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Big California bank fails, has China branches

Source: Reuters
New York : NY : USA | 18 days ago  
Views: 10
United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the transaction made it the second-largest independent bank in California....
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    Small banks in Ga., Mich., Minn., Mo. closed. ... Last week, regulators shut nine banks — including California National Bank of Los Angeles, the fourth-largest failure this year with $7.8 billion in assets and 68 branches — owned by holding
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