Bank lending stickler

Article Abstract:

Deputy comptroller for credit risk at the US Office of the Comptroller of the Currency (OCC) David Gibbons is at the heart of policy reforms which seeks to tighten controls on commercial lending. Gibbons believes that lax enforcement by banks of collateral or capital adequacy requirements from loaners have forced many of the systemic ills of the banking industry to surface. Gibbons believes that by imposing strict rules on collateral, both the banking and the general economy can benefit. OCC has jurisdiction over 2,549 banks which control 50% of the $6.1 tril bank assets in the US.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Business Financing, Officials and employees, Laws, regulations and rules, Banks (Finance), Economic policy, Loans, United States. Office of the Comptroller of the Currency, Gibbons, David

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Bank booster

Article Abstract:

J.C. Penney Company Inc has awarded underwriting slots to five commercial banks including BancAmerica Securities, BT Securities, Chase Securities, NationsBanc Capital Markets and Citicorp Securities to raise working capital and acquire Eckerd. The five banks helped J.C. Penney in the $6 bil bank facility that was established at the end of 1996 and are in the underwriting lineup for the commercial lending relationships that developed through the years.

Department Stores, Management, J.C. Penney Corporation Inc., JCP

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The Dutch door strategy

Article Abstract:

ABN Amro is selling itself as a global bank with a regional touch and observers view the move as a marketing move aimed at enticing companies to buy investment banking services. ABN Amro has successfully made itself into one of the biggest banks in the US but it remains to be seen if corporations are willing to by investment banking services from the bank that traditionally provides cash management services in the US market.

Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Marketing, ABN AMRO Bank N.V. (Amsterdam, Netherlands)

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