Economic Crisis, Banks | featured news

Iceland minister resigns as government reels

Iceland's Minister of Business Affairs Bjorgvin Sigurdsson resigned Sunday, three months after the collapse of several of the country's leading banks and its stock market.

 

FDIC Says 1st Centennial Bank Closed

The FDIC announced 1st Centennial Bank of California was closed by the California Department of Financial Institutions.

 

Thain Resigns Amid Losses at Bank of America

John A. Thain, the former chief executive of Merrill Lynch, resigned after Bank of America suffered unexpected losses stemming from its acquisition of the giant brokerage.

 

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