SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Viking Capital Group, VGCP- Internet play on the move!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: HEMI who wrote (569)11/3/1999 10:55:00 AM
From: HEMI  Read Replies (1) of 588
 
Company Press Release
ADVISORY/Viking Chairman Comments on Glass-Steagall Repeal
WHAT: Viking Chairman Comments on Glass-Steagall Repeal
(BUSINESS WIRE)-- WHERE: Corporate Position Memo
Located at www.vcgi.com

WHEN: Available Now

With what appears to be the imminent passage of banking reform, Viking Capital Group Chairman and CEO William Fossen has issued a corporate position memo outlining the legislation's impact on Viking. Interested individuals can read the publicly available memo, posted at www.vcgi.com, the corporate Website of Viking Capital Group, Inc. and it's subsidiary companies.

Repeal of the Banking Act of 1933, commonly called the Glass-Steagall Act, is of significant interest to Viking's management and stakeholders. The reform legislation before Congress and agreed to by the White House will remove most of the Depression-era barriers that separate banks, insurance companies and brokerage firms from selling each other's products. This change is important to Viking because banking reform clears the way for smaller banks - those that are less likely to enter into mega-merger deals similar to the one undertaken between Travelers and CitiCorp last year - to sell other financial products. Viking's business plan is built around a suite of software, systems and consulting services to help such banks compete more efficiently via the Internet in a post-Banking Act environment.

The text of Fossen's position memo can be found at www.vcgi.com.
biz.yahoo.com

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News