United Commercial Bank

...Barneys New York's debt, the Wall Street Journal said. [ID:nBNG100509] * U.S. regulators blocked Chinese bank Minsheng from acquiring United Commercial Bank in a deal that could have saved $1.7 billion in taxpayers' money and insurance,...

In this article: Goldman Sachs Group Inc, Economic Times, Business Times, Australian Financial Review, AirAsia, Korea Development Bank, Tabcorp Holdings, Tony Fernandes, Korea Exchange Bank, and Ron Burkle

...bailout funds. The seizure was also expected to cost Minsheng $120 million for the 9.9 percent stake it had in UCBH Holdings Inc <UCBH.O>, the parent of UCB. UCB's banking operations were acquired by East West Bancorp Inc. UCB had 63...

In this article: Federal Deposit Insurance Corporation, Federal Reserve, Financial Times, and U.S.

...first investment by a mainland Chinese bank in a U.S. bank. But Minsheng has seen huge paper losses on its investment in UCBH, whose business focuses on mortgages for many Chinese Americans on the U.S. West Coast, as UCBH shares sank in the...

In this article: United States, China, UCBH, Hong Kong, Climate change, South China Morning Post, Citigroup Inc, and Barack Obama

...(my guesstimate) for J.P. Morgan, warrant proceeds won't cover TARP's $2.6 billion losses on bankrupt lender CIT Group and failed United Commercial Bank, and its likely losses on AIG, GMAC and about three dozen other borrowers that have...

In this article: Troubled Assets Relief Program, Citigroup, Time Warner, AOL, J.P. Morgan Chase, Turkey, CIT Group, Bankruptcy, and Fortune magazine

...dividend payments to the government as of the end of September, according to the inspector general overseeing the program. On Nov. 6, United Commercial Bank of San Francisco failed, becoming the first recipient of the Troubled Assets...

In this article: CIT Group, Bankruptcy, The Fed, Troubled Assets Relief Program, Treasury Department, On the merits, General Motors, and American International Group

...credit line of up to $500 billion. Last week brought the closure of the fourth-biggest bank to fail this year: San Francisco's United Commercial Bank, with $11.2 billion in assets. East West Bancorp, parent of East West Bank of Pasadena,...

In this article: FDIC, California, Century Bank, Unemployment, East West Bank, and Treasury Department

...Asset Relief Program, or TARP, may come from the failure of San Francisco-based bank UCBH Holdings. UCBH /quotes/comstock/15*!ucbh/quotes/nls/ucbh (UCBH 0.84, 0.00, 0.00%) was seized by the Federal Deposit Insurance Corp. on Friday and...

In this article: TARP, San Francisco, CIT Group, Troubled Asset Relief Program, Federal Deposit Insurance Corp., Morgan Stanley, and Goldman Sachs

...in deposits. East West Bank, of Pasadena, California, agreed to assume all deposits of United Commercial Bank. The 63 U.S. branches of United Commercial Bank will re-open as branches of East West Bank. UCB-China, of Shanghai, will...

In this article: San Francisco, East West Bank, Federal Deposit Insurance Corp, Shanghai, California, U.S., and Pasadena