Downey Financial Seized –

Downey Financial has been seized as well as two smaller banks.  The FDIC brokered a deal that allowed U.S. Bancorp to acquire Downey.

To view a related article, please click here:

http://www.bloomberg.com/apps/newspid=20601087&sid=aAyVj8SZ7Y0I&refer=home

James Sutliff

This entry was posted in Banking, Economic News, General, Regulatory. Bookmark the permalink.