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Editorial Results (free)

1. Fed Suggests It's Closer to Slowing Bond Purchases -

WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve.

2. Capital Requirement -

In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.

That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.

3. Optimism Finds Way Into Local Banks, Financial Institutions -

Here’s a look at what’s going on in the world of finance, and the ways it’s all affecting Memphis.

First up, to quote the Bard, “But soft: what light through yonder window breaks?”

4. Mortgage Market Sees Gains in Third Quarter -

With the Federal Reserve taking steps to keep financing costs at extreme lows across the economy, it’s probably not surprising to hear an economist say he’s getting an earful from community banks and credit unions around the country.

5. St. Louis Fed President Talks Economy, New Rules -

A regional Federal Reserve president got a big applause in front of an audience of Memphis businessmen and bankers, acknowledging concern about new rules that would force banks to build higher capital cushions to absorb future losses.

6. Easy Money -

When the Federal Reserve announced a few weeks ago its newest – i.e., third – round of quantitative easing intended to once again try to juice a sluggish economy, an employee of FTN Financial couldn’t resist a metaphor for the Fed’s open-ended commitment.

7. US Economy Hobbled by Weak Hiring, Manufacturing -

WASHINGTON (AP) – A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs.

The number of people seeking unemployment benefits last week stayed near a level that signals only weak hiring in September. Manufacturing shrank for a fifth straight month in the Philadelphia region, a sign that weaker global growth has hurt demand for American-made goods. And a measure of future economy activity declined for the second time in three months.

8. Magna Bank CEO Appointed to New Fed Council -

Magna Bank chairman, president and CEO Kirk Bailey has been appointed for a one-year term to a new Community Depository Institutions Advisory Council working with the St. Louis branch of the Federal Reserve.

9. CNBC Goes Local With FedEx Broadcast -

It was a Memphis morning on CNBC’s “Squawk Box” program Monday, with FedEx founder Fred Smith guest hosting the show’s broadcast from Hangar 26 at FedEx’s SuperHub at Memphis International Airport.

10. Archived Article: Calendar - Calendar of events Jan

Calendar of events Aug. 5-Aug. 11

Aug. 6

The Memphis Area Technology Council is planning committee alignment meetings for people interested in getting involved with MATC. Meetings are 11 a.m. to 1 p.m. Aug. 6 at the M...

11. Archived Article: Comm Briefs - Baptist Memorial Hospital for Women, 6225 Humphreys Blvd

Baptist Memorial Hospital for Women, 6225 Humphreys Blvd., will offer a free seminar Self Defense: Changing Attitudes in Changing Times from 10 a.m. to noon
Aug. 10 with retired Memph...