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Tag: banking

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France, Italy, Spain and Belgium have banned short-selling of the shares of banks and other financial companies.

Central Pacific Financial Corp. (NYSE:CPF) previously reported that the company and its primary subsidiary, Central Pacific Bank (CPB), appointed Catherine Ngo as its Executive Vice President and Chief Administrative Officer (CAO).

Citigroup, Inc. (NYSE:C) - California based Financial Industry Regulatory Authority (FINRA) arbitration panel announced to awarded $304,639 to clients of Aidikoff, Uhl & Bakhtiari that purchased ASTA Five. The FINRA arbitrators also assessed the entire cost of the hearing against Citigroup Global Markets, Inc.

Macatawa Bank Corp. (NASDAQ:MCBC) previously reported the appointment of Craig A. Hankinson as Senior Vice President and Chief Credit Officer. In this position, Hankinson will have oversight for Macatawa's credit administration and credit approval process, loan policies and procedures, and work to ensure the overall quality of the Bank's lending portfolio.

Western Alliance Bancorporation (NYSE:WAL) previously reported net income of $2.0 million in the third quarter 2010, including a net loss from sales/valuation of repossessed assets of $4.9 million, a loss on discontinued operations net of tax of $0.6 million, net gains from securities/mark-to-market of $5.3 million and a net gain from sale of Premier Trust of $0.6 million.

Home Bancshares, Inc. (NASDAQ:HOMB) previously reported that it has acquired the banking operations of Gulf State Community Bank ("Gulf State") headquartered in Carrabelle, Florida, through loss-sharing agreements with the Federal Deposit Insurance Corporation ("FDIC").

As a chief operating officer for HSBC, one of the world's largest financial services firms, Greg Corkett worked in the rarefied echelons of banking.

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