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Freedom Bank of Commerce seized by FDIC Commerce-based Freedom Bank of Georgia was seized by state and federal regulators late Friday, with Lavonia, Ga.-based Northeast Georgia Bank and will take control of the branches and deposits of the failed bank. bizjournalsHedge fund to close after run of redemptions Gandhara Capital, a $2.25bn London and Hong Kong-based hedge fund, is to close after 40 per cent of its investors asked for their money back FTWhy the Bank of England may have just signed free banking Could Britain's falling base rate, now at another historic low, spell the end of free banking? In a post-credit crunch world, where banks are being urged to return to their traditional business model,... Big News NetworkGeorgia bank closed in 17th failure of 2009 SAN FRANCISCO (MarketWatch) -- Commerce, Ga.-based Freedom Bank of Georgia was closed by regulators Friday, marking the 17th bank failure of the year, the Federal Deposit Insurance Corporation said in a statement. Lavonia-based Northeast Georgia Bank has assumed all of the failed bank's deposits, the FDIC said. As of March 4, Freedom Bank of Georgia had roughly $173 million in assets and $161 million in deposits. The FDIC estimated the cost of Freedom Bank's failure to its deposit insurance fund will be $36.2 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. MarketWatch.comSavers face prospect of zero rates Interest rates on savings accounts are predicted to fall an average of a quarter of a percentage point after Thursday's cut in the benchmark base rate to a record low FT.comSterlite Signs New Agreement to Purchase Operating Assets of ASARCO ... - Earthtimes MUMBAI, India - (Business Wire) Sterlite Industries (India) Limited ("Sterlite"), a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, today announced that it has signed a new agreement with ASARCO LLC ... Feed DigestHelios Strategic Mortgage Income Fund, Inc.: Helios Strategic Mortgage Income Fund, Inc. Monthly Dividend Declaration NEW YORK, NEW YORK (MARKET WIRE) Helios Strategic Mortgage Income Fund, Inc. (the 'Fund') (NYSE: HSM) today announced that its Board of Directors declared a monthly dividend of $0.0725 per share, payable on March 26, 2009 to stockholders of record on March 18, 2009. The ex-dividend date is March 16, 2009. Based on the NYSE closing price of $5.28 on March 5, 2009, the Fund's yield was 16.48%. As of February 28, 2009, the Fund's average duration, as measured on a net asset basis, was 3.6 years. Market WireSterlite into agreement with Asarco for over $1.1bn buyout NRI billionaire Anil Agarwal-led Sterlite Industries said it has entered into an agreement with copper producer Asarco to buyout the US-based company for $ 1.1 billion in cash and promissory note worth $600 million. The Times Of India0% rates beckon on mortgages and savings This week's base rate cut leaves tens of thousands of borrowers paying nothing for their home loans - but brings more misery for savers Financial TimesImmelt meets Buffett in market roiled by credit swaps Warren Buffett and Jeffrey Immelt are among a handful of chief executive officers whose companies are rated AAA. Yet Buffetts Berkshire Hathaway Inc and Immelts General Electric Co are being treated like junk in the market for credit-default swaps. Contracts that protect investors against a default on bonds of Omaha, Nebraska-based Berkshire, which has $25.5 billion in cash, cost as much as those of KB Home, the homebuilder that lost money for seven consecutive quarters. Business Standard1 2 3 4 5 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]