Facilitating NRIs

first_imgThe Ministry of Overseas Indian Affairs has established the Overseas Indian Facilitation Centre (OIFC), to serve as a one-stop-shop for overseas Indians. The center maintains a database of investment opportunities and advisory services for non-resident Indians on consular issues, financial services and living in India. The Center’s website (www.oifc.in) is developing a database on overseas Indians and claims that it will respond to queries from overseas Indians in 24 hours.  Related Itemslast_img read more

FDIC to Close Final Temporary Office Established After Financial Crash

first_img in Data, Government, Origination, Secondary Market, Servicing Share “”FDIC””:http://www.fdic.gov/ put a date on the closure of the last of its satellite offices established in the wake of the financial crash. The agency’s East Coast Temporary Satellite Office (ECTSO), located in Jacksonville, Florida, will close April 5, 2014.[IMAGE]FDIC’s board of directors approved the establishment of the ECTSO in May 2009 to ease the workload created by the increased number of failed financial institutions located in the Southeast. Three regional offices were established around the country–one in California and one in Illinois. [COLUMN_BREAK]The ECTSO is the last temporary office to be closed.The decision to close the office was made after “”a review of ongoing workload and in recognition of the signs of the improving health of the banking industry,”” according to a release from FDIC. “”The dedicated employees of our East Coast Temporary Satellite Office have exhibited the highest degree of professionalism during a period of extraordinary stress in the financial system,”” said Bret Edwards, director of FDIC’s Division of Resolutions and Receiverships. “”Their presence in the Southeast allowed the FDIC to fulfill its mission of maintaining stability and public confidence in the nation’s banking system. I thank all of the staff in Jacksonville for their exemplary public service during a very challenging time.””The ECTSO currently has a staff of 420 and manages 138 failed bank receiverships. Employees will be retained until the office closes and will receive outplacement support to help their employment transition. The office’s remaining work is expected to be absorbed by FDIC’s regional office in Dallas, Texas. FDIC to Close Final Temporary Office Established After Financial Crashcenter_img November 14, 2012 446 Views Agents & Brokers Attorneys & Title Companies FDIC Investors Lenders & Servicers Processing Service Providers 2012-11-14 Tory Barringerlast_img read more