Banks News Updates
Citizens State Bank of New Baltimore closes (Detroit News)
18 December 2009
Citizens State Bank of New Baltimore became the fourth Michigan bank failure of the year Friday, when the seven branches of the state-chartered bank were seized and closed by the Michigan Office of Financial and Insurance Regulation, which then appointed the Federal Deposit Insurance Corp. as receiver.
'Mad Money Lightning Round': Bank Buys (TheStreet.com)
18 December 2009
Cramer says Bank of America is a buy at $15. He also likes Wells Fargo and Citigroup.
Georgia Bank Becomes 134th to Fail This Year (New York Times)
18 December 2009
The Federal Deposit Insurance Corporation took over the bank, RockBridge Commercial, based in Atlanta, with $294 million in assets and $291.7 million in deposits.
Amid Concerns, Bank of Japan Leaves Interest Rate Near Zero (New York Times)
18 December 2009
The central bank’s strategy of keeping the rate very low is in contrast to that of many other countries, which are expected to increase rates soon.
Calif.'s Imperial Capital Bank, 5 others, closed (AP via Yahoo! News)
18 December 2009
Regulators have shut down Imperial Capital Bank in La Jolla, Calif., bringing to 138 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.
Wis. woman accused of $3.3 million bank fraud (AP via Yahoo! News)
18 December 2009
A 44-year-old tax preparer from Sun Prairie, Wis., faces federal charges for allegedly defrauding a bank of $3.3 million.
Small Georgia bank is 134th to fail this year (AP via Yahoo! News)
18 December 2009
Regulators on Friday shut down a small Georgia bank, bringing to 134 the number of U.S. banks that have failed this year amid the soured economy and mounting loan defaults.
Judge denies privacy for man connected to Nadel - Sarasota Herald-Tribune
18 December 2009
Judge denies privacy for man connected to NadelSarasota Herald-TribuneWiand says the tax returns are important because Rowe claims he does not possess any other documents, such as bank statements, that reveal how much money he ...
Scientists discover fog on Saturn's largest moon - Malaysia Sun
18 December 2009
Scientists discover fog on Saturn's largest moonMalaysia SunTechnically, fog is just a cloud or bank of clouds that touch the ground. The researchers made their discovery using data from the Visual and Infrared ...
An overtime surge - Evansville Courier & Press
18 December 2009
An overtime surgeEvansville Courier & PressNorth Posey made the most of finding the bank open late Friday night at Mater Dei's gym. The undefeated Vikings used the boost from Jourdan Cox's banked-in ...
Shoppers go retro: cash and layaway - Sarasota Herald-Tribune
18 December 2009
Shoppers go retro: cash and layawaySarasota Herald-TribuneThey're paying with cash or direct debits from bank accounts, taking advantage of free financing and even cashing in frequent-flyer miles. ...
Knight Frank: London's luxury residential sector ends the year on a high - The FINANCIAL
18 December 2009
Knight Frank: London's luxury residential sector ends the year on a highThe FINANCIALHowever, it does not seem to have affected more senior bank staff. In the seven days following the pre-budget report, four of Knight Frank's central London ...
Four out of 10 Recent Buyers Relied on FHA Loans, Says NAR - The FINANCIAL
18 December 2009
Four out of 10 Recent Buyers Relied on FHA Loans, Says NARThe FINANCIALThe FINANCIAL -- According to the most recent Realtors Confidence Index, 39 percent of recent buyers purchased a home with a Federal Housing ...and more »...
BMV relaxes on SecureID - Henderson Gleaner
18 December 2009
BMV relaxes on SecureIDHenderson Gleaner... while Social Security cards and tax forms could prove your Social Security number and utility bills or bank statements could prove Indiana residency. ...and more »...