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MetroCorp Bank Executive Resigns

American Banker  |  Friday, May 15, 2009

According to a regulatory filing, Mitchell Kitayama tendered his resignation as chief executive and vice chairman of California-based Metro United Bank, a unit of Houston-based MetroCorp...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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