Tuesday, March 31, 2015
Monday, March 30, 2015
The 10-Point: My Guide to the Day's Top News. - btbirkett@gmail.com - Gmail
The 10-Point: My Guide to the Day's Top News. - btbirkett@gmail.com - Gmail
Don’t Bank on It
What does it take to flourish in the tough new post-financial crisis regulatory environment? Perhaps a drive-through window that can accommodate a horse and buggy. We report that Bank of Bird-in-Hand is the only new bank to have opened in the U.S. since 2010, when the Dodd-Frank law was passed. Based in rural Pennsylvania, it caters mainly to the local Amish community. It doesn’t offer online banking, but it is pony friendly. There is widespread concern about the paucity of new banks because smaller institutions make the majority of farm and small-business loans, federal data show. Bankers say the dearth is a sign that new regulations are increasing expenses and discouraging potential startups from even trying, while regulators say the profit squeeze from rock-bottom interest rates is a bigger problem. For reference, an average of more than 100 new banks a year opened in the three decades before Dodd-Frank.
Don’t Bank on It
What does it take to flourish in the tough new post-financial crisis regulatory environment? Perhaps a drive-through window that can accommodate a horse and buggy. We report that Bank of Bird-in-Hand is the only new bank to have opened in the U.S. since 2010, when the Dodd-Frank law was passed. Based in rural Pennsylvania, it caters mainly to the local Amish community. It doesn’t offer online banking, but it is pony friendly. There is widespread concern about the paucity of new banks because smaller institutions make the majority of farm and small-business loans, federal data show. Bankers say the dearth is a sign that new regulations are increasing expenses and discouraging potential startups from even trying, while regulators say the profit squeeze from rock-bottom interest rates is a bigger problem. For reference, an average of more than 100 new banks a year opened in the three decades before Dodd-Frank.
Sunday, March 29, 2015
Sunday, March 22, 2015
Saturday, March 21, 2015
Tuesday, March 17, 2015
Friday, March 6, 2015
The Morning Ledger: Why CFOs Should Look Past Numbers to Evaluate a Deal - btbirkett@gmail.com - Gmail
The Morning Ledger: Why CFOs Should Look Past Numbers to Evaluate a Deal - btbirkett@gmail.com - Gmail
Takeovers see U.S. losing tax revenue. Just months after the Obama administration cracked down on mergers that helped U.S. companies skirt domestic taxes, a wave of foreign takeovers is steering more tax revenue away from Uncle Sam. New Treasury rules that make “tax inversion” deals less appealing don’t apply to foreign firms. “If you make inversions more difficult, more U.S. companies may simply be acquired,” said Robert Scarborough, a partner at law firm Freshfields Bruckhaus Deringer LLP.
Takeovers see U.S. losing tax revenue. Just months after the Obama administration cracked down on mergers that helped U.S. companies skirt domestic taxes, a wave of foreign takeovers is steering more tax revenue away from Uncle Sam. New Treasury rules that make “tax inversion” deals less appealing don’t apply to foreign firms. “If you make inversions more difficult, more U.S. companies may simply be acquired,” said Robert Scarborough, a partner at law firm Freshfields Bruckhaus Deringer LLP.
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