Banking News

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Banking News - Moreover.com - 3 hours 31 min ago
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Categories: Banking News

Nevada bank becomes 11th failed bank in 2008: FDIC

Banking News - Moreover.com - 3 hours 31 min ago
WASHINGTON (Reuters) - Regulators closed Silver State Bank on Friday, the 11th U.S. bank to fail this year as the struggling economy and falling home prices take their toll on financial institutions. The Federal Deposit Insurance Corp said the Henderson,
Categories: Banking News

Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State Bank

Banking News - Moreover.com - 3 hours 32 min ago
SALT LAKE CITY, Sept. 5 /PRNewswire-FirstCall/ -- Zions Bancorporation (Nasdaq: ZION) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of Nevada,
Categories: Banking News

Zions Bancorporation' unit Nevada State Bank buys Insured Deposits of Failed Silver State Bank - Quick Facts

Banking News - Moreover.com - 3 hours 33 min ago
Zions Bancorporation (ZION: News ) said on Friday that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of Nevada, Financial Institutions Division found that Silver State
Categories: Banking News

FDIC shutters Silver State Bank of Nevada

Banking News - Moreover.com - 3 hours 34 min ago
Nevada regulators have shut down Silver State Bank. It was the 11th failure this year of a federally insured bank. Andrew McCain, son of Republican presidential nominee John McCain was a member of the bank's board, but recently stepped down for
Categories: Banking News

Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State Bank

Banking News - Moreover.com - 3 hours 37 min ago
SALT LAKE CITY, Sept 05, 2008 /PRNewswire-FirstCall via COMTEX/ -- Zions Bancorporation (ZION: Last: Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials , , ) announced today that its subsidiary, Nevada State Bank has
Categories: Banking News

Report: US government to seize Fannie Mae, Freddie Mac

Banking News - Moreover.com - 3 hours 38 min ago
Washington - The US government was preparing to take over and bailout the twin mortgage finance giants Fannie Mae and Freddie Mac, according to a New York Times report late Friday that cited officials and company executives who have been briefed on the
Categories: Banking News

Silver State Bank in Nevada is shut

Banking News - Moreover.com - 3 hours 40 min ago
The agency said depositors of Silver State Bank will continue to have full access to their deposits. The 11 failures so far this year compare with three for all of 2007, and federal banking officials have said that more banks are in danger of collapse.
Categories: Banking News

Texas bank converted to BBVA Compass

Banking News - Moreover.com - 3 hours 42 min ago
The BBVA Group, owner of Compass Bancshares Inc., completed its second conversion of Texas State Bank into the Birmingham-based banking chain.New logos emblazoned with BBVA Compass replaced old signage, symbolizing the Spanish-based conglomerates
Categories: Banking News

FDIC shutters Silver State Bank of Nevada

Banking News - Moreover.com - 3 hours 45 min ago
Nevada regulators have shut down Silver State Bank. It was the 11th failure this year of a federally insured bank. Andrew McCain, son of Republican presidential nominee John McCain was a member of the bank's board, but recently stepped down for
Categories: Banking News

Union Bank raises Rs 200 cr through bonds

Banking News - Moreover.com - 3 hours 45 min ago
(Asia Pulse Data Source via COMTEX News Network) -- Public sector lender Union Bank of India today raised additional capital to the tune of Rs 200 crore by issuing perpetual bonds. The bond carry a coupon rate of 11.15 per cent, which will be raised to
Categories: Banking News

Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State Bank

Banking News - Moreover.com - 3 hours 45 min ago
SALT LAKE CITY, Sept. 5 /PRNewswire-FirstCall/ -- Zions Bancorporation (Nasdaq: ZION - News) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of
Categories: Banking News

Jeremy Warner's Outlook: The banking crisis is not so different to previous ones, but policy response is

Banking News - Moreover.com - 3 hours 45 min ago
A grim week for economic data has been topped off with news that US unemployment last month leapt to 6.1 per cent, a much bigger rise than expected and the highest level in nearly five years. The 3 per cent-plus growth recorded for the US economy in the
Categories: Banking News

Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State Bank

Banking News - Moreover.com - 3 hours 48 min ago
SALT LAKE CITY, Sept. 5 UT-ZION-Nev-StateBank SALT LAKE CITY, Sept. 5 -- Zions Bancorporation (Nasdaq: ZION) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The
Categories: Banking News

Bank of America ready to settle securities probes

Banking News - Moreover.com - 3 hours 48 min ago
WASHINGTON -Bank of America Corp. said Friday it is ready to settle federal and state investigations into sales of risky auction-rate securities, joining eight other big investment banks that have agreed to buy back a total of more than $50 billion of
Categories: Banking News

Pershing Square Capital Management Releases Letter to U.S. Treasury Department Regarding Fannie Mae and Freddie Mac

Banking News - Moreover.com - 3 hours 49 min ago
NEW YORK--(BUSINESS WIRE)-- Management, L.P. sent the following letter today to the U.S. Treasury Department regarding Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE): September 5, 2008 The Honorable Henry M. Paulson, Jr. Secretary United States
Categories: Banking News

Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured ...

Banking News - Moreover.com - 3 hours 49 min ago
SALT LAKE CITY, Sept. 5 /PRNewswire-FirstCall/ -- Zions Bancorporation (News) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of Nevada, Financial
Categories: Banking News

India bank's new head vows to battle inflation

Banking News - Moreover.com - 3 hours 50 min ago
UMBAI -- India's new head of the Reserve Bank of India took office on Friday, pledging to wrestle d own inflation riding at 13-year highs. Duvvuri Subbarao, who was appointed for a three-year term to succeed Yaga Venugopal Reddy as governor, told
Categories: Banking News

Bank stocks slide as interest rates held

Banking News - Moreover.com - 3 hours 51 min ago
28As the Bank of England revealed that interest rates remain unchanged, bank stocks slid and contributed to a 2.5 per cent drop felt in the FTSE 100.After fervent deliberation, the Bank's Monetary Policy Committee (MPC) opted against a cut to stimulate
Categories: Banking News
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