3xwy Blog

AP – Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.

AP – Regulators have shut down banks in Utah, Ohio and Georgia, boosting to 33 the number of bank failures in the U.S. so far this year.

AP – Regulators shut down Park Avenue Bank in New York Friday, marking the 28th failure this year of a federally insured bank.

Reuters – Switzerland’s UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation’s economy.

Reuters – Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.

AP – Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.

AP – Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.

AP – Citigroup Inc. CEO Vikram Pandit received $128,751 in total compensation for 2009 as the bank suffered big losses on risky investments and failing consumer loans, according to an Associated Press analysis of a regulatory filing.

AP – The International Monetary Fund has decided to restore Zimbabwe’s voting rights after a seven-year suspension over failure to pay $1.3 billion it owes the organization and other creditors.

AP – Regulators have shut down a small bank in Minnesota, bringing to 16 the number of bank failures in the U.S. so far in 2010 following the 140 brought down last year by rising loan defaults and the recession.