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Wire and ACH Revamps
Read BankNews e-Digest Online 

March 7, 2012

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Wire and ACH Revamps

By Louis Blatt 

There are 29 million small businesses operating in the United States, according to a recent Markets and Market's report. These businesses provide a steady stream of regular income to the financial institutions that serve them. Banks that are able to successfully target small businesses have enjoyed higher net interest margin and greater return on assets than average, at a time when larger multi-nationals are retrenching and battening down the hatches. Read more>>  

 

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Credit Managers' Index Suggests Robust Future for the Economy

The Credit Managers' Index is now sitting at 55.8, rising a full percentage point above January's reading. The index is at its highest since April 2011, a time when most indicators were pointing to a pretty solid year. It is worth noting that last year was also affected by an oil shock at about this point and a back-sliding economy in the months that followed. However, readings from this month are solid in key categories providing some confidence regarding what happens from this point. Read more>>
Bank Madness on Wall Street
Bank MadnessMike Mayo, veteran bank analyst and author of "Exile On Wall Street," talks with Steve Forbes about fixing the way big banks do business.

Click here
to view the discussion.
One-Year Countdown to All-Electronic Social Security Payments Begins
Treasurer of the United States Rosie Rios has started an official countdown clock, marking one year until the March 1, 2013, deadline when all federal benefit recipients must receive their Social Security and other federal benefit payments electronically. Treasurer Rios urged remaining paper check recipients to switch now and help taxpayers save $1 billion over 10 years. Read more>>
BankNews Introduces Mobile App for iPhones and iPads
BankNews appBankNews, the leading independent magazine for community banks, has introduced a free mobile app for iPhones and iPads. BankNews' new app features web and email links, and the ability to direct dial phone numbers on the iPhone. The app is free in the App Store. Click on the icon on the right.
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Washington Federal to Sell Two El Paso, Texas Branches

Washington Federal Inc., parent company of Washington Federal, Seattle, has entered into a definitive agreement to sell its two branches in El Paso, Texas, to Pioneer Bank of Roswell, N.M. The agreement calls for the approximately $20 million of deposits and the bank premises to be sold. No loans are included in this transaction. This transaction is subject to regulatory approval. Read more>>
eBook Bank Directories Available for California, New England and Texas
BankNews Media, one of the nation's leading publishers of bank directories, has introduced three directories as ebooks, which are readable on iPhones/iPads and other devices with ebook/epub capability. Now available are the California Banking Gold Book, New England Bank Directory and Texas Banking Red Book. To order or learn more, click here>>.
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