Of Interest

Monitor Releases 2012 Fall Conference Issue

The Monitor has released its 23rd annual fall conference issue. You don't want to miss our exclusive interviews with Steve Hudson and Brad Nullmeyer of Element Financial and Ed Dahlka, president of Cole Taylor Equipment Finance. read more

Citi Said to Have Ousted Pandit After Setbacks

Bloomberg reported that Citigroup directors ousted CEO Vikram Pandit after concluding his mismanagement of operations caused setbacks with regulators and cost creditability with investors. read more

Businesses Not Realizing Potential of Cross-Border M&A

Global businesses are not realizing the full potential of cross-border M&A as a means of driving growth due to weaknesses in the deal process, according to a study published by global law firm Eversheds. read more

House Panel Starts Reviewing Fed Documents on LIBOR

Bloomberg reported that a U.S. House subcommittee received more than 5,000 pages of documents it requested on the Federal Reserve Bank of New York’s communications on how the LIBOR was set. read more

Cole Taylor EF Selects Odessa's LeaseWave Software

Cole Taylor Equipment Finance has selected LeaseWave lease and loan management software by Odessa Technologies to automate and administer its front office and back office processes. read more

NYT: Questions From a Bailout Eyewitness

A New York Times article by Gretchen Morgenson says that in a new book by Sheila C. Bair, the former FDIC chair notes that in the fall of 2008 "many financial regulators were desperate to make anyone but those who created the crisis pay for its devastation." read more

Fed Should Push to Cut Biggest Banks Down to Size

Bloomberg notes in a recent article that during a speech, Daniel Tarullo, a governor of the Fed, spoke about potentially imposing a size cap on the largest banks. read more

LeaseTeam, eOriginal Partner to Improve Contract Security

LeaseTeam and eOriginal said they have partnered to provide electronic signature and transaction management capabilities within LeaseTeam's ASPIRE solution. read more

Not All Jurisdictions Ready for Basel III Start Date

The Basel Committee on Banking Supervision reported that not all jurisdictions are prepared to implement Basel III on the globally agreed upon start date of January 1, 2013. read more

PE Equity YTD Funds Raising Tops FY 2011

According to Dow Jones LP Source, private equity funds in the U.S. raised nearly as much capital in the first three quarters of 2012 as during the entire 2011 calendar year. read more

NYT: The Woman who Took the Fall for JPMorgan Chase

The New York Times published an in-depth article about Ina Drew, JPMorgan Chase’s chief investment officer who retired her post after her unit's trading loss that led her to become "the public face attached to a $6 billion mistake." read more

LIBOR Scandal: Geithner Under Fire For ‘Complacency’

FOX Business Network reported that Senators Chuck Grassley and Mark Kirk are launching an investigation into Treasury Secretary Timothy Geithner’s “complacency” surrounding the LIBOR scandal. read more

CFO: Basel III Rules Could Curb Corporate Credit

CFO said that rules on liquidity levels set by the Basel III framework for bank capital could curtail banks’ appetite for underwriting lines of credit for companies, citing a report from CreditSights. read more

Fed Tries Mortgage Bonds to Boost Housing Sector

According to the minutes of the September 12-13 FOMC meeting, most members agreed that purchasing mortgage-backed securities at about $40 billion per month could more directly support the housing sector than purchasing Treasury securities. read more

No Joy on Wall Street Despite Big Bank Earnings

Bloomberg notes in an article on big bank profits that despite earning more than they had since the peak in 2006, the six largest lenders have been unable to enjoy the joys of profit. read more

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Terry Mulreany
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Susie Angelucci
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