FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources. The Wall Street Journal reported this month that Minneapolis-based U.S. Bancorp was eyeing an acquisition of Cal National's parent, FBOP Corp: a private group with more than $18 billion in assets that owns eight banks in Texas, Illinois, Arizona and California. Reuters Pictures 3 weeks ago

FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources. The Wall Street Journal reported this month that Minneapolis-based U.S. Bancorp was eyeing an acquisition of Cal National's parent, FBOP Corp: a private group with more than $18 billion in assets that owns eight banks in Texas, Illinois, Arizona and California.

More Photos of

Explore Photos of Related Topics

  1. Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair briefs the media on the bank and thrift industry earnings for the second quarter of 2009 while in Washington, August 27, 2009. The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss. The FDIC said on Thursday that the industry swung back to a loss in the second quarter after reporting a $7.6 billion profit in the first quarter, primarily due to costs associated with rising levels of bad loans and falling asset values.
  2. Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair briefs the media on the bank and thrift industry earnings for the second quarter of 2009 while in Washington, August 27, 2009. The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss. The FDIC said on Thursday that the industry swung back to a loss in the second quarter after reporting a $7.6 billion profit in the first quarter, primarily due to costs associated with rising levels of bad loans and falling asset values.
  3. Treasury Secretary Timothy Geithner, center, makes opening remarks at the Small Business Financing Forum, Wednesday, Nov. 18, 2009, at the Treasury Department in Washington, Wednesday. From left are FDIC Chair Sheila Bair, Small Business Administration Administrator Karen Mills, Geithner, Sen. Mary Landrieu, D-La., and Rep. Nydia Velazquez, D-N.Y.
  4. Treasury Secretary Timothy Geithner, second from right, makes opening remarks at the Small Business Financing Forum, Wednesday, Nov. 18, 2009, at the Treasury Department in Washington. From left are, FDIC Chairman Sheila Bair, Small Business Administration Administrator Karen Mills, Geithner, and Sen. Mary Landrieu, D-La.
  5. FILE - In this Oct. 14, 2009 file photo, Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, testifies on Capitol Hill in Washington. U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted by federal regulators.
  6. FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources. The Wall Street Journal reported this month that Minneapolis-based U.S. Bancorp was eyeing an acquisition of Cal National's parent, FBOP Corp: a private group with more than $18 billion in assets that owns eight banks in Texas, Illinois, Arizona and California.
  7. FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources. The Wall Street Journal reported this month that Minneapolis-based U.S. Bancorp was eyeing an acquisition of Cal National's parent, FBOP Corp: a private group with more than $18 billion in assets that owns eight banks in Texas, Illinois, Arizona and California.
  8. A California National Bank branch is pictured in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources.
  9. Employees of California National Bank enter a meeting with bank officials and regulators after business hours in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources.
  10. A California National Bank branch is shown in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources.
  11. Signs advertising medical marijuana presciptions outside an evaluation clinic on Venice Beach in Los Angeles on October 9, 2009. The Los Angeles Times newspaper reported that the District Attorney Steve Cooley claims all the medical marijuana dispensaries in Los Angeles county are operating illegally, and that 'they are going to be prosecuted.' 800 dispensaries operate in the city of Los Angeles and are legal under a 1996 vote that allows marijuana to be used for medicinal purposes.
  12. Signs advertising medical marijuana presciptions outside an evaluation clinic on Venice Beach in Los Angeles on October 9, 2009. The Los Angeles Times newspaper reported that the District Attorney Steve Cooley claims all the medical marijuana dispensaries in Los Angeles county are operating illegally, and that 'they are going to be prosecuted.' 800 dispensaries operate in the city of Los Angeles and are legal under a 1996 vote that allows marijuana to be used for medicinal purposes.
  13. FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources. The Wall Street Journal reported this month that Minneapolis-based U.S. Bancorp was eyeing an acquisition of Cal National's parent, FBOP Corp: a private group with more than $18 billion in assets that owns eight banks in Texas, Illinois, Arizona and California.
  14. Chart shows earnings for Keycorp, Morgan Stanley, U.S. Bancorp and Wells Fargo.
  15. Signs on a US Bank branch in Omaha, Neb. are shown Tuesday, Oct. 20, 2009. US Bancorp said Wednesday, its third-quarter profit rose 4.7 percent, even as bad loans rose, too.
  16. A flag flies from a US Bank branch in Lincoln, Neb., Tuesday, Oct. 20, 2009. US Bancorp said Wednesday, its third-quarter profit rose 4.7 percent, even as bad loans rose, too.

