Wednesday, April 7, 2010 as of 11:14 AM ET
Independent Bank () of Ionia, Michigan was founded in 1864 as First National Bank of Ionia with an original capital of US$50,000. Through the years, the bank opened and acquired new offices across the state of Michigan.
Read More at Wikipedia ›By Caroline HumerNEW YORK (Reuters) - Lehman Brothers Holdings Inc will not turn its asset management unit into a long-term business after creditors of the bankrupt investment bank objected.
LAMCO, or the Legacy Asset Management Co, instead will continue on its path to liquidate Lehman assets over the next few years to pay back creditors, and no longer will look for a partner to manage the business, Chief Executive Bryan Marsal said."Under the current governance, as long as it is in bankruptcy, a LAMCO partnership will not be pursued," said Marsal, who is overseeing the world's biggest bankruptcy.Marsal presented the possibility of a partnership between LAMCO and another firm at a creditor's meeting earlier this year, saying the arrangement would strengthen the asset-management business by letting it retain employees.Outside investment would help defray the costs of starting up LAMCO and let it take advantage of its employees' expertise in managing asset liquidation by taking on non-Leh...03/27/09
Citigroup is in talks with federal officials that could result in the US government owning 40% of the bank, after shares in the distressed bank dropped to 17-year lo...
February 23, 2009 10:23 AM Government Ups the Ante on Citigroupby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Citigroup is in...
February 23, 2009 10:23 AM UTC by Elizabeth MacDonaldGovernment Ups the Ante on CitigroupCitigroup is in talks with federal officials that could result in the US gov...
Citigroup to shed further assets.
ATM fees may seem like a necessary evil in today's world, where being able to access cash nearly anywhere has become a reality, but for a price. Consumers can pay an...
Umpqua Bank CEO Ray Davis on the state of lending and how his bank stayed afloat during the economic downturn.
Umpqua Bank CEO Ray Davis on the state of lending and how his bank stayed afloat during the economic downturn.
Author Vicky Ward on her new book "The Devil's Casino" on the failed investment bank.
Eastern Bank President Robert Rivers argues Obama's proposals aren't focusing on the right causes of the crisis.
Independent Bank Analyst Sean Ryan on the slide in stocks as we head into September.
Comptroller of Currency John Dugan on the Treasury Department's plan for a new agency to protect consumers.
