Senate wants banking overhaul Nov 11, 2009
"Rather than simply going after the unregulated bad actors that created the Wall Street meltdown, this proposal would impose extensive new regulatory burdens on those Main Street banks that had nothing to do with creating the financial crisis," he said. Brannen and others said the proposed regulations would have done little to stem the bank failures in Georgia, which they blame on the real estate meltdown, not a lack of regulations. (Atlanta Journal-Constitution -- Business)
National Australia Bank picks up 80% of the retail arm of GS JBWere - and gets an attractive client list.. Jul 30, 2009
While main street banks have a troubled history when it comes to owning full-service stockbrokers, the financial environment has changed substantially since last decade ... Previously the conservative bent of main street banks provided too much of a wet blanket for the sales-driven focus of stockbrokers. (Sydney Morning Herald -- Business)
Wall St., not Main St., caused credit woes Jul 29, 2009
At the heart of the financial crisis lie the complex, opaque derivative securities created not by traditional Main Street banks but by Wall Street, and with the passive complicity of regulators ... By contrast, consider how regulators treat Main Street banks compared with the way they deal with this highly connected investment bank: When M applied for regulatory approval to acquire a modest-size bank in Utica, N.Y., it took 10 weeks and a promise to divest three branches before permission was... (Atlanta Journal-Constitution -- Opinion)
US Fed wants more powers to be more effective Jul 27, 2009
"The populist backlash is aimed at Wall Street, not at the Main Street banks," said Rep. Ed Perlmutter, a Colorado Democrat who said he's not sure he would support a new agency. (The Star Online, Malaysia -- Business)
Georgia's community banks wait for piece of bailout pie Feb 11, 2009
All of that is going to sound good, and it s going to sound like the money s going to start flowing to the so-called Main Street banks, said Chambliss, a Republican, in an interview Tuesday. But the fact is, we ve heard that before. (Atlanta Journal-Constitution -- Business)
