration December 2010 Created by Congress in 1976, the Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. Appointed by the President and confirmed by the U.S. Senate, the Chief Counsel for Advocacy directs the office. The Chief Counsel advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. Economic research, policy analyses, and small business outreach help identify issues of concern. Regional Advocates and an office in Washington, D.C., support the Chief Counsel’s efforts. For more information on the Office of Advocacy, visit www.sba.gov/advo or call (202) 205-6533. Receive email notices of new Office of Advocacy information by signing up on Advocacy’s Listservs at http://web.sba.gov/list. þ ADVOCACY NEWSLETTER þ ADVOCACY PRESS þ ADVOCACY REGULATORY NEWS þ ADVOCACY RESEARCH Foreword This edition of the Office of Advocacy’s annual study of lending to small and micro businesses by most depository institutions in the United States continues the expanded coverage of previous editions. In addition to banks, other depository institutions such as federal and state savings banks and savings and loan associations are included. Geographic coverage includes the United States and its territories. The two types of data used in this study are based on reports made by depository institutions to their respective regulating agencies—Call Reports for June 2009 and Community Reinvestment Act (CRA) reports for 2008. -
451 NYSE-Listed Non-US Issuers from 47 Countries
451 NYSE-listed non-U.S. Issuers from 47 Countries (as of December 29, 2006) Share Country Issuer (based on jurisdiction of incorporation) † Symbol Industry Listed Type IPO ARGENTINA (11 DR Issuers ) Banco Macro S.A. BMA Banking 3/24/06 A IPO BBVA Banco Francés S.A. BFR Banking 11/24/93 A IPO IRSA-Inversiones y Representaciones, S.A. IRS Real Estate Development 12/20/94 G IPO MetroGas, S.A. MGS Gas Distribution 11/17/94 A IPO Nortel Inversora S.A. NTL Telecommunications 6/17/97 A IPO Petrobras Energía Participaciones S.A. PZE Holding Co./Oil/Gas Refining 1/26/00 A Quilmes Industrial (QUINSA) S.A. LQU Holding Co./Beer Production 3/28/96 A IPO Telecom Argentina S.A. TEO Telecommunications 12/9/94 A Telefónica de Argentina, S.A. TAR Telecommunications 3/8/94 A Transportadora de Gas del Sur, S.A. TGS Gas Transportation 11/17/94 A YPF Sociedad Anónima YPF Oil/Gas Exploration 6/29/93 A IPO AUSTRALIA (8 ADR Issuers ) Alumina Limited AWC Diversified Minerals 1/2/90 A Australia and New Zealand Banking Group Limited ANZ Banking/Financial Services 12/6/94 A BHP Billiton Limited BHP Mining/Exploration/Production 5/28/87 A IPO James Hardie Industries N.V. JHX International Bldg. Materials 10/22/01 A National Australia Bank Limited NAB Banking 6/24/88 A Rinker Group Limited (Rinker) RIN Heavy Building Materials Mfg. 10/28/03 A Telstra Corporation Limited TLS Telecommunications 11/17/97 A IPO Westpac Banking Corporation WBK Banking 3/17/89 A IPO AUSTRIA (1 ADR Issuer ) Telekom Austria AG TKA Telecommunications 11/21/00 A IPO BAHAMAS (3 non-ADR Issuers ) Teekay LNG Partners L.P. -
460 NYSE Non-U.S. Listed Issuers from 47 Countries (December 28, 2004)
