Sept. 6 (Bloomberg) -- Silver State Bank of Henderson, Nevada was closed by U.S. regulators, the 11th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Depression.
Sept. 5 (Bloomberg) -- Silver State Bank of Henderson, Nevada was closed by U.S. regulators today, the 11th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Depression.
Integrity Bank's closure Aug. 29 after failing due to bad construction loans coupled with falling real estate value has not jeopardized depositor's money.
NEW YORK CITY-Locally based Carlton Advisory Services Inc. is conducting the sealed bid auction of Gramercy Capital Corp.'s 74 properties it acquired earlier this year from its $3.3-billion purchase of Jenkintown, PA-based American Financial Realty Trust, as GlobeSt.com earlier reported.
Fierce Hurricane Ike weakened as it charged across the Atlantic on Friday and took aim at south Florida and the oil fields of the Gulf of Mexico, while Tropical Storm Hanna buffeted the Carolinas after killing at least 529 people in Haiti.
The following are some snippets from the most recent issue of the International Forecaster. For the full 22 page issue, please see subscription information below.
Fierce Hurricane Ike weakened as it charged across the Atlantic on Friday and took aim at south Florida and the oil fields of the Gulf of Mexico while Tropical Storm Hanna was set to crash ashore in the Carolinas after killing at least 136 people in Haiti.
