The Daily Transcript asked four banking leaders if they expect interest rates to rise at all this year, and if they see any implications or issues with the continued record-low rates. Here’s what they had to say:
Los Angeles-based bank holding company Grandpoint Capital Inc. had a busy start to 2012, completing its merger with Regents Bancshares and entering into definitive agreements to acquire both California Community Bank (OTCBB: CABK) of San Diego and Bank Capital Corp. of Arizona.
When the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in the summer of 2010, it promised to impose a series of new regulations on financial markets many years into the future. The majority of the bill was unwritten at the time, instead setting deadlines for various agencies to write various rules on a range of issues.
Those who watch San Diego’s venture capital trends say it’s tough to predict what 2012 might hold. If this year is anything like last, maybe there will be fewer deals worth more dollars. Maybe the anticipated Facebook initial public offering will spark some excitement among investors. And maybe local incubators will buoy San Diego companies in a way that sets the region apart from the rest of the nation.
The end of 2011 and the start of the new year has brought a flurry of economic reports suggesting, at long last, the elusive recovery may finally be at hand. Of course, there are still reasons to remain cautious.