1. The larger bank remained the controlling party when it took over the smaller banks. 2. Because of the debts the bank was taken over by Federal regulators. 3. Branch had charged that the banking company was actually insolvent before the bond issue and well before the banks were taken over by regulators. 4. CCB Financial Corp. adopted a severance plan for all employees amid concern that the bank may be taken over. 5. Currently, banks can only set up trust banks and take over banks that have failed. 6. Currently, they can only set up trust banks and take over banks that have failed. 7. Eight failing or mismanaged banks were taken over by a federal banking commission. 8. IBRA was forced to take the bank over last month while a new deal was worked out for Standard Chartered to double its purchase price. 9. If all else fails, you can take the bank to probate court. 10. In the U.K. alone, four investment banks have been taken over this year by foreign rivals. |