<ul><li>Feb. 1–STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) is set to buy dollars from the domestic market to pay for National Power Corp.’s (Napocor) maturing foreign debt, an official of the Philippine central b…
Last week was a terrible week for riskier assets. Fears in the market about Greece’s fiscal situation continued to reek havoc on European bonds, currencies, commodities and the equity markets. At one point, Greek 10 year yields moved up 5…
<ul><li>Jan. 30–The financial empire that investment guru Trevor Cook and 81-year-old radio pitchman Pat Kiley built together is gradually going the way of Rome, via the auction house. </li><li>On Monday, U.S. District Judge Mi…
<ul><li>Jan. 30–American Marine Bank was shut down by state regulators Friday evening, becoming the third Washington-based bank to fail this month — as many as went under in all of 2009. </li><li>Its operations were taken over…
<ul><li>Jan. 30–There was plenty of bad news in Frontier Financial’s earnings report Friday: losses of $33.9 million for the quarter and $258.8 million for the year, $341.5 million in charged-off loans, and shrinking capital ratios that ha…
SAO PAULO, Jan 30 (Reuters) – Braskem ,
Latin America’s largest petrochemical company, may unveil as
soon as Monday the purchase of U.S.-based Sunoco Inc.’s
petrochemical assets for about $400 million, O Estado de
S.Paulo newspaper reported on Saturda…
<ul><li>Jan. 30–Federal regulators shut down Marshall Bank of Hallock late Friday and sold all of its assets and deposits to a larger bank in North Dakota. </li><li>The Federal Deposit Insurance Corp. was appointed receiver of …
<ul><li>SCBT Financial Corporation (NASDAQ: SCBT) announced that its bank subsidiary, SCBT, N.A., has entered into a purchase and assumption agreement with loss share arrangements with the Federal Deposit Insurance Corporation ("…
<ul><li>WASHINGTON – Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Washington. </li><li>The failure of Los Angeles-based First Regional Bank, with…
<ul><li>RALEIGH, N.C., Jan. 29, 2010 (GLOBE NEWSWIRE) — First Citizens Bank, the primary subsidiary of Raleigh-headquartered First Citizens BancShares (Nasdaq:FCNCA), announced today that it has entered into an agreement with the Federal D…