| FDIC: FirstBank took too many risks FirstBank Financial Services grew too fast and took too many risks, and regulators were too slow to react to keep the bank from failing, according to an audit of the McDonough, Ga.-based bank’s demise. feeds.bizjournals.com |
Synovus details $500 million capital plan Synovus Financial Corp. reported Monday evening it has a capital plan aimed at boosting its Tier 1 capital by about $400 million and growing its tangible common equity to tangible assets ratio by an amount representing an additional $100 million in capital. (SNV) feeds.bizjournals.com |
Polish airline faces unrest over cost cuts (at FT.com) Cost-cutting by the new management of Poland's troubled Lot airline has prompted the unions to protest outside its headquarters over the axeing of a generous collective bargaining agreement. us.rd.yahoo.com |
Sorrento Therapeutics Announces Antibody Discovery and Development Alliance for the Prevention and Treatment of MRSA Infections (PR Newswire) Sorrento Therapeutics, Inc. today announced an antibody discovery and development collaboration with The Scripps Research Institute, La Jolla, CA. Â Under the terms of the agreement, Sorrento Therapeutics obtains an exclusive, worldwide license to the Institute's novel technology, based on quorum sensing, for the prevention and treatment of Staphylococcus aureus infections, including Methicillin-resistant Staph. aureus . us.rd.yahoo.com |
Index CD may boost returns but add risk (Bankrate.com) Low rates have consumers looking at index CDs linked to currencies, stocks or gold. us.rd.yahoo.com |