Obama prods banks to do more - Spokane, North Idaho News & Weather KHQ.com

Obama prods banks to do more

WASHINGTON. - Some banks are responding to President Barack Obama's challenge to increase lending.
     
Obama met with bank executives today at the White House and urged them to find creative ways to free up lending and to drop their opposition to an overhaul of the nation's financial industry.
     
The president told the bankers they were obliged to help after being rescued by taxpayers.
     
Bank of America says its CEO, Kenneth Lewis, told Obama that his bank will lend $5 billion more to small- and mid-sized businesses next year than it did in 2009, as part of its effort to support an
economic recovery.
     
That follows a pledge from JPMorgan, which said last month that it would boost lending by $4 billion.
     
US Bancorp CEO Richard Davis said his bank would be willing to take a second look at every loan it rejects and he says he'll present that idea to other members of the Financial Services Roundtable, a group representing the largest financial companies.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Victim in domestic violence situation turned house fire speaks out

    Victim in domestic violence situation turned house fire speaks out

    Sunday, June 17 2018 9:26 PM EDT2018-06-18 01:26:17 GMT

    SPOKANE, Wash. - It's been a tough 24 hours for the Winant Family.  Kelli Winant says she called police after a situation escalated with she and her boyfriend Saturday after he had been drinking.  "After he beat me pretty good yesterday, he burned our house down,” Kelli Winant Firefighters were at the home in a matter of minutes.

    >>

    SPOKANE, Wash. - It's been a tough 24 hours for the Winant Family.  Kelli Winant says she called police after a situation escalated with she and her boyfriend Saturday after he had been drinking.  "After he beat me pretty good yesterday, he burned our house down,” Kelli Winant Firefighters were at the home in a matter of minutes.

    >>
  • Tests confirm mystery animal shot in Montana was a wolf

    Tests confirm mystery animal shot in Montana was a wolf

    Monday, June 18 2018 12:37 PM EDT2018-06-18 16:37:05 GMT
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB

    HELENA, Mont. - The mystery is over: Montana wildlife officials confirm that an unusual-looking animal shot in central Montana was actually a wolf.    Montana Fish, Wildlife and Parks officials initially weren't certain what the creature was when a rancher shot it near Denton in May. They noted the legs, front claws and canine teeth were shorter and its ears bigger than normally seen on wolves. 

    >>

    HELENA, Mont. - The mystery is over: Montana wildlife officials confirm that an unusual-looking animal shot in central Montana was actually a wolf.    Montana Fish, Wildlife and Parks officials initially weren't certain what the creature was when a rancher shot it near Denton in May. They noted the legs, front claws and canine teeth were shorter and its ears bigger than normally seen on wolves. 

    >>
  • Driver charged with following too close in Highway 395 crash

    Driver charged with following too close in Highway 395 crash

    Sunday, June 17 2018 11:55 AM EDT2018-06-17 15:55:41 GMT

    LOON LAKE, Wash.- Washington State Patrol investigators say a driver following too close led to a 3-vehicle crash at Highway 395 and Grote Rd. Saturday evening. The crash happened around 7:15 p.m. Troopers say a silver 2003 Ford Taurus driven by 17-year-old Jon Peter Nelson was northbound on Highway 395, stopped and preparing to turn left onto Grote Road.

    >>

    LOON LAKE, Wash.- Washington State Patrol investigators say a driver following too close led to a 3-vehicle crash at Highway 395 and Grote Rd. Saturday evening. The crash happened around 7:15 p.m. Troopers say a silver 2003 Ford Taurus driven by 17-year-old Jon Peter Nelson was northbound on Highway 395, stopped and preparing to turn left onto Grote Road.

    >>
HD DOPPLER 6i
/