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More than two years after entering Wichita, Great Plains Federal Credit Union is relocating its sole branch to a larger, more visible building.
The Financial Modernization Act of 1999, or Gramm-Leach-Bliley Act, was enacted 10 years ago this week with the expectation that it would create many financial services supermarkets — single companies that offered a combination of insurance, banking and securities products and services.
PRINCETON, N.J. —The president and CEO of the Federal Reserve Bank of New York said Friday that the financial world can learn from the economic crunch of the past two years and become stronger.
Mollie Hale Carter doesn't dislike bank acquisitions. She just wants to make sure that her $1.7 billion bank can get more growth from purchasing another bank than it could through growing without an acquisition.
Craig Anderson's new appointment at UMB Bank could eventually mean a change of residence for the Wichita bank executive, but not now.
A former employee of Bank of America's Wichita call center has filed a lawsuit against his former employer alleging he is owed unpaid wages.
NEW YORK — Inside the thick Goldman Sachs investment circular were the details of a secret, $2 billion deal channeled through a Caribbean tax haven.
CIT Group, the New York-based lender that filed for bankruptcy protection Sunday, has made a handful of loans totaling millions of dollars in the Wichita area in the past few years, according to a Small Business Administration official.
MANHATTAN — The head of the Federal Deposit Insurance Corp. on Monday said Congress needs to provide regulators greater tools to control the risky financial behavior that helped trigger the recession and to unwind major firms on the verge of collapse.
CHICAGO — With the number of bank closings above 100 this year for the first time since 1992, the head of the Federal Deposit Insurance Corp. says she's frustrated at perceptions that U.S. taxpayers are on the hook for the costs of those failures.
A state banking official said Friday that a House committee's passage of a bill that would create another regulator is "concerning."
Total bank deposits grew by nearly 7 percent in the Wichita area to more than $10.3 billion, according to the Federal Deposit Insurance Corp.' s 2009 Deposit Market Share Report.
WASHINGTON — The government unleashed efforts on two fronts Thursday to rein in outsized executive pay packages and limit the excessive risk-taking that fueled the financial crisis.
Wichita-area banks have paid the U.S. Treasury more than $1.5 million in interest payments as part of their participation in the Capital Purchase Program.
Bruce Schriefer was impressed with the reception he and 13 other bankers received last week at the first meeting of the Federal Deposit Insurance Corp.' s Advisory Committee on Community Banking.
OMAHA — For a second straight month, a survey of rural bankers in 11 Midwest and Plains states suggests economic conditions are improving but remain weak.
A Junction City bank with four branches in the Wichita area has entered into a formal agreement with its regulator, the Office of the Comptroller of the Currency.
Bank of America Corp. said late Thursday that the U.S. government's "pay czar," Kenneth Feinberg, suggested to outgoing CEO Kenneth Lewis that he should take no compensation for 2009.
The state's second-largest credit union will invest more than $2 million to expand its branch network by nearly 40 percent over the next year or so.
A late change to the federal Credit Card Act has cost local credit unions time and money, but relief for them might be on the way.