460 NYSE Non-U.S. Listed Issuers from 47 Countries (December 28, 2004) Share Country Issuer (based on jurisdiction of incorporation) † Symbol Industry Listed Type IPO ARGENTINA (10 DR Issuers ) BBVA Banco Francés S.A. BFR Banking 11/24/93 A IPO IRSA-Inversiones y Representaciones, S.A. IRS Real Estate Development 12/20/94 G IPO MetroGas, S.A. MGS Gas Distribution 11/17/94 A IPO Nortel Inversora S.A. NTL Telecommunications 6/17/97 A IPO Petrobras Energía Participaciones S.A. PZE Holding Co./Oil/Gas Refining 1/26/00 A Quilmes Industrial (QUINSA) S.A. LQU Holding Co./Beer Production 3/28/96 A IPO Telecom Argentina S.A. TEO Telecommunications 12/9/94 A Telefónica de Argentina, S.A. TAR Telecommunications 3/8/94 A Transportadora de Gas del Sur, S.A. TGS Gas Transportation 11/17/94 A YPF Sociedad Anónima YPF Oil/Gas Exploration 6/29/93 A IPO AUSTRALIA (10 ADR Issuers ) Alumina Limited AWC Diversified Minerals 1/2/90 A Australia and New Zealand Banking Group Limited ANZ Banking/Financial Services 12/6/94 A BHP Billiton Limited BHP Mining/Exploration/Production 5/28/87 A IPO Coles Myer Ltd. CM Retail Operations 10/31/88 A James Hardie Industries N.V. JHX International Bldg. Materials 10/22/01 A National Australia Bank Limited NAB Banking 6/24/88 A Rinker Group Limited (Rinker) RIN Heavy Building Materials Mfg. 10/28/03 A Telstra Corporation Limited TLS Telecommunications 11/17/97 A IPO Westpac Banking Corporation WBK Banking 3/17/89 A IPO WMC Resources Ltd WMC Minerals Development/Prod. -
Circular 11492: Circularlist
RELATIONSHI RELATIONSHI RELATIONS RELATIONSHIP INSTITUTION RSDD # P SPECIALIST P SPECIALIST HIP MANAGER MANAGER PHONE 1ST CONSTITUTION BANCORP 2784920 YOGESH DALAL 212-720-2253 JOHN ANELLO 212-720-2878 473 BROADWAY HOLDING CORPORATION 1035157 ROLAND GERRARD 212-720-2450 JOHN ANELLO 212-720-2878 AAREAL BANK AG 3123432 STEPHANIE MARTIN 212-720-1418 BERNARD JACOBS 212-720-5890 ABBEY NATIONAL TREASURY SERVICES PLC 3041385 LARRY ROSTOKER 212-720-2513 RALPH SANTASIERO 212-720-2557 ABN AMRO BANK N.V. 25012 LARRY ROSTOKER 212-720-2513 RALPH SANTASIERO 212-720-2557 ABN AMRO BANK N.V. - JERSEY CITY REP OFFICE 3158603 LARRY ROSTOKER 212-720-2513 RALPH SANTASIERO 212-720-2557 ABSA BANK LTD. 2291996 COSMO DEBARI 212-720-2405 JANET DUNLOP 212-720-2227 ADIRONDACK BANCORP, INC. 2467474 YOGESH DALAL 212-720-2253 JOHN ANELLO 212-720-2878 ADIRONDACK TRUST COMPANY 645317 ROLAND GERRARD 212-720-2450 JOHN ANELLO 212-720-2878 AGRICULTURAL BANK OF CHINA 2625126 FRANK PAINE 212-720-2650 DENNIS HERBST 212-720-2258 ALDEN STATE BANK 414102 FRED FINKELBERG 212-720-2157 JOHN ANELLO 212-720-2878 ALLGEMEINE HYPOTHEKENBANK RHEINBODEN AG 3128624 RAY CASTRO 212-720-2301 BERNARD JACOBS 212-720-5890 ALLIANCE FINANCIAL CORPORATION 1140510 YOGESH DALAL 212-720-2253 JOHN ANELLO 212-720-2878 ALLIED IRISH BANKS, LTD. 3403 PETER SCHNEIDER 212-720-2215 RALPH SANTASIERO 212-720-2557 AMBOY BANCORPORATION 2611718 JEROME KOTCH 212-720-2236 JOHN ANELLO 212-720-2878 AMERICAN EXPRESS BANK INTERNATIONAL 727576 SCHUYLER MACGUIRE 212-720-2544 WILLIAM BRODOWS 212-720-2508 AMERICAN EXPRESS -
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Case 3:11-cv-02271-GAG-BJM Document 304 Filed 10/23/12 Page 1 of 19 1 IN THE UNITED STATES DISTRICT COURT 2 FOR THE DISTRICT OF PUERTO RICO 3 4 5 W HOLDING CO., INC., et al, 6 7 Plaintiffs, 8 9 v. Civil No. 11-2271 (GAG) 10 11 CHARTIS INSUR. CO.-PUERTO RICO, 12 et al, 13 14 Defendants. 15 16 OPINION AND ORDER 17 This case stands in a long line of claims brought by the Federal Deposit Insurance 18 Corporation (“FDIC”) against directors and officers of banks throughout the United States. To date, 19 the FDIC has filed thirty-three such suits in its capacity as a receiver. In sum, the FDIC became 20 Westernbank’s receiver on April 30, 2010. W Holding Company (“W Holding”) owned all 21 outstanding shares of Westernbank’s corporate stock when the FDIC assumed receivership. (Docket 22 No. 182, ¶ 1.) The FDIC alleges Westernbank’s directors and officers (“D&O’s”) irresponsibly 23 governed Westernbank’s loan approvals, thereby violating several Puerto Rico and federal laws. 24 The D&O’s purchased liability insurance from Chartis Insurance Company of Puerto Rico 25 (“Chartis”). When the FDIC took over as receiver, the D&O’s sought coverage under their Chartis 26 policy, and Chartis denied the D&Os’ requests. W Holding and the D&O’s brought suit to enforce 27 the agreement. (See Docket No. 26-1.) The FDIC intervened, levying various claims against several 28 D&O’s, their conjugal partnerships, and trustees for negligence, breach of fiduciary duties, Case 3:11-cv-02271-GAG-BJM Document 304 Filed 10/23/12 Page 2 of 19 Civil No. -
