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Results: 1-10 of 33

Centerstate Bank of Florida, National Association assumes all of the deposits of Olde Cypress Community Bank
  • Alston & Bird LLP
  • USA
  • July 19 2010

On Friday, the Office of Thrift Supervision closed Olde Cypress Community Bank, headquartered in Clewiston, Florida, and appointed the FDIC as receiver for the bank


Commercial bank assumes all of the deposits of mainstreet savings bank, fsb
  • Alston & Bird LLP
  • USA
  • July 19 2010

On Friday, the Office of Thrift Supervision closed Mainstreet Savings Bank, FSB, headquartered in Hastings Michigan, and appointed the FDIC as receiver for the bank


Chrysler bankruptcy judge approves GMAC as preferred lender for dealers
  • Alston & Bird LLP
  • USA
  • May 13 2009

Yesterday, U.S. Bankruptcy Judge Arthur Gonzalez approved a motion by Chrysler LLC requesting that GMAC LLC become the preferred lender for its dealer network, and be permitted to provide wholesale, retail and other product-related financing for Chrysler dealers and customers to purchase vehicles


Treasury Department releases fact sheet and letter in support of additional IMF funding
  • Alston & Bird LLP
  • USA
  • May 18 2009

Today, the U.S. Treasury Department released a fact sheet on IMF reforms and the New Arrangements to Borrow (NAB), highlighting the need for additional IMF funding as a trigger for “restoring a healthy world economy,” and alleviating the effects of the economic crisis on emerging markets and developing countries


Fed Chairman Bernanke and former Fed Chairman Volcker send letters to Senator Dodd opposing amendment permitting GAO to audit the Fed
  • Alston & Bird LLP
  • USA
  • May 7 2010

Yesterday, current Federal Reserve Chairman Ben Bernanke and former Federal Reserve Chairman Paul Volcker sent separate letters to Senator Christopher Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, expressing their opposition to proposed amendments to the Senate financial regulatory reform bill that would permit the Government Accountability Office (GAO) to audit the Federal Reserve


Federal Reserve schedules small-value auctions under Term Deposit Facility
  • Alston & Bird LLP
  • USA
  • May 28 2010

The Federal Reserve announced today that, through its Term Deposit Facility, it had scheduled three small-value auctions of term deposits over the next two months, the structure of which the Federal Reserve authorized two weeks ago


New York Fed issues statement regarding counterparties for reverse repo agreements
  • Alston & Bird LLP
  • USA
  • March 8 2010

Today, the Federal Reserve Bank of New York (FRBNY) announced the commencement of a program to expand its counterparties for conducting reverse repurchase agreement transactions, pursuant to the FRBNY statement issued last October


House Financial Services Subcommittee holds hearing on impact of credit scores and reports on consumers
  • Alston & Bird LLP
  • USA
  • March 25 2010

Yesterday, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled "Keeping Score on Credit Scores: An Overview of Credit Scores, Credit Reports and their Impact on Consumers"


FRBNY releases additional information on assets acquired by Maiden Lane entities
  • Alston & Bird LLP
  • USA
  • April 1 2010

Yesterday, the Federal Reserve Bank of New York (FRBNY) publicly released additional information related to the three Maiden Lane entities, which were formed to acquire certain assets of Bear Stearns and to facilitate the restructuring of the government's financial support of AIG


Senator Lincoln proposes alternate bank spinoff provision
  • Alston & Bird LLP
  • USA
  • June 15 2010

Senator Blanche Lincoln (D-NE), Chairwoman of the Senate Agriculture Committee, who advocated for a provision in the financial regulatory reform bill that would effectively force banks to spin off their derivatives trading businesses, has released a minimal term sheet modifying this provision