Community bankers who expect the U.S. Senate to pass a bill tomorrow that would extend a program intended to help them retain deposits also believe they will have a tougher time getting the measure though the House.
Broker Connie de la Garza has been trying to sell an empty medical-office building in Harlingen, Texas, for six months. He’s finally getting offers after slashing the asking price by 26 percent to $1.4 million.
President Barack Obama is on the verge of creating as much as $300 billion in credit for small businesses as bankers raise doubt about whether there’s demand for new loans and how much will be repaid .
Delaware Governor Jack Markell is turning to tax incentives in an effort to create jobs in a state where M&T Bank Corp. and HSBC Holdings PLC together laid off more than 1,000 employees in the past year.
Representative Charles Boustany of Louisiana, the Republican chairman of the House Ways and Means oversight subcommittee, called on Treasury Secretary Timothy Geithner to “suspend” an Internal Revenue Service proposal that would require banks to identify overseas depositors.