SEC proposes to overhaul regulation of asset-backed securities *

USA - April 9 2010
In an open meeting on April 7, 2010, the Securities and Exchange Commission (SEC) unanimously approved for public comment proposed rules that seek substantially to modify the regulatory framework in place for asset-backed securities (ABS).

Co-authors: Carol McGee, David E Brown, Evan M. Drutman, Tara Castillo, Gary D. Roth.

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Centennial Bank assumes all of the deposits of Key West Bank *

USA - March 27 2010
On Friday, OTS closed Key West Bank, headquartered in Key West, Florida, and the FDIC was named receiver.

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New York Community Bank assumes all of the deposits of Desert Hills Bank *

USA - March 27 2010
On Friday, the Arizona Department of Financial Institutions closed Desert Hills Bank, headquartered in Phoenix, Arizona, and the FDIC was named receiver.

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Charterbank assumes all of the deposits of McIntosh Commercial Bank *

USA - March 27 2010
On Friday, the Georgia Department of Banking and Finance closed McIntosh Commercial Bank, headquartered in Carrollton, Georgia, and the FDIC was named receiver.

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Bank of the Ozarks assumes all of the deposits of Unity National Bank *

USA - March 27 2010
On Friday, the OCC closed Unity National Bank, headquartered in Cartersville, Georgia, and the FDIC was named receiver.

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