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Results: 1-10 of 67

The Savannah Bank, National Association assumes deposits of First National Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • June 28 2010

On Friday, the Office of the Comptroller of the Currency closed First National Bank, headquartered in Savannah, Georgia, and appointed the FDIC as receiver for the bank

United Bank assumes all of the deposits of The First National Bank of Barnesville

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 25 2010

On Friday, the Office of the Comptroller of the Currency closed The First National Bank of Barnesville, headquartered in Barnesville, Georgia, and appointed the FDIC as receiver

FDIC and Bank of England announce MOU addressing collaborative resolution authority

  • Alston & Bird LLP
  • -
  • United Kingdom, USA
  • -
  • January 22 2010

Today the FDIC and the Bank of England announced their agreement to a memorandum of understanding (MOU) reflecting the shared commitment by the FDIC and the Bank of England to work together to a greater extent when they act as resolution authorities with respect to troubled financial institutions that operate in both the United States and the United Kingdom, including "planning for resolution scenarios, and appropriate simulations, contingency planning or other work designed to improve preparations … for managing and resolving crises involving Firms with cross-border operations."

Seaway Bank and Trust Company assumes all of the deposits of First Suburban National Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 25 2010

On Friday, the Office of the Comptroller of the Currency closed First Suburban National Bank, headquartered in Maywood, Illinois, and appointed the FDIC as receiver

SEC Inspector General reports on timing of SEC's Goldman suit

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 14 2010

On Wednesday, the SEC's Office of Inspector General (OIG) released a report clearing the SEC of accusations that its decision to bring a fraud case against Goldman Sachs, as well as the timing of its decision to do so, were influenced by a political agenda

Ecofin approves compromise regarding financial supervision and economic governance measures

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • September 8 2010

On Tuesday, the Economic and Financial Affairs Council of the European Union ("Ecofin") announced various conclusions reached at its meeting held earlier in the day, including compromises regarding reform of the EU's framework for financial supervision and coordination of member state economic policies

New General Motors emerges from bankruptcy

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 12 2009

On Friday, the new General Motors (GM) began operations with a new corporate structure, and is now primarily owned by the governments of the U.S., Canada and Ontario, along with the UAW Retiree Medical Benefits Trust

Federal Reserve Board proposes to create term deposit facility

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 28 2009

Today the Federal Reserve Board announced that it had proposed amendments to Regulation D, which addresses reserve requirements for depository institutions

Senate Banking Committee holds hearing on hedge fund regulation

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 16 2009

Yesterday, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled "Regulating Hedge Funds and Other Private Investment Pools" to discuss legislation that would require all hedge fund advisers and the advisers of private equity and venture capital funds to register with the SEC

European Commission approves UK Homeowners Mortgage Support Scheme

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • April 21 2009

The European Commission has approved under EC Treaty state aid rules the UK Homeowners Mortgage Support Scheme, which will allow households that are unable to meet their monthly mortgage payments to defer the principal and up to 70 of their mortgage interest payments for up to two years