The California Department of Financial Institutions announced today that regulators have closed MetroPacific Bank, citing inadequate capital.

The Office of the Superintendent of Financial Institutions has issued a proposed set of principles to guide the creation of a new capital adequacy framework for the property & casualty insurance business.

An anonymous informant distributed documents this week to local media indicating a candidate for Port of Bremerton commissioner had been found to be improperly selling securities several years ago, leading to a cease-and-desist order from the Securities Division of the Department of Financial Institutions in 2002.

July 6, 2009 - NAFCU will testify Wednesday in a Senate Banking subcommittee hearing on the effects of the economic crisis on credit unions and community banks in rural areas.

Sageworks has released two new analytical procedure modules for auditing government entities, banks and other financial institutions.

IN a surprising, but bold move, the Senate Committee on Banking, Insurance and other Financial Institutions, last Tuesday released names of prominent Nigerians listed as owing the failed banks huge sums of money totaling over N49 billion.

"People tend to be forgiving. It was a mistake of ignorance, and I learned," Hart said.

After 43 years of providing financial services to low- and moderate-income residents in Watts and surrounding areas, the Watts United Credit Union was closed recently by the California Department of Financial Institutions.

Now that the final Guideline has been released, what must FREs do to comply - and when? You are party to an outsourcing... To read the full text of this article you need to login.

The California Department of Financial Institutions announced today that regulators have closed Temecula Valley Bank, citing inadequate capital.