DNA India logo DNA India 2 weeks ago

Big California bank fails, has China branches

Washington: United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. Full Article at DNA India

Related Topics:

  1. FDIC
  2. Federal Deposit Insurance Corp.
  3. Xinhua

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    New York, November 7 — In yet another case of bank failure, United Commercial Bank was closed Friday, bringing the total to 120 this year. Full Article at 24x7updates

  3. Reuters logo
    Big California bank fails, has China branches
    2 weeks ago

    WASHINGTON (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. Full Article at Reuters

  4. Bloomberg.com logo
    UCBH Holdings' Bank Is Seized, Becomes 120th U.S. Lender Closed This Year
    2 weeks ago

    To contact the reporter on this story: Dakin Campbell in San Francisco at dcampbell27bloomberg.net Last Updated: November 6, 2009 22:30 EST United Commercial was bought by East West Bancorp of Pasadena,... Full Article at Bloomberg.com

Related Quotes

  1. The most prominent area of risk for rising credit losses at FDIC-insured institutions during the next several quarters is in CRE lending
    Sheila Bair – Sheila Bair SOURCE: Bloomberg.com 2 weeks ago
  2. We just can't make any comment
    SOURCE: SGVTribune.com 2 months ago
  3. I think it's a possibility
    SOURCE: SGVTribune.com 2 months ago
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  1. FILE - In this Oct. 14, 2009 file photo, Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, testifies on Capitol Hill in Washington.
  2. WASHINGTON - OCTOBER 14: Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair (L) testifies during a hearing before the Financial Institutions Subcommittee of the U.S. Senate Banking, Housing and Urban Affairs Committee on Capitol Hill October 14, 2009 in Washington, DC.
  3. NEW YORK - SEPTEMBER 25: FDIC Chairman Sheila Bair attends a panel on finance at the Clinton Global Initiative (CGI) September 25, 2009 in New York City.
  4. WASHINGTON - SEPTEMBER 23: Sheila Bair, chairman of the Federal Deposit Insurance Corporation (FDIC), participates in a House Financial Services Committee hearing on Capitol Hill, September 23, 2009 in Washington, DC.
  5. WASHINGTON - MAY 27: Sheila Bair, Chairman of the Federal Deposit Insurance Corporation (FDIC), pauses as she speaks during a news briefing May 27, 2009 in Washington, DC. Bair announced the bank and thrift industry earnings for the first quarter of 2009.
  6. Carolina Hurricanes center Eric Staal, top, and Anaheim Ducks defenseman Nick Boynton tangle as they go for the puck during the third period of an NHL hockey game, Wednesday, Nov. 25, 2009, in Anaheim, Calif. The Ducks won 3-2.
  7. SACRAMENTO, CA - NOVEMBER 25: Nate Robinson #2 of the New York Knicks shoots against Tyreke Evans #13 of the Sacramento Kings on November 25, 2009 at ARCO Arena in Sacramento, California.
  8. SAN FRANCISCO - NOVEMBER 25: Pedestrians walk by an advertisement for Thanksgiving Day hours at an American Eagle store November 25, 2009 in San Francisco, California.
  9. SAN FRANCISCO - NOVEMBER 25: Hells Angels motorcycle club member Tony carries plants as he helps set tables at the St. Anthony Foundation dining room November 25, 2009 in San Francisco, California.

Cast of Characters

  1. FDIC FDIC
  2. UCB
  3. Federal Deposit Insurance Corp.
  4. 112 (musician)
  5. Securities and Exchange Commission Securities and Exchange Commission
  6. Deutsche Bank Deutsche Bank