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Results: 1-10 of 47

Financial Crisis Inquiry Commission holds field hearing in Miami, Florida
  • Alston & Bird LLP
  • USA
  • September 21 2010

Today, the Financial Crisis Inquiry Commission (FCIC) held the third in a series of four field hearings, entitled "The Impact of the Financial Crisis - Miami, Florida" to examine the role and impact of mortgage fraud in Miami


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


ASEAN3 announces $120 billion emergency liquidity fund for Asian economies
  • Alston & Bird LLP
  • Asia-Pacific
  • May 5 2009

At the Asian Development Bank’s (ADB) annual meeting, held today and yesterday, finance ministers from the Association of the Southeast Asian Nations (ASEAN) and Japan, South Korea, and China (collectively, with ASEAN, known as ASEAN3) have announced their agreement on an emergency $120 billion liquidity fund that the 13 Asian nations can draw upon to combat damaging effects of the global financial crisis


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


European Commission proposes reinforcing European Union economic policy coordination
  • Alston & Bird LLP
  • European Union
  • May 12 2010

Today, the European Commission issued a Communication, largely as a result of the Greek debt crisis, setting forth proposed measures to strengthen Europe's economic governance


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