United Commercial Bank

UCBH failure likely spells second TARP loss SAN FRANCISCO (MarketWatch) -- The second loss from the government's Troubled Asset Relief Program, or TARP, may come from the failure of San Francisco-based bank UCBH Holdings. UCBH...

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

...economy and a cascade of defaults on loans. The Federal Deposit Insurance Corp. took over United Commercial Bank in San Francisco, with $11.2 billion in assets and $7.5 billion in deposits. East West Bancorp Inc., parent company of East...

In this article: FDIC, California, San Francisco, Georgia, Illinois, Unemployment, FBOP Corp., Alerus Financial, and East West 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 financial crisis. Other Chinese banks...

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

...Bancorp. Pasadena-based East West (NASDAQ: EWBC) paid a premium of 1.1 percent for the deposits at United Commercial Bank's 63-branch network stretching from San Francisco and Los Angeles to Seattle, Atlanta and New York. It also had...

In this article: Federal Deposit Insurance Corp., San Francisco, East West Bank, Shanghai, Business Times, and Nasdaq

...and $6.5 billion in deposits of UCBH Holdings Inc.'s /quotes/comstock/15*!ucbh/quotes/nls/ucbh (UCBH 0.84, -0.02, -2.33%) United Commercial Bank of San Francisco after federal banking regulators shut down United Commercial. See full story.

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