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Real Estate & Property Law

: Housing Wire

Seattle Bank CEO: Capital Deficiency ?Overstates? Risk

By DIANA GOLOBAY

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Seattle Federal Home Loan Bank (FHLB) president and CEO Richard Riccobono on Monday distributed a letter to its members acknowledging the bank will likely report a failure to meet risk-based capital minimums as of Dec. 31. The overall tone of the memo was one of regret, as Riccobono wrote he believes the way risk-based capital [...]

Full post as published by Housing Wire on January 14, 2009 (boomark / email).

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