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Wiki Wiki Summary
United States securities regulation Securities regulation in the United States is the field of U.S. law that covers transactions and other dealings with securities. The term is usually understood to include both federal and state-level regulation by governmental regulatory agencies, but sometimes may also encompass listing requirements of exchanges like the New York Stock Exchange and rules of self-regulatory organizations like the Financial Industry Regulatory Authority (FINRA).On the federal level, the primary securities regulator is the Securities and Exchange Commission (SEC).
Twenty-one Conditions The Twenty-one Conditions, officially the Conditions of Admission to the Communist International, refer to the conditions, most of which were suggested by Vladimir Lenin, to the adhesion of the socialist parties to the Third International (Comintern) created in 1919. The conditions were formally adopted by the Second Congress of the Comintern in 1920.
Counterterrorism Counterterrorism (also spelled counter-terrorism), also known as anti-terrorism, incorporates the practice, military tactics, techniques, and strategy that governments, military, law enforcement, business, and intelligence agencies use to combat or eliminate terrorism. Counter-terrorism strategy is a government's motivation to use the instruments of national power to neutralize and conquer terrorists, these organizations they have, and these networks they contain in order to render them incapable of using evil to instill fear and to coerce the government or citizens to react in accordance with these terrorists' goals.If definitions of terrorism are part of a broader insurgency, counter-terrorism may employ counter-insurgency measures.
Adverse possession Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land (real property)—may acquire legal ownership based on continuous possession or occupation of the property without the permission (licence) of its legal owner. The possession by a person is not adverse if they are in possession as a tenant or licensee of the legal owner.
Levofloxacin Levofloxacin, sold under the brand name Levaquin among others, is an antibiotic medication. It is used to treat a number of bacterial infections including acute bacterial sinusitis, pneumonia, H. pylori (in combination with other medications), urinary tract infections, chronic prostatitis, and some types of gastroenteritis.
List of herbs with known adverse effects This is a partial list of herbs and herbal treatments with known or suspected adverse effects, either alone or in interaction with other herbs or drugs. Non-inclusion of an herb in this list does not imply that it is free of adverse effects.
An Economic Theory of Democracy An Economic Theory of Democracy is a treatise of economics written by Anthony Downs, published in 1957. The book set forth a model with precise conditions under which economic theory could be applied to non-market political decision-making.
Jumbo mortgage In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.\nThis standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.
Red corridor The red corridor, also called the red zone, is the region in the eastern, central and the southern parts of India where the Naxalite–Maoist insurgency has the strongest presence. It has been steadily diminishing in terms of geographical coverage and number of violent incidences, and in 2021 it was confined to 25 "most affected" (accounting for 85% of LWE violence) and 70 "total affected" districts (down from 180 in 2009) across 10 states in two coal rich, remote, forested hilly clusters in and around Dandakaranya-Chhattisgarh-Odisha region and tri-junction area of Jharkhand-Bihar and-West Bengal.The Naxalite group mainly consists of the armed cadres of the Communist Party of India (Maoist).
2022 United States Senate election in Wisconsin The 2022 United States Senate election in Wisconsin is scheduled for November 8, 2022 to elect a member of the United States Senate from Wisconsin. The primary is on August 9, 2022.
Savings and loan crisis The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations (S&Ls) in the United States from 1986 to 1995. An S&L or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members (a cooperative venture known in the United Kingdom as a building society).
Local purchasing Local purchasing is a preference to buy locally produced goods and services rather than those produced farther away. It is very often abbreviated as a positive goal, "buy local" or "buy locally', that parallels the phrase "think globally, act locally", common in green politics.
List of largest banks in the United States The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2021 per the Federal Financial Institutions Examination Council; their market capitalization is also shown. This list does not include some large commercial banks, which are not holding companies.
List of investment banks The following list catalogues the largest, most profitable, and otherwise notable investment banks. This list of investment banks notes full-service banks, financial conglomerates, independent investment banks, private placement firms and notable acquired, merged, or bankrupt investment banks.
