Recent Event Highlights: Magnolia Shoppes hit with foreclosure - South Florida Business Journal, Judge Sides With Colonial Over Employees In Deferred Pay Fight - Wall Street Journal, FDIC To Seek Dismissal Of Colonial Bank Tax Refund Suit - Wall Street Journal, US Prosecutors Charge Lee Farkas With 16 Fraud Counts - Wall Street Journal, BB takes over Colonial bank, and 7 more...
Created by dipity on Aug 14, 2009
Last updated: 09/11/10 at 10:01 PM
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Citigroup, Inc (NYSE: C) Comments on Impact of Oil Spill on BanksAmerican Banking NewsIn addition, BBT's exposure to these states is significantly mitigated by the bank's loss-sharing agreement with the FDIC in connection with the acquisition ...and more »
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Kids have a blast at annual Drifter baseball campJournal Press - King GeorgeCoach Swope also thanks High Tides on the Potomac, BB&T, Union First Market Bank, McDonalds, J5 Real Estate Investment, Creative Woodwork, Imagine One, ...
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNENZz_lgfJBM7EmQmXUd3JRgP7ygw&url=http://www.journalpress.com/sports/1825
Depositors benefit from bank bustsPalm Beach PostRiverside National Bank was absorbed by the four-star TD Bank, and Colonial Bank was taken over by the four-star BB&T. That's not to say the failures are ...
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Magnolia Shoppes hit with foreclosureSouth Florida Business JournalIt concerns a mortgage last modified at $21.8 million in 2007 by Colonial Bank, which failed in 2009. BB&T acquired its assets under a loss-sharing ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGrdT7rCnGmfODqyuAI3argG4Tmdw&url=http://southflorida.bizjournals.com/southflorida/stories/2010/06/28/daily57.html
Hard to Beat BB&TBarron'sIn accordance with revised regulatory guidelines, BB&T has adjusted TDR balances to reflect their conservative interpretation of the updated rules resulting ...
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHlWsYk6tSQVjE1PtGIyfAquIGGbA&url=http://online.barrons.com/article/SB50001424052970203296004575341191073731292.html
Judge Sides With Colonial Over Employees In Deferred Pay FightWall Street JournalThe FDIC was named receiver of Colonial Bank after regulators seized the Montgomery, Ala., bank in the summer of 2009 and sold its assets to BB&T Corp. ...IN RE COLONIAL BANCGROUP, INC.Leagle.comall 7 news articles »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGitUaTF9sXeUItfNSVOZDiq9Iegw&url=http://online.wsj.com/article/BT-CO-20100628-709630.html
PEOPLE IN BUSINESSMontgomery AdvertiserParrish served for 26 years with Colonial Bank and BB&T, including 11 years in senior leadership roles. Warren, Averett, Kimbrough & Marino named several ...and more »
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FDIC To Seek Dismissal Of Colonial Bank Tax Refund SuitWall Street JournalThe FDIC, which says Colonial Bank's failure will cost its deposit-insurance fund $2.8 billion, sold Colonial Bank's assets to BB&T Corp. (BBT). ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFScOj5qTVAiMGDd2s6Vt3eDMZ3LA&url=http://online.wsj.com/article/BT-CO-20100625-708411.html
BB&T: In Better Shape Than Peers, Bove SaysBarron's (blog)Bove writes that BB&T could also benefit from new exposure on the Gulf Coast, following its acquisition of the failed Colonial Bank, whose losses are 95% ...
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGORSKZcz2qzWuiODDSOh62IDNyxw&url=http://blogs.barrons.com/stockstowatchtoday/2010/06/18/bbt-in-better-shape-than-peers-bove-says/?mod%3Drss_BOLBlog
US Prosecutors Charge Lee Farkas With 16 Fraud CountsWall Street JournalColonial Bank eventually failed. It was closed by Alabama regulators in August of 2009, and its deposits were sold to Branch, Banking and Trust (BBT), ...Feds to announce major mortgage fraud caseLos Angeles Times (blog)Federal agencies defrauded, prosecutors nail Lee Bentley Farkas of Taylor ...Examiner.comMortgage company executive charged with fraud in connection with bank scheme ...BailoutSleuth.com (blog)Before It's News -al.com (blog) -The Am Law Dailyall 505 news articles »
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Aug 16, 2009 - recorded 15:00 EDT Credit tightening threatens China's 'giant Ponzi scheme': www.telegraph.co.uk Chinese Christmas exporters hit by global recession: www.guardian.co.uk France and Germany lead the West out of recession: www.telegraph.co.uk Keynes rescues France and Germany; Club Med lost: www.telegraph.co.uk French shoppers sceptical of recovery: www.guardian.co.uk Bradford & Bingley posts loss, bad debts soar: www.telegraph.co.uk Mortgage lenders turn backs on those in risky businesses: business.timesonline.co.uk Repossessions to rise sharply: www.telegraph.co.uk Europe and US still at risk from deflation trap: www.telegraph.co.uk There's no quick fix to the global economy's excess capacity: www.telegraph.co.uk Colonial BancGroup becomes biggest bank failure of 2009: www.marketwatch.com BB&T takes over Colonial after biggest US failure since WaMu: www.financialpost.com RBS uber-bear issues fresh alert on global stock markets www.telegraph.co.uk Peace and Love
Excerpt
US sees biggest bank failure since Washington Mutual’s collapse last year.
Colonial BancGroup Inc, the Alabama lender facing a criminal probe, had its banking operations closed by regulators and taken over by BB&T Corp in the biggest failure since
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