|
|
|
Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans. The Federal Deposit Insurance Corp. took over United Commercial Bank in San Francisco, with $11.2 billion in assets and $7.5 billion in deposits. East West Bancorp Inc., parent company of East West Bank based in Pasadena, Calif., is buying all of the deposits and most of the failed bank's assets.
Kirstin Cole is CBS 2's consumer reporter. She joined WCBS-TV in 2001 as a general assignment reporter and has also served as co-anchor of the station's weekend news broadcasts. If you have a story you want Kirstin to investigate, click here to send her an e-mail.
More
Here's where you can get more information about the stories you've seen and heard about on CBS 2 HD News. More
Your guide to getting the home that's right for you:
Finding It
How much can you afford? What kind of agent is right for you?
Buying It
Finding the right lender and what to expect on closing day.
Making It Right
Managing renovations, contractors and maintenance.
Take It and Run
Tips and worksheets for making it happen
Want breaking news delivered to your e-mail when it happens? WCBSTV.com is always on with breaking news alerts and a full offering of other e-mail news updates. Sign Up!
Hosted by Jack Nerad, Driving Today is built for the driving enthusiast:
America on the Road
An hour-long weekly radio show that brings you the latest news, interviews and question and answer sessions
Greatest Cars
A look at the greatest cars of all time.
XML/RSS Feeds
