Banks News Updates
OneWest Buys Failed Bank, Three Others Collapse as Toll Climbs (Bloomberg)
19 February 2010
Feb. 20 (Bloomberg) -- OneWest Bank, created out of the wreckage of IndyMac Bancorp, purchased a lender in Southern California as four banks were closed by regulators, sending the number of U.S. failures to 185 since 2007.
Bank Rakyat Plans to Buy Stake in Bank Agroniaga (Update1) (BusinessWeek)
19 February 2010
PT Bank Rakyat Indonesia, the nation’s second-largest lender by assets, plans to buy a stake in PT Bank Agroniaga, Bank Rakyat’s President Director Sofyan Basir told reporters in Jakarta today.
Fla. bank 17th to fail in '10 (Detroit News)
19 February 2010
Washington -- Regulators on Friday shut down small banks in Florida and Texas, boosting to 18 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades.
Regulators seize La Jolla Bank, sell it to OneWest (Los Angeles Times)
19 February 2010
Regulators shut down La Jolla Bank in San Diego County on Friday night and sold its remains to OneWest Bank, the Pasadena thrift that emerged from the ruins of failed mortgage giant IndyMac.
Regulators Close a Bank in Florida (New York Times)
19 February 2010
The shut down of Marco Community Bank brought to 17 the number of failures this year after 140 closures last year.
OneWest bank profit: $1.6 billion (Los Angeles Times)
19 February 2010
As IndyMac, it sold last year for less than that. Investors win, but the FDIC could still lose nearly $11 billion on bad loans that the Pasadena institution made before its sale. The billionaires' club of private financiers who took over the remains of IndyMac Bank from the Federal Deposit Insurance Corp. turned a profit of $1.57 billion last year...
Regulators shut small Florida bank, 17th in 2010 (AP via Yahoo! News)
19 February 2010
Regulators on Friday shut down a small bank in Florida, boosting to 17 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades.
MY UNDERSTANDING OF TRUE WEALTH - The Swazi Observer
19 February 2010
MY UNDERSTANDING OF TRUE WEALTHThe Swazi ObserverTrue wealth comes not just from how money you have in the bank, but rather from how much money you use to change the world 1 day at a time; change the world ...
ATM theft unsuccessful - Sioux Falls Argus Leader
19 February 2010
ATM theft unsuccessfulSioux Falls Argus LeaderThe bank's location on 4901 W. 41st St. has an ATM inside the first set of double doors. Two people set off the burglar alarm at 1:25 am when they moved the ...
Champions League Twenty20 venue undecided - Modi - Yahoo! Eurosport
19 February 2010
Champions League Twenty20 venue undecided - ModiYahoo! Eurosport... the tournament" and that it would take place across three venues, two of which would be the home grounds of the Standard Bank Pro20 finalists this year. ...and more »...
RBI to promote financial education among students of Karnataka - Daily News & Analysis
19 February 2010
RBI to promote financial education among students of KarnatakaDaily News & AnalysisPTI Bangalore: The Reserve Bank of India, in collaboration with Karnataka government, has proposed to promote financial education as part of its curriculam ...
Couple tours Holy Land to see how residents live - Augusta Chronicle
19 February 2010
Couple tours Holy Land to see how residents liveAugusta ChronicleBill and Marlene Johnson show a display outlining The Separation Barrier in the West Bank. The couple volunteered with an organization ...
New BofA CEO just escaped being axed - New York Post
19 February 2010
New BofA CEO just escaped being axedNew York PostBank of America's newly minted CEO Brian Moynihan was inches away from being booted by his predecessor Ken Lewis as the bank was gearing ...and more »...
Markets edge up ahead of Budget - Business Standard
19 February 2010
Markets edge up ahead of BudgetBusiness StandardSterlite, however, slipped 2.7% to Rs 766. HDFC Bank, HDFC, Hindustan Unilever, Larsen & Toubro and Sun Pharma also gained substantially (1-6%) thsi week.