Fri, Jul 10th, 2009
NEW YORK (AP) - Regulators on Friday shut Bank of Wyoming, marking the 53rd failure this year of a federally insured bank.
The Federal Deposit Insurance Corp. was appointed receiver of the failed bank, based in Thermopolis, Wyo. It had $70 million in assets and $67 million in deposits as of June 30.
The FDIC says Central Bank & Trust of Lander, Wyo., will assume all deposits and purchase about $55 million in assets. The FDIC will retain the remaining assets to sell later.
Related stories from top sites:
U.S. Regulators to BofA: Obey or Else
Jul 2nd, 2009 - Wall Street Journal
Bank of America Corp. is operating under a secret regulatory sanction that requires it to overhaul its board and address perceived problems with risk and liquidity management...
Southwest 737 inspections turn up no problems
Jul 2nd, 2009 - Reuters
* US safety investigators launch probe * 737-300s a third of Southwest's fleet (recasts, adds FAA comment, Boeing, NTSB investigation) NEW YORK/WASHINGTON, July 14 (Reuters)...
'The Bachelorette' recap: Failure to Launch
Jul 2nd, 2009 - Entertainment Weekly
Aloha, Bachelorette lovers! This week's episode confirmed that poor Jillian is reality TV's answer to Job. She's been lied to, abandoned, had her feet molested by a P(ervert) — and now, she's been rejected by a suitor's penis...
CIT working on survival plan: report
Jul 2nd, 2009 - Reuters
(Reuters) - CIT Group Inc, a commercial U.S. lender struggling to finance its business, said late on Sunday that it remains in active discussions with regulators on measures to improve its near-term liquidity position.
FDIC seeks stronger rules for sale of failed banks
Jul 2nd, 2009 - Salon.com
Jul 2nd, 2009 | WASHINGTON -- Private equity firms seeking to buy failed banks would face strict capitalization and disclosure requirements under government rules proposed Thursday that some regulators already warn may go too far.
Related videos from YouTube:
- Governor Corzine on Morning Joe...systematic oversight of the derivatives markets and that is another part of what his plan suggested. You need somehow to coordinate the regulators. I personally would just have the Federal Reserve do that ...
Leave a Reply