With $3.7 billion in trade between Arizona and Canada, our neighbors to the north play a significant role in the state’s economy. That’s why the Arizona Bankers Association is pushing a bill to encourage Arizona financial institutions to lend more to credit-worthy Canadian borrowers seeking to do business here.Read More »
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The clamor to crack down on laundering drug money was loud in 2010 when Wachovia National Bank was found to have let $110 million from Mexico be sent through its accounts. It grew two years later when HSBC Holdings PLC agreed to pay $1.9 billion to settle violations that included letting hundreds of millions of dollars from drug cartels flow through one of the world’s largest banks.Read More »
Consumers in Arizona don’t want much from a bank. They simply require convenience — being close to their home or work, with online account access — and no service charges to maintain a regular checking account.Read More »
Chandler mom Lindsay Barnes already knows what the National Retail Federation is reporting in a recent study – it costs a lot to send kids back to school.Read More »
New campaign finance laws could restore clout of business community
Business interests that once served as the gatekeepers of Arizona’s elections may be regaining some of the clout they lost during the Clean Elections era.
The old adage — “If it doesn’t kill you, it will make you stronger” — generally applies to biological organisms. But it could also apply to the financial system in Arizona, which has had 14 bank failures since 2009.Read More »
A bill to establish an online voting pilot program in time for the 2014 primary election is drawing bipartisan support in the Arizona State Senate.
Sen. Bob Worsley, R-Mesa, said the technology is readily available to ensure the safety and accuracy of online voting – an effort that could save the state millions of dollars in expenses racked up by mailing ballots to voters, he added.
A coalition of bankers has asked the Arizona Supreme Court to overturn the repeal of legislation enacted to benefit banks harmed by a wave of foreclosures. On Oct. 21, the Arizona Bankers Association has filed a petition for special action with the state's highest court in hopes of negating a provision included in state budget legislation that successfully repealed a foreclosure law signed into law in July.Read More »
FLAGSTAFF - A Flagstaff bank has been ordered by the Federal Deposit Insurance Corp. to raise $2 million in new capital.Read More »