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Morris Bank assumes all of the deposits of The Gordon Bank
  • Alston & Bird LLP
  • USA
  • October 25 2010

On Friday, the Georgia Department of Banking and Finance closed The Gordon Bank, headquartered in Gordon, 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."


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


European Commission approves Czech temporary aid plans
  • Alston & Bird LLP
  • Czech Republic, European Union
  • May 7 2009

The European Commission has approved, under EC Treaty state aid rules, two Czech plans to provide relief for companies during the current economic crisis


House Subcommittee on International Monetary Policy and Trade holds hearing on implications of the G-20 leaders summit
  • Alston & Bird LLP
  • Global, USA
  • May 13 2009

Today, the International Monetary Policy and Trade of the House Financial Services Committee held a hearing entitled "Implications of the G-20 Leaders Summit for Low Income Countries and the Global Economy," to discuss how the decisions made at the G-20 Leaders Summit will be given effect


Geithner testifies before Senate Banking Committee regarding regulatory restructuring proposal
  • Alston & Bird LLP
  • USA
  • June 18 2009

Today, Treasury Secretary Timothy Geithner testified before the Senate Banking Committee at a hearing entitled "The Administration’s Proposal to Modernize the Financial Regulatory System," to discuss the administration’s proposed regulatory overhaul


House Financial Services Committee holds hearing on regulatory restructuring
  • Alston & Bird LLP
  • USA
  • June 25 2009

Yesterday, the House Financial Services Committee held a hearing entitled "Regulatory Restructuring: Enhancing Consumer Financial Products Regulation" to discuss the administration’s proposed changes to consumer protections for investors


Ireland announces plan to acquire property loans
  • Alston & Bird LLP
  • Ireland
  • September 16 2009

Earlier today, Ireland’s government announced additional details of its plan to acquire property loans from struggling banks in order to bring additional liquidity and stability to the troubled Irish financial system


Treasury adopts new EESA lobbying restrictions
  • Alston & Bird LLP
  • USA
  • September 14 2009

On September 10, 2009, the U.S. Treasury announced new lobbying guidance to address the perceived influence of lobbyists and special interests in the Emergency Economic Stabilization Act (EESA) process


House Judiciary Committee holds hearing on fraud protection
  • Alston & Bird LLP
  • USA
  • April 8 2009

On April 1, the House Judiciary Committee held a hearing entitled "Proposals to Fight Fraud and Protect Taxpayers," to discuss a number of proposed bills intended to protect taxpayers from financial crimes and fraud