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Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults.The Federal Deposit Insurance Corp. took over the small bank in Fort Myers, Fla., with $79.7 million in assets and $76.7 million in deposits.Central Bank, based in Stillwater, Minn., agreed to assume the deposits and assets of Commerce Bank of Southwest Florida. The failed bank's sole branch will reopen Monday as a...
A Louisiana businessman was charged Friday with engaging in a Ponzi scheme to defraud about 160 investors - mostly elderly people - out of roughly $19.5 million and using some of the money to pay for cars, cruises, sports tickets and a house.A federal grand jury indicted Matthew B. Pizzolato, 26, of Tickfaw, on charges that include securities fraud, money laundering and obstruction of justice. FBI agents arrested Pizzolato in Hammond about an hour after the grand jury handed up its 64-count...
Invefffstors can't shake their fears that the economy isn't keeping up with the stock market.Stocks fell for a third straight day Friday as a disappointing outlook from computer maker Dell Inc. suggested that an economic recovery could be uneven. The major indexes all had moderate losses, leaving the Dow Jones industrials with a slim 0.5 percent weekly gain while broader indexes slid.The market, which has been shuttling between concerns about the economy and traders' need to find high-yielding...
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In a previous blog, “A Runners Wife” I spoke about my husband training for the NYC marathon. All I have to say is that the months of training all came together of an amazing race. Race day is a grueling day for runners, and the family. But a miracle happened...
U.S. Attorney General Eric Holder testified before the senate judiciary committee and basically shrugged when asked if any other enemy combatant captured overseas had ever been brought to civilian criminal court to face justice. Talk about an incompetent boob, not to mention a disgrace.
Here is a list of wines all from Spain, and menus from restaurants in Brooklyn where a crew of us did a food / wine crawl through Carrol Gardens and Williamsburg recently