412 NYSE and Arca-Listed Non-U.S. Issuers from 45 Countries (As of December 31, 2008) Share Country Issuer † Symbol Industry Listed Type IPO
412 NYSE and Arca-listed non-U.S. Issuers from 45 Countries (as of December 31, 2008) Share Country Issuer † Symbol Industry Listed Type IPO ARGENTINA (11 DR Issuers ) Banco Macro S.A. BMA Banking 3/24/06 A IPO BBVA Banco Francés S.A. BFR Banking 11/24/93 A IPO Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) EDN Electricity Distribution 4/26/07 A IPO IRSA-Inversiones y Representaciones, S.A. IRS Real Estate Development 12/20/94 G IPO MetroGas, S.A. MGS Gas Distribution 11/17/94 A IPO Nortel Inversora S.A. NTL Telecommunications 6/17/97 A IPO Petrobras Energía Participaciones S.A. PZE Holding Co./Oil/Gas Refining 1/26/00 A Telecom Argentina S.A. TEO Telecommunications 12/9/94 A Telefónica de Argentina, S.A. TAR Telecommunications 3/8/94 A Transportadora de Gas del Sur, S.A. TGS Gas Transportation 11/17/94 A YPF Sociedad Anónima YPF Oil/Gas Exploration 6/29/93 A IPO AUSTRALIA (5 ADR Issuers ) Alumina Limited AWC Diversified Minerals 1/2/90 A BHP Billiton Limited BHP Mining/Exploration/Production 5/28/87 A IPO James Hardie Industries N.V. JHX International Bldg. Materials 10/22/01 A Sims Group Limited SMS Metals Recycling 3/17/08 A Westpac Banking Corporation WBK Banking 3/17/89 A IPO BAHAMAS (4 non-ADR Issuers ) Teekay LNG Partners L.P. TGP Liquified Natural Gas Transp. 5/505 O IPO Teekay Offshore Partners L.P. TOO Marine Transportation & Storage Svcs. 12/14/06 O IPO Teekay Corporation TK Crude Oil/Petroleum Transportation 7/20/95 O IPO Teekay Tankers Ltd. -
Volume to Index 85
December 1999 A77 Index to Volume 85 GUIDE TO PAGE REFERENCES IN MONTHLY ISSUES Issue Text "A" Pages Issue Text "A" pages Index to Index to tables tables January 1- 80 1-76 66 July 459-528 1-78 66 February 81-146 1-90 76 August 529-598 1-86 76 March 147-216 1-78 64 September 599-654 1-92 80 April 217-286 1-78 64 October 655-708 1-78 66 May 287-368 1-90 76 November 709-784 1-88 76 June 369-458 1-82 64 December 785-838 1-94 64 The "A" pages consist of statistical tables and reference information. Statistical tables are indexed separately (see p. A64 of this issue). Pages Pages IstSource Community Development Resource Guide, Bank Holding Company Act of 1956—Continued web site Applications approved under—Continued 1st State Bancorp, Inc 453 ADAIRSVILLE Bancshares, Inc 112, 145 1st State Bank Foundation, Inc 453 Adams, Donald, appointed Senior Adviser, International A.B. Bancshares of Delaware, Inc 590 Finance 331 A.B. Bancshares, Inc 590 Agreement corporation 601 ABN AMRO Bank, N.V., Amsterdam, Ahn, John H., enforcement action, 1996 216 The Netherlands 780 Alexander, Lewis S., Deputy Director, Division of International ABN AMRO Holding, N.V., Amsterdam, Finance, resignation 732 The Netherlands 780 Allison, Theodore E., Assistant to the Board, Federal Reserve Ace Gas, Inc 211 System Affairs, Office of Board Members, retirement 331 ACNB Corporation 134 Ambroseno, Laura F., articles 396-400, 616-20 Adbanc, Inc 211 Annual Report, 85th, 1998 491 AEA Bankshares, Inc 134 Annual Report, Budget Review, 1999 491 Alabama National Bancorporation 134 -
