American Banker ©     Coverage   Help   Search Westlaw   Date: November 23, 2009November 20, 2009November 19, 2009November 18, 2009November 17, 2009November 16, 2009November 13, 2009November 12, 2009November 11, 2009November 10, 2009November 9, 2009   Section: Front Page, A SectionFront Page, Any SectionAllLegal NewsAntitrustBankruptcyE-CommerceEnvironmental LawEstate Planning and ProbateHealth & MedicineIntellectual PropertyLabor & EmploymentLitigationMergers & Acquisitions 2010 Outlook Upbeat, But Some See Crisis Lingering PARIS - The global recession hasreshaped key aspects of the payment card industry, executives participatingin a roundtable discussion here said, butmost of the panelists said the worst of the economic downturn is past and that thereis some room for c.... JPM Chase to Scrap Arbitration JPMorgan Chase & Co. has become the second major credit card issuer to abandon mandatory arbitration, dealing another blow to the once-common industry practice. The nation's largest issuer said Friday that it will remove the arbitration clauses from .... Caution Pays Dividends For Malaga When it comes to pristine loan portfolios, Malaga Financial Corp. in Palos Verdes Estates, Calif., is among the truly elite. It had zero nonperforming loans at the end of the third quarter, a distinction shared by only 6.5% of banks and thrifts natio.... Bank of Fla. Stock Offering Postponed Bank of Florida Corp. in Naples, which is under regulatory pressure to raise capital, has postponed a $135 million stock offering, saying market conditions have deteriorated. Michael L. McMullan, the $1.5 billion-asset company's president and chief e.... PremierWest Seeks to Raise $36M With its bank unit low on capital, PremierWest Bancorp in Medford, Ore., is planning to raise up to $36 million in a rights offering. The $1.7 billion-asset company has filed a shelf registration that would give stockholders nontransferable subscript.... 3 Banks May Bid on Their Warrants at Sale One of the three banking companies whose warrants are to be auctioned by the Treasury Department in the next month is interested in making a bid, and industry experts say the others are probably exploring the option as well. Jason Korstange, a spokes.... Hearing Set on Bernanke Renomination Federal Reserve Board Chairman Ben Bernanke's nomination to lead the central bank for another four years will be considered by the Senate Banking Committee on Dec. 3, Sen. Chris Dodd, the panel's chairman, said Friday. Though the Senate is ultimately.... Failure in Florida Lifts Total to 124 Regulators closed Commerce Bank of Southwest Florida Friday, the Sunshine State's third failure in a week. The collapse of the $80 million-asset bank in Fort Myers was the industry's 124th failure this year. The Federal Deposit Insurance Corp. sold C.... Reverse Mortgage Popularity Falls on Home Price Woes Once booming, home equity conversion mortgages have begun a slowdown that could continue until home prices stabilize. In the year ended Sept. 30, mortgage lenders funded 114,692 reverse mortgages under the Federal Housing Administration's HECM progra.... Multiple Charters Under More Pressure The decentralized banking model, which has been losing favor for years, may be killed off by regulatory reform. Leaving decisions to local executives who knew their markets, the thinking went, would allow big lenders to be nimble and small ones to gr.... Safe Deposit A New Play In Payments Smart safes, offering merchants deposit credit for cash that has not even left the store, are helping banks crack new markets. These safes, which are linked to banks' networks and keep track of how much money has been deposited, have become an import.... Tesco to Use Fiserve's Banking Core Tesco PLC, the U.K.'s largest retailer, has agreed to use a core banking application from Fiserv Inc. in its retail banking unit. Fiserv, of Brookfield, Wis., said Friday that Tesco Personal Finance PLC would implement its Signature processing platfo.... Fla. Bank Returning to Jack Henry Core First National Bank of Florida in Milton has agreed to use core banking technology fromJack Henry & Associates Inc., again. The Monett, Mo., banking technology vendor said First National will shift to its hosted SilverLake core processing software. F.... Reform Heads Backward Dodd to start over; Frank seeks to save Fed WASHINGTON - It was supposed to be the week the House Financial Services Committee passed a key part of regulatory reform and the Senate Banking Committee finally began moving forward on its ambitious overhaul plan. Instead, it was the week that regu.... WASHINGTON PEOPLE Paul Finds Traction Regardless of whether Congress ultimately passes Rep. Ron Paul's measure to open the Federal Reserve's books to an audit, the Texas Republican wins the award for legislative tenacity. Before last week's head-turning passage of Pau.... New York Life to Revamp Approach to Wholesaling New York Life Insurance Co. is changing its wholesaling model, citing distributors' desires and the opportunity to increase its sales of investment, annuity and guaranteed-income products. Starting in January, the company's wholesaler force will be o.... © 2009 West, a Thomson business Westlaw Integration Solutions  /  Westlaw.com