Regulators shut 7 banks in 5 states; 37 in 2010

2010-03-19T17:45:22Z

<div id="subtitle">Regulators shut banks in Alabama, Georgia, Minnesota, Ohio and Utah; makes 37 this year</div><div><p>Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the

Former National City Bank debit accounts hacked

2010-03-18T15:45:37Z

<div id="subtitle">PNC Bank: National City Bank debit accounts hacked, hit with fraud</div><div><p>PNC Financial Services Group Inc. said Thursday it is investigating a breach of accounts affecting former National City Bank customers and their debit-card accounts.</p><p>The a...

9 bailed-out banks report declines in new lending

2010-03-16T07:31:00Z

<div id="subtitle">New lending at 9 bailed-out banks plummets in January, but overall loan balances rise modestly</div><div><p>The Treasury Department said Monday that new lending plummeted in January at the nine largest banks that have yet to repay their taxpayer bailouts.</p><p>Treasury's monthly survey of bank lending shows overall new loan origination dropped 35 p...

WaMu reaches settlement with JPMorgan, FDIC

2010-03-12T17:30:14Z

<div id="subtitle">Washington Mutual resolves disputes with JPMorgan, FDIC over $4B in deposit assets</div><div><p>Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Fe...

Texas Capital Bancshares warrants bring $6.56M

2010-03-12T06:30:38Z

<div id="subtitle">Treasury receives $6.56 million from sale of Texas Capital Bancshares warrants</div><div><p>The Treasury Department has received $6.56 million from the sale of warrants it held from Texas Capital Bancshares Inc. as part of the support it provided the bank during the financ...

Banks shuttered in Fla., Ill., Md., Utah

2010-03-06T03:00:10Z

<div id="subtitle">Regulators shut down banks in 4 states, making 26 US bank failures this year</div><div><p>Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the...

WaMu bankruptcy hearing delayed, talks continue

2010-03-04T10:45:19Z

<div id="subtitle">WaMu bankruptcy hearing postponed, talks continue with JPMorgan and FDIC</div><div><p>The judge in the Washington Mutual bankruptcy case is postponing a hearing as the bank tries to resolve dispute...

WaMu shareholders urge for an annual meeting: court filing

2010-03-03T22:30:06Z

<div><p>(Reuters) - Shareholders of Washington Mutual Inc <WAMUQ.PK> have filed a complaint against the savings bank holding company for not convening an annual shareholders' meeting for nearly two years, court documents show.</p><p>The Reuters) - Regulators seized two banks in Nevada and Washington state on Friday, bringing the year total to 22 as small institutions continue to struggle with bad loans.</p><p>The Fe...

FDIC shuts down banks in Nevada and Washington

2010-02-26T18:30:47Z

<div id="subtitle">Regulators shut down banks in Nevada and Washington; putting US bank failures at 22 for year</div><div><p>Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.</p><p>The Reuters) - The Federal Deposit Insurance Corp may start selling bonds tied to the assets of failed banks as soon as next month, according to the Bloomberg news website.</p><p>The first sales could include about $2 billion of the FDIC's remaining stakes in loans from Chicago, adds 4 more in FDIC-led takeover</div><div><p>FirstMerit Corp. on Monday said it completed the conversion of 24 Chicago branches over the weekend, and acquired four other...

Banks in Calif., Ill., Fla., Texas are shut down

2010-02-19T18:30:28Z

<div id="subtitle">Regulators shut banks in Calif., Ill., Fla., Texas, putting US bank failures at 20 for year</div><div><p>Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last...

Four more banks close, total hits 20 for 2010

2010-02-19T18:15:14Z

<div><p>WASHINGTON (Reuters) - Regulators seized four more U.S. banks on Friday, bringing the total for the year to 20.</p><p>The Federal Deposit Insurance Corp, in charge of safeguarding bank deposits and resolving failed banks, has predicted th...

Regulators shut small Minnesota bank, 16th in 2010

2010-02-22T11:09:19Z

<div id="subtitle">Regulators shut down small bank in Minnesota, making 16 US bank failures this year</div><div><p>Regulators have shut down a small bank in Minnesota, bringing to 16 the number of bank failures in the U.S. so far in 2010 following the 140 brought down last year by rising loan defaults and the recession.</p&...

Regulators shut down banks in 5 states

2010-02-22T13:27:12Z

<div id="subtitle">Regulators shutter banks in Calif., Fla., Ga., Minn., Wash., totaling 15 bank failures in 2010</div><div><p>Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota...

Bankruptcy judge rejects WaMu subpoena request

2010-02-22T13:43:38Z

<div id="subtitle">Delaware bankruptcy judge rejects request from WaMu for document subpoenas</div><div><p>A Delaware bankruptcy judge on Thursday denied Washington Mutual Inc.'s request to force government regulators and others to turn over documents related to the 2008 collapse of Washington Mutual Bank.</p&am...

New York Community Bancorp 4Q profit rises 66 pct

2010-02-22T14:11:31Z

<div id="subtitle">New York Community Bancorp 4Q earnings rise 66 percent on gain related to AmTrust purchase</div><div><p>New York Community Bancorp Inc. on Wednesday reported a 66 percent increase in net income for the fourth quarter, buoyed mainly by a hefty gain related to its purchase of a failed Ohio th...

SunTrust shares down after Street cuts estimates

2010-02-22T15:10:14Z

<div id="subtitle">SunTrust shares fall amid downgrades, estimate cuts despite topping Street view in 4th quarter</div><div><p>Shares of SunTrust Banks Inc. fell Monday as several analysts cut ratings and profit projections, despite the regional bank posting better-than-expected results for the 2009 fourth quarter.</p><p>Late Friday, SunTrust s...

Regional banks spared financial sector sell-off

2010-02-22T16:50:48Z

<div id="subtitle">Amid a sell-off of bank shares following Obama speech, regional banks show strength</div><div><p>Comparing the stock performance of regional banks Thursday to big, national institutions might give the impression that the trading occurred on different days.</p><p>The difference were comments made by President Barack Obama, who proposed new ...

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