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United States: President Obama Signs Executive Order Streamlining Declassification of Government Information
President Barack Obama issued an executive order intended to allow researchers to gain access more quickly to formerly classified national security information.
General Reinsurance Corporation Enters into Agreement Resolving Its Role in Fraudulent Reinsurance Transaction with AIG
As part of the agreement, General Re admitted its senior management participated in structuring a sham reinsurance transaction and creating a phony paper trail to make it appear as though General Re’s subsidiary, Cologne Re Dublin, had solicited reinsurance from AIG when the evidence demonstrated that the parties knew AIG wanted the transaction to manipulate its financial statements. Additionally, General Re entered into a secret side deal whereby AIG would never have to pay any losses under the contracts; AIG would return to General Re’s subsidiary the $10 million in premiums General Re’s subsidiary paid to AIG and AIG paid General Re an illicit accommodation $5 million fee for entering into the transaction.
Minnesota Hospital to Pay U.S. to Resolve Allegations of False Claims Involving Unnecessary Admissions
“Hospitals and doctors have a responsibility to provide patients with reasonable and necessary care. When they neglect those obligations, patients and taxpayers suffer
Iran Uncovers Wolves in Sheeps Clothes
Whereas, on February 11, 2009, the deputy prosecutor in Tehran, Mr. Hassan Haddad, announced that those seven leaders will go on trial at a Revolutionary Court on charges of `espionage for Israel, insulting religious sanctities and propaganda against the Islamic Republic’;
Success In Copenhagen
Earlier this evening I had a meeting with the last four leaders I mentioned — from China, India, Brazil, and South Africa. And that’s where we agreed to list our national actions and commitments, to provide information on the implementation of these actions through national communications, with international consultations and analysis under clearly defined guidelines. We agreed to set a mitigation target to limit warming to no more than 2 degrees Celsius, and importantly, to take action to meet this objective consistent with science.
OneWest Bank, FSB, Pasadena, California, Assumes All of the Deposits of First Federal Bank of California, Santa Monica, California
OneWest Bank, FSB, Pasadena, California, Assumes All of the Deposits of First Federal Bank of California, Santa Monica, California
FOR IMMEDIATE RELEASE
December 18, 2009
First Federal Bank of California, a Federal Savings Bank, Santa Monica, California, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [...]
City National Bank, Los Angeles, California, Assumes All of the Deposits of Imperial Capital Bank, La Jolla, California
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $619.2 million. City National Bank’s acquisition of all the deposits was the “least costly” resolution for the FDIC’s DIF compared to all alternatives. Imperial Capital Bank is the 139th FDIC-insured institution to fail in the nation this year, and the sixteenth in California. The last FDIC-insured institution closed in the state was Pacific Coast National Bank, San Clemente, on November 13, 2009.
Bank Closing – Imperial Capital Bank, La Jolla, CA
On Friday, December 18, 2009, Imperial Capital Bank (CERT #26348), La Jolla, CA was closed by the California Department of Financial Institutions. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: Imperial Capital Bank (www.fdic.gov).
Hancock Bank, Gulfport, Mississippi, Assumes All of the Deposits of Peoples First Community Bank, Panama City, Florida
Peoples First Community Bank is the 135th FDIC-insured institution to fail in the nation this year, and the fourteenth in Florida. The last FDIC-insured institution closed in the state was Republic Federal Bank, N.A., Miami, on December 11, 2009.
Bank Closing Peoples First Community Bank Panama City, FL
On Friday, December 18, 2009, Peoples First Community Bank (CERT #32167), Panama City, FL was closed by the Office of Thrift Supervision. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: Peoples First Community Bank (www.fdic.gov).
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