Competition law Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement.
Market value Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although these terms have distinct definitions in different standards, and differ in some circumstances.
Residential area A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas.\nHousing may vary significantly between, and through, residential areas.
Pickering Nuclear Generating Station Pickering Nuclear Generating Station is a Canadian nuclear power station located on the north shore of Lake Ontario in Pickering, Ontario. It is one of the oldest nuclear power stations in the world and Canada's third-largest, producing about 16% of Ontario's power and employing 3,000 workers.Located at the Pickering station until October 2019 was a single 1.8 MWe wind turbine named the OPG 7 commemorative turbine.
Asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets).
Credit Acceptance Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs.
Personal property Personal property is property that is movable. In common law systems, personal property may also be called chattels or personalty.
Wall Street Journal prime rate The Wall Street Journal Prime Rate (WSJ Prime Rate) is a measure of the U.S. prime rate, defined by The Wall Street Journal (WSJ) as "the base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks". It is not the "best" rate offered by banks.
Like terms In algebra, like terms are terms that have the same variables and powers. The coefficients do not need to match.Unlike terms are two or more terms that are not like terms, i.e.
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List of federal agencies in the United States Legislative definitions of a federal agency are varied, and even contradictory. The official United States Government Manual offers no definition.
Graphics display resolution The graphics display resolution is the width and height dimension of an electronic visual display device, measured in pixels. This information is used for electronic devices such as a computer monitor.
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Say on pay Say on pay is a term used for a role in corporate law whereby a firm's shareholders have the right to vote on the remuneration of executives.\nOften described in corporate governance or management theory as an agency problem, a corporation's managers are likely to overpay themselves because, directly or indirectly, they are allowed to pay themselves as a matter of general management power.
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Risk Factors
ANCHOR BANCORP WISCONSIN INC Item 1A Risk Factors In analyzing whether to make or to continue an investment in our securities, investors should consider, among other factors, the following risk factors
Our results of operations are significantly dependent on economic conditions and related uncertainties
Commercial banking is affected, directly and indirectly, by domestic and international economic and political conditions and by governmental monetary and fiscal policies
Conditions such as inflation, recession, unemployment, volatile interest rates, real estate values, government monetary policy, international conflicts, the actions of terrorists and other factors beyond our control may adversely affect our results of operations
Changes in interest rates, in particular, could adversely affect our net interest income and have a number of other adverse effects on our operations, as discussed in the immediately succeeding risk factor
Adverse economic conditions also could result in an increase in loan delinquencies, foreclosures and nonperforming assets and a decrease in the value of the property or other collateral which secures our loans, all of which could adversely affect our results of operations
We are particularly sensitive to changes in economic conditions and related uncertainties in Wisconsin and contiguous counties in Iowa, Minnesota and Illinois because we derive substantially all of our loans, deposits and other business from this area
Accordingly, we remain subject to the risks associated with prolonged declines in national or local economies
Changes in interest rates could have a material adverse effect on our operations
The operations of financial institutions such as us are dependent to a large extent on net interest income, which is the difference between the interest income earned on interest-earning assets such as loans and investment securities and the interest expense paid on interest-bearing liabilities such as deposits and borrowings
Changes in the general level of interest rates can affect our net interest income by affecting the difference between the weighted average yield earned on our interest-earning assets and the weighted average rate paid on our interest-bearing liabilities, or interest rate spread, and the average life of our interest-earning assets and interest-bearing liabilities
Changes in interest rates also can affect our ability to originate loans; the value of our interest-earning assets and our ability to realize gains from the sale of such assets; our ability to obtain and retain deposits in competition with other available investment alternatives; the ability of our borrowers to repay adjustable or variable rate loans; and the fair value of the derivatives carried on our balance sheet, derivative hedge effectiveness testing and the amount of ineffectiveness recognized in our earnings
Interest rates are highly sensitive to many factors, including governmental monetary policies, domestic and international economic and political conditions and other factors beyond our control
