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American Banker - On Focus and In Depth

Friday, November 20, 2009, as of 10:57 PM EDT

National/Global

Parent Trap: Is RBS Good for Citizens?

American Banker |  Nov 20

Royal Bank of Scotland, the parent company of Citizens Financial, has taken more government bailout money than any other bank in the world. And this month it agreed to hold a yard sale for assets that ...

People

American Banker |  Nov 20

At least one constant in rapidly changing California banking scene: Robert Horsman; Warren Buffett tinkers with his bank holdings; JPM Chase's $5M Facebook giveaway.

JPM to Take Over Cazenove for $1.7B

Bloomberg News |  Nov 20

JPMorgan Chase said Thursday that it has agreed to buy out its venture with Cazenove Group for $1.7B, sealing the takeover of a 190-year-old British brokerage.

B of A Selling $460 Million of CMBS

Dow Jones |  Nov 20

Bank of America plans to sell $460M of securities backed by commercial real estate without relying on a U.S. program to aid lending, three days after the first sale of the ...

Mack Urges Stiffer Regulatory Oversight

Bloomberg News |  Nov 20

John Mack, the CEO of Morgan Stanley, said he welcomes the increased regulation by the Fed that came after the investment bank converted to a bank holding company as the ...

At B of A, Quest for Outsiders Undermines Insiders as Plan B

American Banker |  Nov 19

There may be no more awkward position in financial services right now than being an internal candidate for the chief executive of Bank of America Corp.

National/Global Resources

Viewpoint

Risk After Failure

Two members of a legal team specializing in insurance recovery say that, as the FDIC begins suing officials of failed institutions, D&O coverage has become a significant asset.

People

Bend It Like Davis

Richard K. Davis, the chairman and chief executive of U.S. Bancorp (Photo: Bloomberg News)Using soccer analogies, Richard Davis says U.S. Bancorp is swapping defense (where "nobody scored on us") for offense; Ken Lewis recycles quote from Hugh McColl's signoff.

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