June 9 (Bloomberg) — Bank of America Corp., the largest U.S. bank, will sell its stake in Banco Santander SA’s Mexican unit for $900 million more than it paid in 2003, marking the lender’s fourth major asset sale this year. Bank of America, under regulatory pressure to raise a net $3 billion this year to [...]
WASHINGTON, May 21 (Reuters) – A one-branch bank in St. Paul, Minnesota, on Friday became the 73rd U.S. bank to fail so far this year. Pinehurst Bank, which had about $61 million in assets and 18 employees, advertised itself as having “genuine neighborhood banking.” It is just one of hundreds of small banks that are [...]
NEW YORK — Regulators on Friday shut down seven banks in Illinois, putting the number of U.S. bank failures this year at 57. The Federal Deposit Insurance Corp. took over four banks in Chicago: New Century Bank, with $485.6 million in assets; Citizens Bank&Trust Co., with $77.3 million in assets; Broadway Bank, with $1.2 billion [...]
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