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Banking and Credit |
| by Banking News |
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| Economic conference planned in Biloxi |
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Thomas J. Cunningham, vice president and associate director of research at the Federal Reserve Bank of Atlanta, will talk about the agency's role in the economic recovery during a conference July 16 in Biloxi.
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| Wells joins BofA, others in accepting California IOUs; state sets interest at 3.75% |
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Wells Fargo and Chase said Thursday they will accept California IOUs from customers until July 10.
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| Venezuela takes control of Spanish-owned Banco de Venezuela, nation's third-largest bank |
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President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system.
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| ANZ, StanChart to share RBS Asia assets |
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British bank Standard Chartered and the Australia and New Zealand Banking Group are set to divide up the Asian assets of embattled Royal Bank of Scotland, a press report said.
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| Services sector takes unexpected rise |
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RISING confidence among consumers about the outlook for the economy has helped the services sector expand for the first time in 15 months in June, a survey shows.
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| Hancock names new board chairman |
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Jim B. Estabrook Jr. has been selected as the next board chairman for Hancock Holding Co., parent of Hancock Bank.
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| Lynnwood's City Bank says it was reprimanded by FDIC |
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For the third time this year, a Snohomish County-based community bank has been reprimanded by the federal government.
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| First Financial acquires three banking centers |
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First Financial Bancorp has acquired three banking centers from Irwin Financial Corp.
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