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Tag Archives: Banking

Old Line Bancshares net income up

Old Line Bancshares Inc., of Bowie, the parent company of Old Line Bank, reported a profit of $1.8 million, or 16 cents per share,  for the quarter ending June 30, after showing a loss of $84,000, or 1 cent per ...

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Barclays, Goldman, Merrill fined $1 million each

The Financial Industry Regulatory Authority said Wednesday that it fined investment banks Barclays, Goldman Sachs and Merrill Lynch $1 million each for providing incomplete and inaccurate information about trades the companies conducted.

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Small banks decry crush, cost of Dodd-Frank regulations (access required)

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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