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Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. ...more
October 24, 2009
The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books. ...more
March 23, 2009
Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billion reported last month. ...more
March 21, 2009
These days, you access an ATM at the grocery, the pharmacy, the gas station, the hardware store, the office, even the ballpark. You can check your Bank of America balance on your iPhone. You can text Chase, and Chase will text you back. ...more
February 22, 2009
Fresh off its acquisition by JPMorgan Chase, Washington Mutual has closed 11 locations in the Tampa Bay area. ...more
February 17, 2009
Wall Street barreled higher Monday for the second straight session, this time in a relief rally over the government's plan to bail out Citigroup - a move it hopes will help quiet some of the uncertainty hounding the financial sector and the overall economy. The Dow Jones industrials soared nearly 400 points and the major indexes all jumped more than 4.5 percent. ...more
November 25, 2008
Raymond James Financial Inc. said this week it has applied to be part of a federal plan to boost capital in financial institutions and spur lending. ...more
November 22, 2008
E.T. Clark of Port Richey sees parallels between the current financial system problems and the savings and loan industry collapse of the 1980s. ...more
November 22, 2008
WASHINGTON - Regulators on Friday shut down Freedom Bank, a small bank located in Bradenton. It was the 17th failure this year of a federally insured bank. ...more
October 31, 2008
Former city Commissioner Robert P. Brown was remembered last week by friends, family and colleagues as a leader who had a lifetime of community service. ...more
October 22, 2008
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