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(Image from article: "Regulators Take Over Colonial BancGroup")

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Regulators Take Over Colonial BancGroup

Regulators Take Over Colonial BancGroup

FDIC sells assets to BB&T in biggest failure of the year. The troubled Colonial BancGroup, unable to raise capital and facing a federal criminal probe of its accounting practices, was closed by regulators Friday in the largest bank failure of 2009.

 

2 Banks Exit TARP, With More to Follow

2 Banks Exit TARP, With More to Follow

With the wiring of nearly $10 billion to the Treasury, U.S. Bancorp and BB&T became the first large financial institutions to announce that they have repaid the government in full.

 

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