banking-esignatures.blogspot.com
Banking News: February 2009
http://banking-esignatures.blogspot.com/2009_02_01_archive.html
Thursday, February 19, 2009. US, UBS in high stakes battle over banking secrecy. WASHINGTON (AFP) – Swiss bank UBS and US authorities Thursday were locked in a high-stakes legal tussle over banking secrecy despite a pact meant to settle a gigantic tax fraud case shaking the Swiss banking industry. At a time when millions of Americans are losing their jobs, their homes and their health care, it is appalling that more than 50,000 of the wealthiest among us have actively sought to evade their civic and lega...
banking-esignatures.blogspot.com
Banking News: Administration seeks to free frozen credit markets
http://banking-esignatures.blogspot.com/2009/03/administration-seeks-to-free-frozen.html
Monday, March 23, 2009. Administration seeks to free frozen credit markets. WASHINGTON – The Obama administration launched a new effort Monday to end a paralysis in lending, saying it will team with investors to sop up a half-trillion dollars of bad assets from banks that have been reluctant to make loans to consumers and companies. Obama called it "one more critical element" in a multi-pronged effort to revive the economy and said the depressed housing market is beginning to show glimmers of hope. Wall ...
banking-esignatures.blogspot.com
Banking News: WaMu holding company sues FDIC over bank seizure
http://banking-esignatures.blogspot.com/2009/03/wamu-holding-company-sues-fdic-over.html
Monday, March 23, 2009. WaMu holding company sues FDIC over bank seizure. SEATTLE – Washington Mutual's holding company is suing federal regulators for billions of dollars, saying the firesale of the bank's assets to JPMorgan Chase violated its rights. The lawsuit was filed Friday in federal court against the Federal Deposit Insurance Corp., which seized the Seattle-based savings and loan in September. It was the largest bank failure in U.S. history. Subscribe to: Post Comments (Atom).
banking-esignatures.blogspot.com
Banking News: March 2009
http://banking-esignatures.blogspot.com/2009_03_01_archive.html
Monday, March 30, 2009. Bank CEOs voice support for Obama's economic plans. WASHINGTON (Reuters) – President Barack Obama won support from top bankers on Friday for his efforts to rid financial institutions of bad debts, but differences remained over broader U.S. plans for the financial industry. Chief executives from Wells Fargo, JP Morgan Chase and other financial giants met Obama at the White House and echoed his call for cooperation to help the economy. The president opened up by talking about the im...
banking-esignatures.blogspot.com
Banking News: April 2009
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Thursday, April 23, 2009. BofA's Lewis: Feds urged Merrill purchase. By IEVA M. AUGSTUMS and STEPHEN BERNARD, AP Business Writers Ieva M. Augstums And Stephen Bernard, Ap Business Writers – 29 mins ago. CHARLOTTE, N.C. – New York's attorney general said Thursday government officials pressured Bank of America Corp. CEO Ken Lewis to complete the bank's purchase of Merrill Lynch, threatening his job security. Bank of America completed its purchase of New York-based Merrill Lynch on Jan. 1. Lewis' testimony ...
banking-esignatures.blogspot.com
Banking News: Treasury provides $284.7M to 22 banks from bailout
http://banking-esignatures.blogspot.com/2009/03/treasury-provides-2847m-to-22-banks.html
Tuesday, March 10, 2009. Treasury provides $284.7M to 22 banks from bailout. WASHINGTON – The Treasury Department has provided $284.7 million to 22 banks in the latest payments from the government's $700 billion financial rescue fund. The government is buying preferred stock in banks as a way to bolster their balance sheets in hopes of getting them to resume more normal lending. With the new payments, the government said Tuesday it has spent $197 billion on this part of bailout. The purchase of bank stoc...
banking-esignatures.blogspot.com
Banking News: Bank CEOs voice support for Obama's economic plans
http://banking-esignatures.blogspot.com/2009/03/bank-ceos-voice-support-for-obamas.html
Monday, March 30, 2009. Bank CEOs voice support for Obama's economic plans. WASHINGTON (Reuters) – President Barack Obama won support from top bankers on Friday for his efforts to rid financial institutions of bad debts, but differences remained over broader U.S. plans for the financial industry. Chief executives from Wells Fargo, JP Morgan Chase and other financial giants met Obama at the White House and echoed his call for cooperation to help the economy. The president opened up by talking about the im...
insurance-esignatures.blogspot.com
Insurance News: April 2009
http://insurance-esignatures.blogspot.com/2009_04_01_archive.html
Thursday, April 23, 2009. Hartford Is Said to Seek Bids for Property Insurance Unit. April 23 (Bloomberg) - Hartford Financial Services Group Inc. Is seeking bids from rivals including Travelers Cos. For its flagship property insurance business, said people familiar with the matter, in a sign that damage from the financial crisis may lead to a wholesale breakup of the 199-year-old insurer. Hartford, pummeled by credit downgrades. Chief Executive Officer Ramani Ayer. Ended without a deal, the people said&...
insurance-esignatures.blogspot.com
Insurance News: February 2009
http://insurance-esignatures.blogspot.com/2009_02_01_archive.html
Thursday, February 19, 2009. Insurance Commissioner OKs State Farm's Exit From Florida. By RUSSELL RAY The Tampa Tribune. Published: February 13, 2009. Updated: 02/13/2009 02:32 pm. Florida Insurance Commissioner Kevin McCarty. Today approved State Farm's exit from Florida under a plan that would keep state-run Citizens Property Insurance. McCarty approved the company's plan to drop some 800,000 homeowners policies. Has 21 days to agree to McCarty's conditions or request an appeal. State Farm's plan call...
