Report: Bank of America sells First Republic Bank to private-equity group for more than $1BOctober 21st, 2009 Report: BofA sells First Republic BankCHARLOTTE, N.C. — Bank of America Corp.
TD Bank says it will refund fees charged after an inconvenient computer glitchOctober 2nd, 2009 TD Bank says it will refund fees from glitchCHERRY HILL, N.J. — TD Bank says it will reimburse customers who incur fees because of computer problems that have delayed transaction postings all week.
Bank of America sells part of Columbia Management to Ameriprise Financial for as much as $1.2BSeptember 30th, 2009 BofA sells some asset management ops to AmeripriseNEW YORK — Bank of America Corp. said Wednesday it is selling the long-term asset management business of one of its units to Ameriprise Financial Inc.
TD Bank experiences transaction posting delay after combining systems with Commerce BankSeptember 30th, 2009 TD Bank experiences transaction posting delaySAN FRANCISCO — Some TD Bank customers cannot see up-to-date account information due to a glitch related to its combination with New Jersey-based Commerce Bank. TD Bank spokeswoman Rebecca Acevedo said Wednesday that the bank is experiencing an overnight transaction posting delay.
LA-based Nara Bank strikes deal with prosecutors in discrimination caseSeptember 30th, 2009 LA-based bank strikes deal in discrimination caseLOS ANGELES — Federal prosecutors have announced a settlement with a Los Angeles-based bank that was sued along with two auto dealerships for allegedly charging non-Asian customers higher interest rates on car loans. Under the agreement, Nara Bank will pay up to $410,000 to customers who were overcharged, according to a Department of Justice news release.
UnionBanCal to get $2B cash infusion from parent Bank of Tokyo-Mitsubishi UFJSeptember 25th, 2009 UnionBanCal to get $2B cash infusion from parentSAN FRANCISCO — UnionBanCal Corp. said Friday it will receive a $2 billion capital infusion from its parent company, The Bank of Tokyo-Mitsubishi UFJ Ltd., by Sept.
Regulators close banks in Illinois and Minnesota; 91 bank failures so far this yearSeptember 11th, 2009 MB Financial to take over Corus Bank branchesCHARLOTTE, N.C. — Federal regulators on Friday said they seized Corus Bancshares Inc., a Chicago lender to condominium, office and hotel projects, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults.
CVB Financial buys back preferred stock from Treasury DepartmentSeptember 2nd, 2009 CVB Financial buys back stock from governmentONTARIO, Calif. — CVB Financial Corp.
NewStar Financial terminates acquisition of Southern Commerce BankAugust 19th, 2009 NewStar Financial won't acquire Southern CommerceBOSTON — Commercial finance company Newstar Financial Inc. said Wednesday it halted plans to acquire Southern Commerce Bank.
Australian bank ANZ to buy some of Royal Bank of Scotland's Asian businesses in $550 mln dealAugust 4th, 2009 Australian bank to buy some RBS businesses in AsiaSYDNEY — Australia and New Zealand Banking Group Ltd. said Tuesday it had agreed to buy some Asian businesses of the Royal Bank of Scotland in a $550 million deal that advances the lender's regional expansion strategy.
CVB Financial launches offering of $115 million in common stockJuly 21st, 2009 CVB Financial launches stock offeringONTARIO, Calif. — CVB Financial Corp.
German mail operator Deutsche Post sells remaining Deutsche Bank sharesJuly 6th, 2009 Deutsche Post completes Deutsche Bank share saleFRANKFURT — German mail and logistics company Deutsche Post AG has sold off its remaining shares in Deutsche Bank AG, the company said Monday. The sale of the shares, which it received in the recent sale of its retail bank Postbank AG unit to Deutsche Bank, amounted to about €100 million ($140 million) more than it anticipated, Bonn-based Deutsche Post said.
CNB Financial Corp. of Worcester opts for merger with UFB, ends merger with Berkshire BankJune 26th, 2009 CNB Financial of Worcester opts for UFB mergerWORCESTER, Mass. — CNB Financial Corp.
British gov't to own London 2012 Olympic Village after recession forces $491M bailoutMay 13th, 2009 British gov't to own London 2012 VillageLONDON — The British government put another $491 million of public money into the Olympic Village for the 2012 London Games after being unable to secure private financing because of the recession. The government said Wednesday it could have accepted a private bid for the project, which includes 2,800 apartments, but the offer was too low.
Bank of America CEO Lewis 'comfortable' with capital position; gov't says needs $33.9B moreMay 8th, 2009 BofA Lewis 'comfortable' with capital positionCHARLOTTE, N.C. — Bank of America's CEO Ken Lewis says he is "comfortable" with his bank's current capital position, despite the government saying it needs $33.9 billion more.
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