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 BANKS & S&LS

  Wednesday, 23-Jul-2014 15:58 EDT
FDIC charges banker with loan misconduct
LAS VEGAS, Jan. 28 (UPI) -- Federal regulators said a former Nevada bank executive orchestrated loans that lost as much as $10 million at Silver State Bank before it failed.

BofA protests Nevada injunction
LAS VEGAS, Jan. 28 (UPI) -- Bank of America is trying to persuade a Nevada county judge to reverse an injunction that prevents 8,900 foreclosures from proceeding, court papers show.

Report: Egyptians move money from turmoil
CAIRO, Jan. 28 (UPI) -- A number of Egyptian businessmen shipped their money abroad after anti-government demonstrations began earlier this week, observers said.

Cameron outlines vision for recovery
DAVOS, Switzerland, Jan. 28 (UPI) -- Jump-starting the European economy will require a shift in direction to address deficits that took time to develop, British Prime Minister David Cameron said.

Bank sues Brink's over $64,500 in coins
FALL RIVER, Mass., Jan. 27 (UPI) -- A Massachusetts bank is suing an armored truck company over the disappearance of $64,500 in coins meant to be delivered to another institution.

Fed sticks with monetary policy as is
WASHINGTON, Jan. 26 (UPI) -- The U.S. Federal Reserve said Wednesday it would stay the course on its interest rate policy and its program to purchase government securities.

Some bankers argue against more rules
DAVOS, Switzerland, Jan. 26 (UPI) -- British and U.S. bankers, who requested anonymity at a conference in Switzerland Wednesday, said new banking regulations are counter-productive or unneeded.

Private, public failures blamed for crisis
WASHINGTON, Jan. 25 (UPI) -- A U.S. commission has concluded failures by private industry and "public stewards" were the main causes of the 2008 financial crisis, The New York Times says.

Most think bailouts were bad for U.S.
PRINCETON, N.J., Jan. 19 (UPI) -- More than half of likely U.S. voters said they think, in hindsight, bailouts were bad for the country, a Rasmussen Reports survey released Wednesday indicated.

Failed bank subject of federal lawsuit
ALPHARETTA, Ga., Jan. 19 (UPI) -- Federal banking regulators accuse eight people associated with a failed bank in Alpharetta, Ga., of gross negligence and breaching financial responsibilities.

Citigroup names John Havens COO
NEW YORK, Jan. 19 (UPI) -- U.S. banking giant Citigroup named John Havens as its president and chief operating officer Wednesday to serve under Chief Executive Officer Vikram Pandit.

Judge: $90,000 bank error must be repaid
TORONTO, Jan. 19 (UPI) -- A Canadian bank's erroneous disbursement of $90,000 in cash to an Ontario man in 2005 must be repaid plus interest, a judge has ruled.

BofA unfreezes 102,000 foreclosure cases
CHARLOTTE, N.C., Oct. 18 (UPI) -- Bank of America said Monday it had completed a review of foreclosure paperwork in 23 states and would resume court actions in those states by Oct. 25.

Floridians complain most about BoA, Chase
ST. PETERSBURG, Fla., Jan. 18 (UPI) -- Bank of America and JP-Morgan Chase topped the list of complaints against banks filed by Floridians in 2010, an analysis of state data indicates.

Ex-bank employee gives data to WikiLeaks
LONDON, Jan. 17 (UPI) -- Former Swiss banker Rudolf Elmer handed over documents listing 2,000 offshore accounts to the WikiLeaks founder Monday, saying he wanted the data reviewed.

Partial outage of Bank of America Web site
NEW YORK, Jan. 14 (UPI) -- Bank of America said some customers were unable to access their online accounts Friday because of a "routine system change" and not WikiLeaks.

Banks may pay dividends in 1st half of '11
WASHINGTON, Jan. 14 (UPI) -- The top banks in the United States are poised to begin paying dividends in the first half of 2011 after a three-year hiatus, financial analysts said.

JP Morgan Chase shuns diplomatic banking
WASHINGTON, Jan. 13 (UPI) -- JP Morgan Chase said it plans to stop serving foreign diplomats in the United States, advising them to open new bank accounts elsewhere.

Aussie bank call centers too eager to help
SYDNEY, Jan. 10 (UPI) -- A new report indicates that call-center workers at Australian banks are a little to willing to help callers access other people's accounts.

Florida bank is first to fail in 2011
ORLANDO, Fla., Jan. 8 (UPI) -- First Commercial Bank of Florida, a local bank in Orlando, became the first U.S. financial institution to fail in 2011.

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