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Tag Archives: maryland bankers association

Richmond Fed president: Uncertainty, the unknown are biggest economic risks

In this Oct. 24, 2017, photo, an employee wears his laboratory coat at his workstation at Lord Corporation, a manufacturer of industrial coatings, adhesives, bearings, and sensing equipment for range of commercial markets, including United States military contracts in Erie, Pa. Without white collar jobs, it becomes increasingly difficult for places to reinvent themselves at a moment when the global economy has prized brains over brawn. What can start as factory layoffs has snowballed into companies shifting their executive headquarters to cities with better airports, not just cheaper costs of doing business. (AP Photo/John Minchillo)

The biggest threats to the economy could be uncertainty and the unexpected, the president of the Federal Reserve Bank of Richmond told Maryland bankers Friday. Businesses just want to know the rules and that would be the best thing for ...

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Md. banks prepare for federal employees missing paychecks

(AP Photo/Winston-Salem Journal, David Rolfe, File)

Maryland financial institutions have mobilized to aid thousands of consumers who have been furloughed by the federal government and will begin missing paychecks this weekend. The partial government shutdown, now in its 18th day, has affected tens of thousands of ...

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No downturn imminent, economists tell Md. bankers

Anirban Basu, chairman and chief executive officer of Sage Policy Group. (The Daily Record/Maximilian Franz)

Despite increased volatility from the stock market during the past month, economic growth should be expected to continue following a strong 2018, financial leaders and economists said at the Maryland Bankers Association 12th Annual “First Friday” Economic Outlook Forum. While ...

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Md. banks keep an eye on potential Dodd-Frank changes

Kathleen M. Murphy, President and CEO of the Maryland Bankers Association. (Maximilian Franz/The Daily Record)

Bankers in Maryland remain watchful of efforts to repeal large portions of Dodd-Frank, the 2010 law created to impose tough regulations on the industry in the wake of the 2008 financial crisis. Earlier this month, the House of Representatives passed the ...

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Exploring ways to manage student loan debt and take out a mortgage

(Photo illustration by Maximilian Franz. Uses image by Feverpitch / Depositphotos.com)

The college class of 2017 likely graduated last month with more student debt than any class before them. As college costs rise, declining homeownership rates have been named a casualty of the rising student debt. But even when a graduate ...

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Trump administration brings hope, uncertainty for Md. financial services industry

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Photographer: BOB D’AMICO

The results of the 2016 presidential election ushered in a period of uncertainty as to what a Donald Trump administration will mean for the country. For the financial services sector, however, Trump’s election opened a door to potential regulatory relief. ...

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American Bankers Association to help employees pay off student loans

Kathleen M. Murphy, President and CEO of the Maryland Bankers Association. (Maximilian Franz/The Daily Record)

The average college student in the United States graduates with about $30,000 in student loan debt. In Maryland, the average debt is about $27,700, according to numbers from The Institute for College Access & Success. In an effort to relieve ...

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