Accourding to Mercurynews IndyMac Bank’s assets were seized by federal regulators on 11th July 2008. Regulators said it is the second largest financial institution to close in U.S. history. The bank succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures. "This institution failed today due to a liquidity crisis," OTS Director […]
Investor Alert: Deadline upcoming in Settlement in Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) Investor Securities Class Action Lawsuit
The Shareholders Foundation announces that a deadline is coming up on April 3, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) between November 8, 2006 and September 5, 2008. Investors who purchased a significant amount […]
Important – Federal Authorities Are Warning People About ATM Hackers
Readers I just read an AOL.Com report today that I felt needed to be passed on to those people who may not have seen the report. The federal government is concerned about thieves targeting ATM machines for people who use a debit card. “Hackers are installing malware on bank computer networks and changing ATM settings […]
Florida Regulators Stop Admissions to Troubled Youth Facility
Authorities in Florida have halted admissions to a Manatee County psychiatric hospital for children and adolescents operated by a subsidiary of Psychiatric Solutions Inc. The move marked the latest regulatory trouble for the Tennessee-based chain, which is the nation’s leading provider of inpatient mental health care and which has been the subject of several stories […]
Citi Seeking More Federal Aid
Citigroup executives have approached federal regulators to discuss steps the government could take to strengthen the troubled company, according to two people familiar with the matter. The giant New York bank is under mounting pressure to convince investors that it can survive its financial problems. The government already has invested $45 billion in Citigroup and […]
Two more banks shutdown by regulators in US
Regulators have closed two more US banks, taking the total number of bank failure this year to 19. Texas based Prosperity Bank agreed to assume the USD 3.7 billion in deposit held by the failed Houston based Franklin Bank and purchase USD 850 million in assets, leaving the Federal Deposit insurance.Crop to dispose off remaining […]
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