Recent Photos From The Wire

  1. Britain's Andy Murray reacts during his ATP World Tour Finals tennis match against Argentina's Juan Martin Del Potro at the O2 Arena in London, Sunday Nov. 22, 2009.
  2. Tottenham Hotspur's Jermain Defoe celebrates his first goal during the English Premier League soccer match between Tottenham Hotspur and Wigan Athletic at White Hart Lane stadium in London, Sunday, Nov. 22, 2009. 20 7864 9121 or EMAIL info@football-dataco.com FOR DETAILS.
  3. Saudi Arabian Interior Minister Prince Naef bin Abdul Aziz speaks with the media about security arrangements for this year's Haj pilgrimage in the holy city of Mecca, in Jeddah November 22, 2009.
  4. Space Shuttle Atlantis Commader Charlie Hobaugh (L) and Robert L. Satcher Jr., mission specialist, are pictured on the middeck of shuttle while docked with the International Space Station in this photo released by NASA and taken November 20, 2009. Picture taken November 20, 2009.
  5. LONDON, ENGLAND - NOVEMBER 22: Andy Murray of Great Britain celebrates winning the men's singles first round match against Juan Martin Del Potro of Argentina during the Barclays ATP World Tour Finals at the O2 Arena on November 22, 2009 in London, England.
  6. BERLIN - NOVEMBER 22: Singer Bill Kaulitz from Tokio Hotel atends the 'Arthur Und Die Minimoys 2' premiere at Sony Center on November 22, 2009 in Berlin, Germany.
  7. Ze Maria (L) of Portugal vies for the ball with Farrillo of Uruguay during their third place match of the FIFA Beach Soccer World Cup in Dubai November 22,2009.
  8. LONDON, ENGLAND - NOVEMBER 22: Andy Murray of Great Britain celebrates winning the men's singles first round match against Juan Martin Del Potro of Argentina during the Barclays ATP World Tour Finals at the O2 Arena on November 22, 2009 in London, England.
  9. Space Shuttle Atlantis Commander Charlie Hobaugh uses a communication system on the middeck of the shuttle while docked with the International Space Station in this photo released by NASA and taken November 20, 2009. Picture taken November 20, 2009.
  10. CENTURION, SOUTH AFRICA - NOVEMBER 22: Paul Collingwood of England celebrates his 100 during the 2nd One Day International between South Africa and England at Supersport Park on November 22, 2009 in Centurion, South Africa.
  11. LONDON, ENGLAND - NOVEMBER 22: Andy Murray of Great Britain celebrates winning the men's singles first round match against Juan Martin Del Potro of Argentina during the Barclays ATP World Tour Finals at the O2 Arena on November 22, 2009 in London, England.
  12. Hamburg's Joris Mathijsen, rigt, and Bochum's Joel Epalle challenge for the ball during the German first division Bundesliga soccer match between Hamburger SV and Vfl Bochum in Hamburg, Germany, on Sunday, Nov. 22, 2009.
  13. Romanians queue at a voting station for travelers at the main railway station in Bucharest, Romania, Sunday Nov. 22, 2009. Romania holds presidential elections, the first since the country joined the European Union in 2007.
  14. Tottenham Hotspur's Jermain Defoe, center, celebrates his third goal during the English Premier League soccer match between Tottenham Hotspur and Wigan Athletic at White Hart Lane stadium in London, Sunday, Nov. 22, 2009. 20 7864 9121 or EMAIL info@football-dataco.com FOR DETAILS.
  15. Hamburg's David Jarolim, left, and Bochum's Joel Epalle challenge for the ball during the German first division Bundesliga soccer match between Hamburger SV and Vfl Bochum in Hamburg, Germany, on Sunday, Nov. 22, 2009.
  16. CENTURION, SOUTH AFRICA - NOVEMBER 22: Paul Collingwood of England celebrates his 100 during the 2nd One Day International between South Africa and England at Supersport Park on November 22, 2009 in Centurion, South Africa.