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Community Bank Chief Sees Opportunity In Regulatory Burdens
Wednesday, July 1, 2015 - 10:29am | 333The head of a middling New Jersey community bank hopes the wave of new financial industry rules might drive his smaller competitors into mergers. "I never complain about the regulatory environment," Kevin Cummings, chief executive of Investors Bancorp, Inc. (NASDAQ: ISBC) told Benzinga. "I look...
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Big Bank Failure Rules Postponed by FDIC
Monday, September 27, 2010 - 2:13pm | 119The Federal Deposit Insurance Corporation postponed its decision on approving a rule that would study failures of mega-banks so that its bankruptcy doesn't affect the markets. The rule based on the Dodd-Frank Act was expected to be adopted, but instead the agency decided to discuss a proposal on...