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Tuesday, November 29, 2011 12:00 PM EST
Regional and community banks face increasing pressure to raise capital, both to position the banks for the future and to meet new regulatory requirements. Not all strategies are equally effective as means to raise and deploy capital, however. How should an institution develop its strategy?
Presenters: James F. Bauerle, Keevican Weiss Bauerle & Hirsch and Chris Chenoweth, Fremont Bank
Lawsuits alleging that Bank of New York Mellon Corp. defrauded pension funds of millions may have hurt the bank’s reputation, though the depth of damage is difficult to determine, financial professionals say.
These kind of cases “tend to get settled,” said James Bauerle, chairman of the banking and bank regulatory practice group at Downtown law firm Keevican Weiss Bauerle & Hirsch LLC. He believes, “it’s reputation risk more than financial risk” for BNY Mellon.
Keevican Weiss Bauerle & Hirsch are please to announce the most recent appointments, Michael A. Weiss has been appointed to the Strategic Directions Group of the National Diabetes Education Program and the Hon. Melissa A. Hart will serve on Governor Corbett's Advisory Council on Privatization and Innovation.
James F. Bauerle is quoted regarding pending legislation to expand business lending at credit unions
James Bauerle, chairman of the banking and regulatory practice at Downtown law firm Keevican Weiss Bauerle & Hirsch LLC, believes the bill has a “low probability of passing” in its current form. “Regulators are likely to view it as something that stabilizes the loan market for community banks and are likely to oppose it,” Bauerle said.
But he believes both sides will dig in, prolonging the battle.
“Small business lending is generally a business you’ve got to be in in a big way, or not at all,” Bauerle said. “Putting your toe in the water is an invitation to trouble. You’ve got to have people who know how to do it and you can’t afford to hire them if you’re only able to do loans up to 12.25 percent of your total assets.”
