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Sat, 7 Nov 2009 13:13:00 GMT

Fitch downgrades DL, warns of possible UA, AA, US bankruptcy filings

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Sat, 7 Nov 2009 13:13:00 GMT

Another U.S. bank fails in Georgia

SAN FRANCISCO (MarketWatch) - Another bank went under in Georgia Friday afternoon. United Security Bank of Sparta, Ga. became the 116th U.S. bank of the year to fail, according to the Federal Deposit Insurance Corp. Ameris Bank of Moultrie, Ga. will
Sat, 7 Nov 2009 12:57:00 GMT

Five more US banks fail; 2009 tally hits 120

US regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans. The Federal Deposit Insurance took over
Sat, 7 Nov 2009 12:23:00 GMT

Regulators shut small banks in four states; marks 119 US bank failures this year

Regulators on Friday shut small banks in Georgia, Michigan, Minnesota and Missouri, bringing the number of bank failures this year to 119 amid the struggling economy and a cascade of defaults on loans. The U.S. Federal Deposit Insurance Corp. took over
Sat, 7 Nov 2009 09:57:00 GMT

Regulators shut small banks in Georgia, Michigan; marks 117 U.S. bank failures

WASHINGTON - Regulators have shut small banks in Georgia and Michigan, bringing the number of bank failures this year to 117 amid the struggling economy and a cascade of defaults on loans. The Federal Deposit Insurance Corp. on Friday took over United
Sat, 7 Nov 2009 09:57:00 GMT

Bank of America Corp. Reports Operating Results (10-Q)

Bank of America Corp. (BAC) filed Quarterly Report for the period ended 2009-09-30. Bank of America Corp. is one of the world's leading financial services companies. Bank of America provides individuals small businesses and commercial corporate and
Sat, 7 Nov 2009 09:47:00 GMT

Weary Bank of America Shareholders Getting Antsy

That loud ticking you hear is Ken Lewis' tenure running out. Bank of America Corp.'s shareholders won't miss the sound. 'Investors are used to getting quick fixes, and this is undoubtedly playing on their nerves,' said Marshall Front, the chairman of the
Sat, 7 Nov 2009 08:38:00 GMT

Big California bank fails, has China branches

Washington: United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the transaction
Sat, 7 Nov 2009 07:54:00 GMT

UPDATE 2-Big California bank fails, has China branches

* Beijing says China operations of closed bank are sound (Adds Chinese regulator, Minsheng background in paras 8-12) WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on
Sat, 7 Nov 2009 07:53:00 GMT

Big California bank fails, has China branches

United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the transaction made it the
Sat, 7 Nov 2009 07:51:00 GMT

PNC Announces Integration of NC4 with PNC Equipment Finance

Combined Organization Delivers Wide Array of Equipment Finance Solutions (PRWEB) November 6, 2009 -- PNC (NYSE: PNC) announced today that PNC Equipment Finance and National City Commercial Capital Company (NC4) have joined under one name as PNC Equipment
Sat, 7 Nov 2009 07:37:00 GMT

Wells Fargo Estimates Impact of New Overdraft Fee Policies

In its SEC 10-Q filing today, Wells Fargo estimated that the impact of its new overdraft fee policies will be a $300 million after tax reduction in its fee revenue for 2010. Quoting: "We recently announced policy changes that will help customers limit
Sat, 7 Nov 2009 07:03:00 GMT

UPDATE 2-Big California bank fails, has China branches

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Sat, 7 Nov 2009 06:57:00 GMT

UPDATE 2-Big California bank fails, has China branches

WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West
Sat, 7 Nov 2009 06:39:00 GMT

UPDATE 2-Big California bank fails, has China branches

East West said the transaction made it the second-largest independent bank in California. Based in Pasadena, East West has 137 U.S. branches, including offices in New York, Atlanta, Boston and Seattle, and four in China. United Commercial Bank, with
Sat, 7 Nov 2009 06:37:00 GMT

UPDATE 2-Big California bank fails, has China branches

WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said
Sat, 7 Nov 2009 06:33:00 GMT

UPDATE 2-Big California bank fails, has China branches

WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said
Sat, 7 Nov 2009 06:33:00 GMT

UPDATE 2-Big California bank fails, has China branches

* Big San Francisco bank serving Chinese community closed * UCB, bought by East West, is 120th U.S. failure this year * Beijing says China operations of closed bank are sound (Adds Chinese regulator, Minsheng background in paras 8-12) WASHINGTON, Nov 6
Sat, 7 Nov 2009 06:20:00 GMT

UPDATE 2-Big California bank fails, has China branches

* Big San Francisco bank serving Chinese community closed * UCB, bought by East West, is 120th U.S. failure this year * Beijing says China operations of closed bank are sound (Adds Chinese regulator, Minsheng background in paras 8-12) WASHINGTON, Nov 6
Sat, 7 Nov 2009 06:20:00 GMT

Big California bank fails has China branches

WASHINGTON, Nov 6 - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said th ...
Sat, 7 Nov 2009 06:10:00 GMT

Big California bank fails, has China branches

WASHINGTON, Nov 6 - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the
Sat, 7 Nov 2009 05:58:00 GMT

Wells Fargo's Mortgage Conversion Scheme: Delaying the Inevitable

If you are not familiar with what an option ARM mortgage is, read this piece []. I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep, I knew about those. Alt A
Sat, 7 Nov 2009 05:37:00 GMT

National City branches in northwestern Pennsylvania will become part of PNC

It's been more than a year since Pittsburgh-based PNC Financial Services Group agreed to buy Cleveland's National City Corp. One of the last pieces of that merger falls into place this weekend as National City branches in western Pennsylvania officially
Sat, 7 Nov 2009 05:24:00 GMT

National City becoming PNC on Monday

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Sat, 7 Nov 2009 05:23:00 GMT

U.S. banks borrow more from the emergency Fed program this week

WASHINGTON -- Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week, while reducing their use of other credit programs designed to ease the financial crisis. The Fed said commercial banks averaged US$22.6
Sat, 7 Nov 2009 05:15:00 GMT

UPDATE 1-Big California bank fails, has China branches

WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West
Sat, 7 Nov 2009 05:12:00 GMT

National City becoming PNC on Monday

Customers of National City Bank will notice some changes when they visit their favorite branches Monday morning -- starting with the sign in front of the building. About 80 National City branches in the Pittsburgh area will close at 4 p.m. today while
Sat, 7 Nov 2009 05:11:00 GMT

UPDATE 1-Big California bank fails, has China branches

Extract not available.
Sat, 7 Nov 2009 05:05:00 GMT

Big California bank fails, has China branches

WASHINGTON (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the
Sat, 7 Nov 2009 05:02:00 GMT

Five more US bank failures bring total for 2009 to 120

New York� - Bank failures in the United States have risen to 120 this year as five more regional institutions were added to the list, the US agency that guarantees the safety of bank deposits said. United Commercial Bank in San Francisco with assets of
Sat, 7 Nov 2009 04:59:00 GMT