banking

By Brandon Moseley Alabama Political Reporter On Monday, February 9, US Senator Richard Shelby (R-Alabama) announced that he will kick-off his annual statewide tour of each of Alabama’s sixty-seven counties this week. Sen. Shelby wrote, “Throughout my time in the United States Senate, I have made it a top priority to visit all 67 counties … Continued

By Brandon Moseley Alabama Political Reporter On Thursday, January 8 U.S. Senator Richard Shelby (R from Alabama) was named the Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs for the 114th Congress. Sen. Shelby was elected by the Republican members of the committee on Wednesday and his appointment was confirmed … Continued

By Brandon Moseley Alabama Political Reporter US Representative Spencer Bachus (R from Vestavia) was the Ranking Member of the House Financial Services Committee, a vastly overvalued American housing sector began unraveling. Millions of shaky mortgages backed only by overvalued housing became unperforming. Trillions in mortgage backed securities were in portfolios all over the world. Lehman … Continued

By Brandon Moseley Alabama Political Reporter US Senator Richard Shelby (R) from Alabama questioned Federal Reserve and banking regulators from the Federal Reserve, the OCC and the FDIC about their proposed rules to implement the Basel III international accord. Sen. Shelby said, “The primary goal of Basel III is to strengthen bank capital requirements.  This … Continued

By Brandon Moseley Alabama Political Reporter Alabama Governor Robert Bentley announced today that Cadence Bank is moving its headquarters to Concord Center located at 2100 Third Avenue North in Birmingham. Governor Robert Bentley said, “I want to thank the leaders of Cadence Bank for their continued commitment to Alabama and to Downtown Birmingham.  Our long-range … Continued

By Brandon Moseley Alabama Political Reporter U.S. Senator Richard Shelby (R) from Alabama made comments about banking abuses involving servicemen at a Committee on Banking, Housing and Urban Affairs hearing on empowering and protecting service members and their families in the consumer financial marketplace, Tuesday. Senator Shelby said, ““One problem is the disruption caused by … Continued

By Brandon Moseley Alabama Political Reporter Wednesday, U.S. Senator Richard Shelby, (R) from Alabama, released a written statement with remarks made by the Senator about the situation at JP Morgan Chase (one of the nation’s largest banks).  The Chief Executive Officer and President of JP Morgan Chase, Mr. Jamie Dimon testified before the Senate Committee … Continued

By Brandon Moseley Alabama Political Reporter United States Senator Richard Shelby released comments that he made in a Wednesday meeting of the Senate Committee on Banking, Housing and Urban Affairs, where he is the ranking Republican Member.  Testifying before the Committee that day were: the Acting Chairman of the FDIC Gruenberg, the Director of the … Continued