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Tag Archives: Banking

Small banks decry crush, cost of Dodd-Frank regulations

Bob DeAlmeida

Formally known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, Dodd-Frank is a complex, far-reaching set of banking regulations — the most sweeping financial reforms since the Great Depression. Passed by Congress in July 2010 and named after its two main sponsors, former Sen. Christopher Dodd of Connecticut and former Rep. Barney Frank of Massachusetts, the law was aimed at preventing another recession like the one that battered consumers during the 2000s. But four years after being enacted and with the economy still on the rebound, many small, community banks say they are being unfairly hampered by the reforms.

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Fed: U.S. growth stays moderate during shutdown

WASHINGTON — A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November. The Fed said seven of its 12 banking districts ...

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Legg’s assets under management increase in October

On the strength of what it called “favorable markets,” Legg Mason Inc., of Baltimore, a global asset manager, reported assets under management in October rose to $669.9 billion, or 3.8 percent higher than the $645.6 billion that the company reported a year earlier.

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