Banks News Updates
House Panel on Bank Bailout Broadens Its Inquiry (New York Times)
15 January 2010
The investigation of secretive bank bailouts will now include the former Treasury Secretary and the former Federal Reserve Bank of New York chairman.
Suburban bank first to fail in Illinois in 2010 (Chicago Tribune)
15 January 2010
A $69.6 million-asset bank in Antioch became the first to fail in Illinois in 2010 when it was closed Friday by state and U.S. regulators. Town Community Bank and Trust's $67.4 million in deposits have been transferred to First American Bank of Elk Grove Village and will be available immediately. On Saturday the former Town Community Bank location...
Antioch bank fails; deposits transferred to Elk Grove institution (Chicago Tribune)
15 January 2010
A $69.6 million-asset bank in Antioch became the first to fail in Illinois in 2010 when it was closed Friday by state and U.S. regulators.
Germany, Singapore top World Bank trade logistics survey (AFP via Yahoo! News)
15 January 2010
Germany has emerged top and Singapore second in a new World Bank logistics survey that measures how efficiently countries trade their goods around the world.
Regulators seize 2nd and 3rd bank failures of 2010 (USA Today)
15 January 2010
Regulators have shut down two small banks in Illinois and Minnesota, the second and third bank failures of 2010 following 140 closures last year amid the weak economy and mounting loan defaults.
Bank sales 'could raise charges' (BBC News)
15 January 2010
Customers could face more branch closures and higher charges, despite plans to boost bank competition, it is claimed.
Man guilty of bank raid attempt (BBC News)
15 January 2010
A man is found guilty of trying to break into a bank in the Scottish Borders after a trial at the High Court in Aberdeen.
Hoovestal has big night at PRCA rodeo - Helena Independent Record
16 January 2010
Hoovestal has big night at PRCA rodeoHelena Independent Record(tie) Buck Lunak, Cut Bank, and Troy Solomon, Havre, 71; 7. Brendon Lemmon, Lewistown, 70; 8. Steven Smith, Cody, Wyo., 66; 9. Kyle Orr, Great Falls, 60; ...
Local politicians among those snared in the audit - Modesto Bee
16 January 2010
Local politicians among those snared in the auditModesto BeeAssemblyman Pedro Nava, D-Santa Barbara, failed to report gifts from Bank of America worth $153.63 and received $94.46 for a dinner covered by the Pechanga ...
Fury as Sir Fred starts new job - The Paisley Daily Express
16 January 2010
Fury as Sir Fred starts new jobThe Paisley Daily ExpressPoliticians expressed bemusement and "disgust" after it emerged that former Royal Bank of Scotland boss Sir Fred Goodwin started a new job at an ...and more »...
IRS's Net file system revs up - Modesto Bee
16 January 2010
IRS's Net file system revs upModesto BeeFile your federal return online and have the refund deposited directly into your bank account. The Internal Revenue Service launched its online filing ...and more »...
Mortgage plan aids 7% of borrowers - Modesto Bee
16 January 2010
Mortgage plan aids 7% of borrowersModesto BeeBut many lenders, including the nation's largest, Bank of America Corp., continue to perform poorly. BofA has completed modifications for only 1.5 percent ...and more »...
The Buzz On Business - Modesto Bee
16 January 2010
The Buzz On BusinessModesto BeeWorkers in JPMorgan's investment bank averaged roughly $380000 each. Top producers, however, are expected to collect multimillion-dollar paychecks. Gov. ...
Jews in J-Street back two-state solution - The Tennessean
16 January 2010
Jews in J-Street back two-state solutionThe TennesseanI don't want, 30 years from now, for Israeli kids to be stopping Palestinians at roadblocks in the West Bank. And I don't want Israeli kids 30 years from ...