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Task Force to European Council issues report on strengthening economic governance in the EU

Alston & Bird LLP
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European Union
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October 21 2010

Today, the Task Force to the European Council issued its report designed to address economic governance issues within the European union, which issues have been highlighted by the financial crisis and the more recent turmoil in sovereign debt markets

Federal Housing Finance Agency releases policy framework for dealing with possible foreclosure process deficiencies

Alston & Bird LLP
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USA
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October 14 2010

Yesterday, the Federal Housing Finance Agency released a policy framework designed to deal with possible foreclosure process deficiencies

Speaker Pelosi and 31 House Democrats call for investigations into foreclosures

Alston & Bird LLP
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USA
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October 6 2010

Today, Speaker of the House Nancy Pelosi and 31 House Democrats also from California sent a letter expressing their concerns about the possible mishandling of delinquent mortgages, mortgage modifications, and foreclosures by certain financial institutions

Treasury releases 22nd Section 105(a) TARP progress report

Alston & Bird LLP
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USA
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September 13 2010

Today, Treasury released its latest monthly progress report to Congress on the Troubled Asset Relief Program (TARP

Bank for International Settlements publishes quarterly review of developments in financial markets

Alston & Bird LLP
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Global
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September 7 2010

Yesterday, the Bank for International Settlements (BIS), an international organization that serves as a bank for central banks, published the BIS Quarterly Review, September 2010 International banking and financial market developments

European Commission temporarily approves capital injection of up to 10.054 billion for Anglo Irish Bank

Alston & Bird LLP
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European Union, Ireland
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August 11 2010

Yesterday, the European Commission announced that it had authorized a third emergency recapitalization for the Anglo Irish Bank

Special master for TARP executive compensation rules on supplemental requests by AIG and Ally

Alston & Bird LLP
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USA
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August 4 2010

On Tuesday, Special Master for TARP Executive Compensation, Kenneth R. Fienberg, issued supplemental determinations with regard to the 2010 compensation payments and structures of American International Group, Inc. (AIG) and Ally Financial Inc. (Ally

South Valley Bank & Trust assumes all of the deposits of Home Valley Bank

Alston & Bird LLP
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USA
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July 25 2010

On Friday, the Oregon Department of Consumer and Business Services closed Home Valley Bank, headquartered in Cave Junction, Oregon, and appointed the FDIC as receiver for the bank

First Citizens Bank bank and trust company assumes all of the deposits of Williamsburg First National Bank

Alston & Bird LLP
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USA
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July 25 2010

On Friday, the Office of the Comptroller of the Currency closed Williamsburg First National Bank, headquartered in Kingstree, South Carolina, and appointed the FDIC as receiver for the bank

Roundbank assumes all of the deposits of Community Security Bank

Alston & Bird LLP
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USA
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July 25 2010

On Friday, the Office of the Minnesota Department of Commerce closed Community Security Bank, headquartered in New Prague, Minnesota, and appointed the FDIC as receiver for the bank

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