Indian Cryptocurrency exchange Koinex on Thursday announced its decision to shut down all of its digital assets. on.
· Regulators shut down 7 banks. Friday marked the largest number of banks closed since July 23, when the FDIC also closed seven banks, according to the FDIC’s website. The closed banks are the First Arizona Savings in Scottsdale, Arizona; First Bank of Jacksonville, Jacksonville, Florida; The First National Bank of Barnesville, in Barnesville,
Three financial institutions with operations in Las Vegas have been shut down by state and federal regulators. The latest was Las vegas-based community bank of Nevada, seized Aug. 14 by the state’s.
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Kansas firm buys failed Bank of Whitman’s loans – A Kansas fund has bought a 25 percent stake in an LLC that houses bad loans from the Bank of Whitman, which failed in August. The limited liability corporation, set up by bank regulator the. of its.
WASHINGTON (AP) – Regulators have shut down a small bank in Illinois and one in Washington, lifting to 63 the number of U.S. bank failures this year.. Wash., agreed to assume Bank of Whitman.
NEW YORK – Regulators on Friday shut down banks in Missouri, Illinois and Iowa, pushing to 88 the number of banks that have failed this year under the weight of the soured economy and rising loan.
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Kansas firm buys failed Bank of Whitman's loans – Puget Sound. – The federal bank regulator still owns the other 75 percent of the LLC. Selling off bad assets from failed institutions helps the FDIC make up for some of its losses when it shuts down an insolvent.
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Bank of Credit and Commerce International. BCCI became the focus of a massive regulatory battle in 1991, and, on 5 July of that year, customs and bank regulators in seven countries raided and locked down records of its branch offices.
Rep. Elijah Cummings (D-Md.) questions why regulators shut down review of lenders – The servicers, including Bank of America and Wells Fargo. The slow-going process and whopping amounts spent on operations led federal regulators to shut down the system and forge a new agreement..
As the beleaguered airline ran out of funds, it shut down operations on April 17. on July 20 accepted an insolvency.
Washington state regulators closed the Bank of Whitman tonight and announced a deal for it to be acquired in part by Columbia State Bank in Tacoma.
WASHINGTON (AP) – Regulators have shut down a small bank in Illinois and one in Washington. with $110.7 million in assets and $104 million in deposits. Bank of Whitman, in Colfax, Wash., with.