Posts Tagged ‘Federal Deposit Insurance Corporation’

REVISED: FDIC-Insured Institutions Earned $28.8 Billion in The Second Quarter of 2011

Press Release FDIC-Insured Institutions Earned $28.8 Billion in The Second Quarter of 2011 Number of Banks on the “Problem List” Declined for the First Time Since 2006 Deposit Insurance Fund Balance Positive at Mid-Year FOR IMMEDIATE RELEASE August 23, 2011 Media Contact: Andrew Gray (202) 898-7192 angray@fdic.gov Commercial banks and savings institutions insured by the [...]

Wells Fargo to hire 500 employees for Washington area

Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – American Bank Wells Fargo announced Monday that it plans to hire 500 employees in the Washington D.C. area over the next few months. The new hires would include tellers, managers and personal bankers. The hiring is driven by Wells Fargo’s acquisition of Wachovia in [...]

SEC eyes crackdown and regulation on exorbitant Wall Street bonuses

Vittorio Hernandez – AHN News D.C., Washington, United States (AHN) – The U.S. Securities and Exchange Commission joined legislators and stockholders who want to rein in exorbitant Wall Street bonuses, pinpointed as the prime incentive for large banks, brokerage companies and hedge funds to take excessive risks. The excessive risk taking, in turn, is being [...]

Community & Southern Bank Takes Over Three Georgia Banks

Jeehan Fernandez – AHN News Writer Carrollton, GA, United States (AHN) – Community & Southern Bank based in Carrollton, Georgia has acquired the banking operations including all deposits of three separate financial institutions in the state following their closures. The Bank of Ellijay in Ellijay, First Commerce Community Bank in Douglasville, and The Peoples Bank [...]

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