Though 2010 was a "turnaround" year for banks,
the number of problem institutions continued to increase during the year,
according to the FDIC's Quarterly Banking Profile for the fourth quarter of
2010. A copy of the FDIC's February 23, 2011 press release about the report can
In a settlement that apparently will be funded entirely
by D&O insurance, the plaintiffs and 23 former executives of the failed Colonial Bank of
Montgomery, Alabama have agreed to the settle the class action securities
lawsuit that investors filed in connection with the bank's 2009 collapse...