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 |
Dubai Financial Markets to buy Nasdaq Dubai (at MarketWatch)
Stock market operator Dubai Financial Markets says it will buy its local rival Nasdaq Dubai for $121 million. us.rd.yahoo.com |
Subpoena would probe Geithner's AIG decisions (AP)
Treasury Secretary Timothy Geithner came under increased scrutiny Tuesday when a key congressman said he would subpoena the Federal Reserve Bank of New York about bailout decisions made on Geithner's watch. us.rd.yahoo.com |
TradingMarkets 7 ETFs You Need to Know for Wednesday (TradingMarkets.com)
Sellers were most aggressive in both the financial and materials sectors on Tuesday, extending oversold conditions in exchange-traded funds like the iShares Dow Jones U.S. Financial Sector Index Fund ETF, IYF and the PowerShares DB Base Metals Fund ETF, DBB. us.rd.yahoo.com |