Potential Companies in Puerto Rico
Potential Companies in Puerto Rico How to use this list Possible Donation Company Name Market Revenue/Year Type Pharmaceutical/ Abbott Monetary >1000M Biotechnology Pharmaceutical/ Abraxis BioSciences Monetary >100M Biotechnology Advanced Graphic Printing (AGP) Monetary Commercial printing 10-20M Construction materials AGN Enterprises Inc. Supplies 10-20M supplier Agricultural products Agro Servicios Inc. Supplies 10-20M distributor Agustín Lugo Inc. Monetary Auto dealer 20-30M Aluminum window & door Air Master Windows & Doors (Air MasterMonetary Awning Inc.) 40-50M manufacturer Aireko Enterprises Services General contractor 90-100M Alberic Colón Auto Sales Inc. Monetary Auto dealer 40-50M Alberic Colón Dodge Chrysler Jeep Monetary Auto dealer 40-50M All Engineering Services Corp. Monetary Real-estate developer 20-30M Structural steel & storage Alonso & Carus Iron Works Inc. Supplies 10-20M tank fabricator Structural steel American Agencies Co. Supplies 20-30M manufacturer & distributor American Paper Corp. Monetary Paper products wholesaler 30-40M Petroleum products American Petroleum Co. Monetary >100M distributor Pharmaceutical/ Amgen Monetary >1000M Biotechnology Andrés Reyes Burgos Inc. Monetary Waste disposal services 10-20M Anglo-Puerto Rican Insurance Corp.Monetary General insurance agency 10-20M Vehicle liability insurance Asociación de Suscripción del SeguroMonetary de Responsabilidad Obligatorio >100M company Pharmaceutical/ AstraZeneca Monetary >1000M Biotechnology Construction materials Atlantic Pipe Corp. Supplies 20-30M manufacturer & distributor Roofing & waterproofing Atlas Roofing Contractors Inc. Monetary 10-20M contractor Auto Grupo 65 Monetary Auto dealer >100M Auto Nuevo Inc. Monetary Auto dealer 70-80M Auto Store Group Monetary Auto dealer 30-40M AutoKirei Inc. Monetary Auto dealer 60-70M Autos Vega Inc. Monetary Auto dealer 30-40M Autosummit Inc. Monetary Auto dealer Pharmaceutical/ B. -
Annual Report
POPULAR, INC. 2013 Annual Report CONTENTS/ÍNDICE 1 Popular, Inc. Year in Review 3 Fast Facts 5 Our Values 6 Puerto Rico in the Face of Change 8 Key Drivers Behind Solid Performance 9 Succeeding in a Challenging Regulatory Environment 10 A Transformative 2013 Supported by a Robust Infrastructure 11 Popular, Inc. Management 12 25-Year Historical Financial Summary 14 Our Creed/Our People 15 Popular, Inc. – Resumen del Año 17 Cifras a la Mano 19 Nuestros Valores 20 Puerto Rico de Cara al Cambio 22 Impulsores Claves de un Desempeño Sólido 23 Éxito en un Ambiente Legal y Regulatorio Desafiante 24 Un 2013 Transformador Apoyado por una Infraestructura Robusta 25 Popular, Inc. Gerencia 26 Resumen Financiero Histórico – 25 Años 28 Nuestro Credo/Nuestra Gente Popular, Inc. (NASDAQ:BPOP) is a full-service, financial provider based in Puerto Rico with operations in Puerto Rico and the United States. In Puerto Rico, Popular is the leading banking institution by both assets and deposits and ranks among the largest 40 banks in the U.S. by assets. With 180 branches in Puerto Rico and the Virgin Islands, Popular offers retail and commercial banking services, as well as auto and equipment leasing and financing, mortgage loans, insurance, investment banking and broker-dealer services. In the United States, Popular has established a community-banking franchise, doing business as Popular Community Bank, providing a broad range of financial services and products with branches in New York, New Jersey, Illinois, Florida and California. Popular, Inc. (NASDAQ: BPOP) es un proveedor financiero de servicio completo con sede en Puerto Rico y operaciones en Puerto Rico y los Estados Unidos. -