Although we believe that the estimated maturities of our interest-earning assets currently are well balanced in relation to the estimated maturities of our interest-bearing liabilities (which involves various estimates as to how changes in the general level of interest rates will impact these assets and liabilities), there can be no assurance that our profitability would not be adversely affected during any period of changes in interest rates
There are increased risks involved with multi-family residential, commercial real estate, commercial business and consumer lending activities
Our lending activities include loans secured by existing multi-family residential and commercial real estate
In addition, we originate loans for the construction of multi-family residential real estate and land acquisition and development loans
Multi-family residential, commercial real estate and construction lending generally is considered to involve a higher degree of risk than single-family residential lending due to a variety of factors, including generally larger loan balances, the dependency on successful completion or operation of the project for 27 _________________________________________________________________ [91]Table of Contents repayment, the difficulties in estimating construction costs and loan terms which often do not require full amortization of the loan over its term and, instead, provide for a balloon payment at stated maturity
Our lending activities also include commercial business loans and leases to small to medium businesses, which generally are secured by various equipment, machinery and other corporate assets, and a wide variety of consumer loans, including home improvement loans, home equity loans, education loans and loans secured by automobiles, boats, mobile homes, recreational vehicles and other personal property
Although commercial business loans and leases and consumer loans generally have shorter terms and higher interests rates than mortgage loans, they generally involve more risk than mortgage loans because of the nature of, or in certain cases the absence of, the collateral which secures such loans
Our allowance for losses on loans and leases may not be adequate to cover probable losses
We have established an allowance for loan losses which we believe is adequate to offset probable losses on our existing loans and leases
There can be no assurance that any future declines in real estate market conditions, general economic conditions or changes in regulatory policies will not require us to increase our allowance for loan and lease losses, which would adversely affect our results of operations
We are subject to extensive regulation which could adversely affect our business and operations
We and the Bank are subject to extensive federal governmental supervision and regulation, which are intended primarily for the protection of depositors
In addition, we and our subsidiaries are subject to changes in laws, as well as changes in regulations, governmental policies and accounting principles
The effects of any such potential changes cannot be predicted but could adversely affect the business and operations of us and our subsidiaries in the future
We face strong competition which may adversely affect our profitability
We are subject to vigorous competition in all aspects and areas of our business from banks and other financial institutions, including savings and loan associations, savings banks, finance companies, credit unions and other providers of financial services, such as money market mutual funds, brokerage firms, consumer finance companies and insurance companies
We also compete with non-financial institutions, including retail stores that maintain their own credit programs and governmental agencies that make available low cost or guaranteed loans to certain borrowers
Certain of our competitors are larger financial institutions with substantially greater resources, lending limits, larger branch systems and a wider array of commercial banking services
Competition from both bank and non-bank organizations will continue
Our ability to successfully compete may be reduced if we are unable to make technological advances
The banking industry is experiencing rapid changes in technology
In addition to improving customer services, effective use of technology increases efficiency and enables financial institutions to reduce costs
As a result, our future success will depend in part on our ability to address our customers’ needs by using technology
We cannot assure you that we will be able to effectively develop new technology-driven products and services or be successful in marketing these products to our customers
Many of our competitors have far greater resources than we have to invest in technology
We and our banking subsidiary are subject to capital and other requirements which restrict our ability to pay dividends
Our ability to pay dividends to our shareholders depends to a large extent upon the dividends we receive from the Bank
Dividends paid by the Bank are subject to restrictions under federal laws and regulations
In addition, the Bank must maintain certain capital levels, which may restrict the ability of the Bank to pay dividends to us and our ability to pay dividends to our shareholders
28 _________________________________________________________________ [92]Table of Contents Holders of our common stock have no preemptive rights and are subject to potential dilution
Our certificate of incorporation does not provide any shareholder with a preemptive right to subscribe for additional shares of common stock upon any increase thereof
Thus, upon the issuance of any additional shares of common stock or other voting securities of the Company or securities convertible into common stock or other voting securities, shareholders may be unable to maintain their pro rata voting or ownership interest in us