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Banking and Credit

by Banking News
Economic conference planned in Biloxi

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.

Wells joins BofA, others in accepting California IOUs; state sets interest at 3.75%

Wells Fargo and Chase said Thursday they will accept California IOUs from customers until July 10.

Venezuela takes control of Spanish-owned Banco de Venezuela, nation's third-largest bank

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.

ANZ, StanChart to share RBS Asia assets

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.

Services sector takes unexpected rise

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.

Hancock names new board chairman

Jim B. Estabrook Jr. has been selected as the next board chairman for Hancock Holding Co., parent of Hancock Bank.

Lynnwood's City Bank says it was reprimanded by FDIC

For the third time this year, a Snohomish County-based community bank has been reprimanded by the federal government.

First Financial acquires three banking centers

First Financial Bancorp has acquired three banking centers from Irwin Financial Corp.

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