Your Search Returned 14 tagged news reports
The lawyer tracking down money lost in what authorities say was an extensive Ponzi scheme run by R. Allen Stanford says he hopes to gain control of more than $1.5 billion that would be then returned to burned investors. Court-appointed receiver Ralph...
Tags: Stanford Ponzi, R. Allen Stanford, appointed receiver, federal court, gain control, receiver ralph, janvey filed, ponzi scheme, Ralph Janvey, stanford investors
Regulators have shut down First Piedmont Bank in Georgia, the 54th federally insured bank to fail this year. The Federal Deposit Insurance Corp. was appointed receiver of the Winder, Ga.-based bank, which had about $115 million in assets and $109 million...
Tags: Georgia, First Piedmont Bank, piedmont banks, deposit insured, Winder, federally deposit, regulators shut, appointed receiver, insured banks, federally insured
ABC Learning Centres under new management, industry body Childcare SA says. The collapse of the childcare giant had forced the sector to rethink its approach to business, Childcare SA president Barbara Langford said. "I think that the ABC demise has...
Tags: ABC Learning, learning centres, appointed receiver, PPB, child caring, childcare centres, deemed unviable
Julia Gillard says Qantas cutting 1500 jobs 'very unwelcome' April 14, 2009 11:08am THE Federal Government says Qantas' decision to slash 1500 jobs is "unwelcome news". "Clearly this is very unwelcome news,'' Deputy Prime Minister Julia Gillard said.
Tags: ABC Learning Business, Qantas, Western Australia, Julia Gillard, learn centres, appointed receiver, qantas cuts, Ms Gillard, minister julia, international travel
About 1,000 workers in Stanford Financial's U.S. offices — about 85 percent of the company's U.S. employees — lost their jobs Friday. The court-appointed receiver in control of all the company's assets, Ralph Janvey, issued a statement saying he had concluded...
Tags: Stanford Financial Group Receivership, U.S, insufficient resources, R. Allen Stanford, appointed receiver
Regulators on Friday shut down Freedom Bank of Georgia, marking the 17th failure this year of a federally insured bank, and more are expected to succumb amid a deepening recession. The Federal Deposit Insurance Corp. was appointed receiver of the bank,...
Tags: Freedom Bank of Georgia, deposit insured, federally deposit, insured corp, Federal Deposit Insurance Corp., Commerce, 17th bank, appointed receiver, federally insured, insured bank
A Dallas judge approved a plan Thursday to unfreeze some Stanford Financial Group customer accounts, bringing 12,000 investors a step closer to their money...District Judge David Godbey signed the order allowing court-appointed receiver Ralph Janvey to...
Tags: Stanford Financial Group, Stanford Group Co., Robert Allen Stanford, R. Allen Stanford, Stanford Lawyer, Dallas, Securities and Exchange Commission, appointed receiver, account contain, U.S
Janvey, who is trying to get an accounting of Stanford funds in his two weeks as receiver, described to the judge the difficulty in accounting for billions of dollars across more than 175 business entities in 100 countries. He said he has been working...
Tags: R. Allen Stanford, Stanford Financial Group, Stanford Investor Accounts, Stanford Group, Stanford Capital Management, Stanford International Bank, remain frozen, Ralph Janvey, appointed receiver, stanford financier
Regulators on Friday shut down National Bank of Commerce, a small Illinois bank. The Federal Deposit Insurance Corp. was appointed receiver of the Berkeley, Ill., bank, which had $430.9 million in assets and $402.1 million in deposits as of Jan. 7. It...
Tags: national banks, Illinois, deposit insured, federally deposit, National Bank of Commerce, Federal Deposit Insurance Corp., Washington State, insured corp, appointed receiver, Berkeley
Two more banks collapsed under the pressure of financial volatility Friday. Georgia-based Haven Trust Bank was closed by regulators and seized by the Federal Deposit Insurance Corporation...Additionally, customers will be able to continue using ATMs and...
Tags: trust banks, Haven Trust Bank, Georgia, U.S, Texas Department of Banking, Federal Deposit Insurance Corp., banks failure, total assets, appointed receiver, based haven