rating actions follow the pending financial restatements of accounting entries pertaining to loans and the recent Federal Deposit Insurance Corporation’s assisted acquisition of Gateway Bank of St. Louis, a failed bank. The ratings will remain under
Thursday, August 26, 2010
Commission Housing and Urban Development Federal Housing Administration Export-Import Bank National Credit Union Administration Federal Reserve Federal Deposit Insurance Corporation Office of Thrift Supervision (which oversaw AIG and GE, among
Saturday, August 21, 2010
WASHINGTON, Aug 20 (Reuters) – The Federal Deposit Insurance Corp on Friday said these banks were closed by regulators: * In the largest failure in months, Chicago’s ShoreBank was acquired by Urban Partnership Bank, Chicago. ShoreBank, a community
Saturday, August 21, 2010
WASHINGTON, Aug 20 (Reuters) – The Federal Deposit Insurance Corp on Friday said these banks were closed by regulators: * In the largest failure in months, Chicago’s ShoreBank was acquired by Urban Partnership Bank, Chicago. ShoreBank, a community
Urban Partnership Bank in Chicago will take over the assets of ShoreBank, the Federal Deposit Insurance Corp said. It was the 114th U.S. bank failure this year. ShoreBank, a privately owned bank with a national reputation for its philanthropic
Thursday, August 19, 2010
then pay out low single-digit yields to survivors. The U.S. Department of Veterans Affairs, the Federal Deposit Insurance Corp and the National Association of Insurance Commissioners are among other agencies and groups that have been reviewing the
Wednesday, August 18, 2010
fix unsound business practices, have issued a new round of orders to address the problems. The Federal Deposit Insurance Corp. and the Massachusetts Division of Banks last week issued a consent order that says management failed ?to make acceptable
Aug 16 (Reuters) – The organization of state insurance regulators issued a consumer alert about retained assets accounts (RAAs), days after the Federal Deposit Insurance Corp (FDIC) said life insurers using the product should reveal more information
Reuters) – U.S. regulators on Friday closed Palos Bank and Trust Company in Illinois, the Federal Deposit Insurance Corp said, marking the 110th U.S. bank failure so far this year and the 14th in Illinois
bank in Chicago, lifting to 109 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. said it was appointed receiver of Ravenswood Bank, which had roughly $264.6 million in assets and $269.5 million in deposits as of June 30.