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September 25, 2009: Colonial Bancgroup: Chapter 11 bankruptcy and liquidation Bank holding company [67] October 5, 2009: Hypo Alpe Adria Bank: Government of Austria: Bank, Mortgage lender [68] October 21, 2009: DSB Bank: Bank, Insurance [69] October 30, 2009: Cal National Bank: US Bancorp: Consumer and business bank [70] December 4, 2009 ...
October 2, 2009: Central Bank 56 98 South Colorado National Bank Pueblo: Colorado October 2, 2009: Legacy Bank 40 99 San Joaquin Bank Bakersfield: California October 16, 2009: Citizens Business Bank 775 100 Partners Bank Naples: Florida October 23, 2009: Stonegate Bank 66 101 American United Bank Lawrenceville: Georgia October 23, 2009: Ameris ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Citigroup was for decades a top underwriter of state and local government debt, making the bank a major financier of roads, bridges, and airports across the US.Now it wants out of that business ...
Step aside, John Paulson -- there's competition for reaping billions from bets on the financial sector, and it comes from Uncle Sam. The government, which owns 34 percent of Citigroup (C ...
Unlike the Bush administration, Obama did not permit a $639 billion bankruptcy -- Lehman Brothers -- whose collapse nearly caused social chaos as people Why CIT Group's bankruptcy doesn't matter ...
March 6, 2009: The Dow Jones hit its lowest level of 6,469.95, a drop of 54% from its peak of 14,164 on October 9, 2007, over a span of 17 months, before beginning to recover. [ 187 ] March 10, 2009: Shares of Citigroup rose 38% after the CEO said that the company was profitable in the first two months of the year and expressed optimism about ...
The following post rounds up the companies making headlines today: Citigroup Inc. (C) is using its $45 billion in TARP funds it received to make nearly that much in new loans. The loans being ...