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Colonial Bank

Farkas Off, Court Says To Mortgage Fraudster's Appeal

AP | LARRY O'DELL | Posted 08.21.2012 | Business

RICHMOND, Va. (AP) — A federal appeals court refused Wednesday to order a new trial for a former mortgage company executive convicted of orchestrati...

Mortgage Exec Sentenced, 'Deserves To Be Punished Severely'

Posted 08.30.2011 | Business

ALEXANDRIA, Va. — An executive convicted of orchestrating a nearly $3 billion fraud as chairman of one of America's largest private mortgage compani...

Conviction In Huge Mortgage Fraud Case

AP | By MATTHEW BARAKAT | Posted 06.19.2011 | Business

ALEXANDRIA, Va. -- A jury has convicted the majority owner of what had been one of the nation's largest mortgage companies on all 14 counts in a $3 bi...

Is The FDIC Is Broke: Recent Bank Failures Tax Reserves | By Gjohnsit | Posted 05.25.2011 | Business

When Colonial Bank failed on Friday, the 77th bank to fail this year, very few people noted that it was the largest bank failure of 2009. Even fewer p...

Banking on Failure: FDIC Shutting Down Insolvent Banks at a Record Pace

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

TARP Watchdog Raids 2 Banks

CNN | Jennifer Liberto | Posted 05.25.2011 | Business

Federal agents in Florida on Monday raided two banks that last week scuttled a deal that would have qualified one of them for federal bailout funds. ...