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Tag Archives: bank
FDIC closes Boca Raton-based Sun American Bank
FDIC closes Boca Raton-based Sun American Bank The Federal Deposit Insurance Corporation closed the 12 branches of Sun American Bank, based in Boca Raton. First-Citizens Bank & Trust Co. of Raleigh, N.C. will assume all of the deposits and re-open the bank for business on Monday. Sun Read More...
Posted in Business Insurance
Also tagged 5 million, American, bank trust, Boca, boca raton, closes, Corporation, deposit, deposit insurance corporation, Fdic, Federal, federal deposit insurance, federal deposit insurance corporation, first citizens bank, Insurance, N.C., Raleigh, Raton, Raton-based, Ratonbased, Read, sun sentinel, trust co
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Standard Chartered to buy GE’s Hong Kong consumer finance business
Standard Chartered to buy GE’s Hong Kong consumer finance business HONG KONG: Standard Chartered Bank plc said it had agreed to buy General Electric Corp’s Hong Kong consumer finance business, a transaction that will add a roughly US$1 billion (US$1 = RM3.41) mortgage portfolio to the Read More...
Posted in Business Insurance
Also tagged business, business hong kong, business times, Chartered, chartered bank plc, consumer, consumer banking, consumer finance, corp, Electric, finance, finance business, GE's, General, general electric, HONG, HONG KONG, Kong, mortgage portfolio, Plc, Read, Standard, standard chartered bank, standard chartered bank plc, US
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Lawmakers question GMAC rescue
Lawmakers question GMAC rescue The federal government went to extraordinary lengths to save the auto financing company GMAC. It was the only bank to get three separate rounds of federal aid — the most recent in December, even as the broader bailout was winding down — and it is the Read More...
Posted in Auto Insurance
Also tagged aid, Auto, auto financing, bailout, Company, December, federal government, Financing, financing company, GMAC, government, lawmakers, question, Read, Rescue, washington post
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Economy Prompts Fresh Look at ND’s Socialist Bank
Economy Prompts Fresh Look at ND’s Socialist Bank by Dale Wetzel BISMARCK, N.D. – It has no automatic tellers or drive-up windows, doesn’t issue credit cards, and tends only a few thousand checking and savings accounts. Its only location is a glass, steamboat-shaped headquarters Read More...
Posted in Auto Insurance
Also tagged assembly plant, auto assembly, automatic tellers, bank of north dakota, BISMARCK, checking, Credit, Dale Wetzel, Economy, Fresh, fresh look, glass, Headquarters, issue credit cards, location, Look, Missouri River, N.D, ND's, Prompts, Read, socialist, steamboat
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Bank of Beijing Cleared To Buy Into ING Insurance JV
Bank of Beijing Cleared To Buy Into ING Insurance JV (Adds Bank of Beijing’s comments on stake purchase.) SHANGHAI -(Dow Jones)- China’s regulators approved Bank of Beijing Co.’s (601169.SH) plan to buy into a 50-50 China insurance joint venture with I… Read more on Read More...
Posted in Business Insurance
Also tagged Beijing, China, china insurance, Cleared, Dow, dow jones, ing, ing insurance, Insurance, Into, joint venture, Jones, jv, plan, purchase, Read, Regulators, SHANGHAI, stake
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Community Bank Shares of Indiana, Inc. Reports 4th Quarter Net Income Available to Common Shareholders of $1.1 Million
Community Bank Shares of Indiana, Inc. Reports 4th Quarter Net Income Available to Common Shareholders of $1.1 Million NEW ALBANY, Ind.—-Community Bank Shares of Indiana, Inc. reported fourth quarter net income available to common shareholders of $1.1 million, a 53% increase over the Read More...
Posted in Life Insurance
Also tagged $1.1, 1 million, ALBANY, Available, business wire, Common, community, community bank shares, community bank shares of indiana, community bank shares of indiana inc, finance, Inc, income, Ind., Indiana, Million, net, net income, New, new albany, quarter, Read, Reports, shareholders, Shares, yahoo
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United Community Bancorp Reports Second Quarter Results
United Community Bancorp Reports Second Quarter Results United Community Bancorp , the holding company for United Community Bank , today reported net income of $476,000, or $0.06 per diluted share, for the quarter ended December 31, 2009, compared to net income of $262,000, or $0.03 per diluted Read More...
Posted in Life Insurance
Also tagged  Net, Bancorp, community, community bancorp, Company, December, december 31, diluted share, holding company, income, net income, pr newswire, quarter, quarter ended december, quarter results, Read, Reports, Results, Second, share, today, United, united community bank, yahoo finance
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Central Pacific Financial Corp. Reports Fourth Quarter 2009 Results
Central Pacific Financial Corp. Reports Fourth Quarter 2009 Results Central Pacific Financial Corp. , parent company of Central Pacific Bank, today reported a net loss for the fourth quarter of 2009 of $77.8 million, or $2.64 per diluted share, compared to net income of $3.1 million, or $0.11 per Read More...
Posted in Life Insurance
Also tagged 1 million, 2009, Â The, Central, central pacific financial corp, Company, corp, diluted share, Financial, Fourth, fourth quarter, loss, net income, Pacific, pacific financial corp, parent, parent company, pr newswire, quarter, Read, Reports, Results, share, yahoo, yahoo finance
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MONEY & BANKING
MONEY & BANKING INSIGHT: Going ahead with bank mergers The consolidation of public sector banks has been on the agenda for many years, but despite many an effort precious little has been achieved on the ground. The first mistake was made at the time of nationalisation of 14 banks in 1969, Read More...
Posted in Life Insurance
Also tagged agenda, bank mergers, Banking, consolidation, effort, first mistake, ground, hindu, insight, mistake, money, nationalisation, precious little, public sector banks, Read, sector
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