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New rules for olive oil in Europe
CHICAGO, July 9 (UPI) -- U.S. banking regulators said Wintrust Financial Corp. would take over its sixth failed bank since April 2010, absorbing First Chicago & Trust.
Two months ago the Federal Deposit Insurance Corp. said First Chicago, with about $959 million in assets, was "significantly undercapitalized."
The bank had been trying to shore up capital by raising about $50 million, the Chicago Tribune reported Saturday.
First Chicago has three branch offices in Chicago.
In taking over First Chicago, Wintrust Financial, which owns 15 community banks, has added $1.9 billion in assets to its portfolio in the past 14 months, the newspaper said.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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