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Results: 1-10 of 45

G-8 Finance Ministers propose framework to strengthen global financial and economic cooperation at meeting
  • Alston & Bird LLP
  • Global
  • June 15 2009

Following its two-day meeting in Lecce, Italy, the G8 Finance Ministers released a statement over the weekend acknowledging the coordinated efforts taken by international community to address the global economic crisis and focusing on the actions that must be taken in the months ahead to ensure "the soundness of systemically important institutions" and that "consumer and investor confidence is fully restored and that growth is underpinned by stable financial markets and strong fundamentals."


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


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


World Bank Group and International Monetary Fund to hold Annual Meetings in Washington, D.C. over weekend
  • Alston & Bird LLP
  • Global
  • October 5 2010

The Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) will be holding their Annual Meeting this upcoming weekend in Washington, DC


European Parliament approves financial supervision reform package
  • Alston & Bird LLP
  • European Union
  • September 23 2010

Yesterday, the European Commission voted to approve the financial supervision reform package, which will shift the manner in which banks, stock markets and insurance companies are supervised and policed in Europe


NAFH National Bank acquires all the deposits of two institutions in Florida and one institution in South Carolina in second use of OCC “shelf charter”
  • Alston & Bird LLP
  • USA
  • July 19 2010

On Friday, the Florida Office of Financial regulation closed Metro Bank of Dade County, headquartered in Miami, Florida, and Turnberry Bank, headquartered in Aventura, Florida, and the OCC closed First National Bank of the South, headquartered in Spartanburg, South Carolina


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


Basel Committee on Banking Supervision discusses progress on regulatory reform package and issues new proposal
  • Alston & Bird LLP
  • Global
  • July 16 2010

In meetings held Wednesday and yesterday, the Basel Committee on Banking Supervision reviewed various items in order to develop recommendations for its package of regulatory reforms, including the structure of the capital and liquidity frameworks, comments on its December 2009 consultation package, results of its comprehensive quantitative impact study (QIS) and its economic impact assessment analyses


Bank of the Ozarks assumes all of the deposits of Woodlands Bank
  • Alston & Bird LLP
  • USA
  • July 19 2010

On Friday, the Office of Thrift Supervision closed Woodlands Bank, headquartered in Bluffton, South Carolina, and appointed the FDIC as receiver for the bank


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