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As many of you know, The New York Times has been chronicling the efforts of Liberty Bank and Trust as it tries to revive itself after Katrina. In this installment, it's clear that... Read more...
Should Katrina victims be able to draw on 401(k) funds? Congress approved legislation removing some redemption penalties and postponing five-year loan repayment time limits by up to 12 months. Some... Read more...
Looks like the Bush Administration may deal a serious blow to what many investment bankers thought would be a great source of post-Katrina rebuilding funds: the bond market. US Treasury Secretary... Read more...
So what's it like for a local bank to survive the disaster that was Katrina? Short answer: It's not easy. The New York Times, as many of you recall, is taking an ongoing look at the... Read more...
One legacy of Katrina may be a spike in securities fraud. The Securities and Exchange Commission expects a variety of schemes to bubble forth soon, according to MarketWatch. People may be... Read more...
The fear of various hedge funds taking huge losses, which ripple through the market, is here to stay. So we can probably just get used to news item likes the following: Institutional Investor... Read more...
Ending the suspense, the Federal Reserve hiked its federal funds rate again, the 11th time in a row. More are likely in the near future. In its lengthier-than-usual message, the Fed said Katrina... Read more...
Liberty Bank and Trust's missions as one of the country's largest black-owned banks has long been to serve New Orleans' northeastern quadrant, home to the city's black middle class. Katrina took a... Read more...
For a change, there is a good deal of uncertainty about what the Fed will do this week. Before Katrina, it was a sure bet that Greenspan & Co. would have hiked rates again. Now? Who knows. You... Read more...