Financial Reporting Disclosure on the Internet: an International Perspective
FINANCIAL REPORTING DISCLOSURE ON THE INTERNET: AN INTERNATIONAL PERSPECTIVE Submitted by Tehmina Khan BCom, Melbourne University MBus (Accounting) Victoria University A thesis submitted in fulfilment of the requirements for the degree of Doctor of Philosophy Faculty of Business and Law School of Accounting Victoria University Footscray Park, Victoria, Australia November 2006 DECLARATION I, Tehmina Khan, declare that the PhD thesis entitled Financial Reporting Disclosure on the Internet: An International Perspective is no more than 100,000 words in length, exclusive of tables, figures, appendices, references and footnotes. This thesis contains no material that has been submitted previously, in whole or in part, for the award of any other academic degree or diploma. Except where otherwise indicated, this thesis is my own work. [This thesis may be available for loan and limited copying in accordance with the Australian Copyright Act 1968]. ----------------------------------- ------------------- Tehmina Khan Date ii ACKNOWLEDGEMENTS I would like to start by giving my thanks to Allah Almighty for giving me the strength and courage to reach this stage. I would also like to extend my respect to Prophet Muhammad, peace be upon him. I would like to acknowledge the people who provided me with guidance and support to complete this very important part of my career. My first and foremost gratitude goes to my principal supervisor Dr. Robert Clift, for his extremely valuable feedback and timely counsel. I am also thankful to Dr. Stella Sofocleous for all her beneficial advice. I am grateful to Dr. Victoria Wise for all the assistance and encouragement. Thanks are also due to the School of Accounting and Finance. -
Bank D&O Liability: FDIC Litigation Update
Presenting a live 90-minute webinar with interactive Q&A Bank D&O Liability: FDIC Litigation Update Leveraging Developments in Standards of Liability, Statute of Limitations and Adverse Domination, Discovery, Insurance Coverage, and ESI THURSDAY, OCTOBER 9, 2014 1pm Eastern | 12pm Central | 11am Mountain | 10am Pacific Today’s faculty features: Mary C. Gill, Partner, Alston & Bird, Atlanta Steven C. Morrison, Counsel, Professional Liability/Financial Crimes Group, FDIC, Jacksonville, Fla. Kirsten C. Jackson, Kasowitz Benson Torres & Friedman, Los Angeles The audio portion of the conference may be accessed via the telephone or by using your computer's speakers. Please refer to the instructions emailed to registrants for additional information. If you have any questions, please contact Customer Service at 1-800-926-7926 ext. 10. F.D.I.C. v. Skow, 741 F.3d 1342 (2013) 24 Fla. L. Weekly Fed. C 885 officers seeking to recover losses that bank suffered as result of defendants' alleged negligent 741 F.3d 1342 conduct, certification of question to Georgia United States Court of Appeals, Supreme Court was warranted, as to whether Eleventh Circuit. bank director or officer violated standard of care FEDERAL DEPOSIT INSURANCE when he acted in good faith but failed to act CORPORATION, as receiver for Integrity Bank with “ordinary diligence,” since question was determinative of case and no clear controlling of Alpharetta, Georgia, Plaintiff–Appellant, precedent from Supreme Court of Georgia v. existed. West's Ga.Code Ann. §§ 7–1–490(a), Steven M. SKOW, Alan K. Arnold, 15–2–9, 51–1–2. et al., Defendants–Appellees. Cases that cite this headnote No.