Your Search Returned 26 tagged news reports
Tracking the market and economic trends that shape your finances. October 30, 2009 | 5:05 pm Bank regulators are expected later today to take over Los Angeles-based California National Bank in what would mark the fourth-largest bank failure in the...
Tags: San Diego National Bank, U.S. Bank, California National Bank, Pacific National Bank, federal regulators, regulators seize, Illinois, parent companies, holding companies, US Bank
Hughes maintains that his group is ready to work with the FDA and that they share the "exact goal" of helping consumers make informed choices for healthy diets. The move also comes after FDA Commissioner Dr. Margaret Hamburg expressed her concern this...
Tags: labels programs, food labels, FDA, U.S, mislead consumers, Duke Energy, federal regulators
Onyx construction loan sold In possibly one of its last deals before being seized by federal regulators Friday, Chicago's Corus Bankshares cut loose a construction loan secured by the 118-unit condo Onyx on The Bay. The buyer: Hyperion Onyx Partners,...
Tags: construction loans, Corus Bankshares, Atlanta, Chicago, federal regulators, loans sold, Miami
MB Financial Inc. , which has shown a willingness to buy failed banks, is expected to acquire the branches and some of the deposits of Chicago-based Corus Bankshares Inc., the condominium lender that is expected to be seized later today by banking regulators,...
Tags: Corus Bankshares Inc., Corus Bancshares Inc., Federal Deposit Insurance Corp., MB Financial Bank, federal regulators, Federal Deposit Insurance Corporation, deposits insurance, federal deposits, Miami Dolphins, Chicago
Federal regulators seized Bradford Bank of Towson late Friday after the financial institution failed to find a buyer, making it the second bank in Maryland to fall victim to bad loans amid the collapse of the real estate market. M&T Bank , which recently...
Tags: Bradford Bank of Towson, bradford banks, deposit insured, Maryland, Federal Deposit Insurance Corp., insured corp, banks failures, M&T Bank, Baltimore, federal regulators
EDT I t sounds like something an overbearing customs officer would do with your airport bag. But deep packet inspection, or DPI – the practice of examining Internet transmissions to figure out what kind of content is being sent – is a hot-button issue...
This phone number will be operational 9 a.m. to 6 p.m. today; from noon to 6 p.m...Web site at www.fdic.gov/bank/ individual/failed/new frontier.html. Web page "Is My Account Fully Insured?" at www2. fdic.gov/dip/Index.asp to determine their insurance...
Tags: New Frontier Bank, Colorado, frontier banks, depositing insured, banks failures, N.C, federal depositing, Until New Frontier, colorado banks, federal regulators
US mortgage finance giant Fannie Mae said it lost almost $US60 billion ($92 billion) last year and asked the Treasury Department for a further $US15.2 billion in aid. The US Government-controlled Fannie Mae reported a loss of $25.2 billion in the fourth...
Tags: Fannie Mae, Treasury Department, U.S, fourth quarter, mortgage finance, federal regulators, Freddie Mac, billion loss, finance companies
U.S. regulators cleared Dow Chemical Co.'s acquisition of rival Rohm & Haas Co. on Friday, raising pressure on Dow to quickly close -- or renegotiate -- a deal that has been criticized as too expensive and risky. Under the merger agreement, the $15.3...
Tags: Rohm & Haas Co., Dow Chemical Co., commission signed, Federal Trade Commission, European Commission, regulatory hurdle, regulators approved, billion buyout, specialty chemical, federal regulators
A group of private investors agreed yesterday to buy IndyMac Bank, the Pasadena, Calif., specialist in exotic home loans that collapsed in July and became the third-largest bank to fail since the government began insuring deposits in 1934. The Federal...
Tags: paulson, IndyMac Bank, Sell IndyMac, indymac banking, buy indymac, Steven Mnuchin, deposit insuring, lender indymac, federal regulators, private investor