East West Bancorp News

Private Equity Leaders Forum 2009, "Buying a Failed Bank: Opportunities and Pitfalls" 2009-12-05 13:41:00 - Regulators have seized six more banks, bringing to 130 the number of U.S. banks to be brought down so far in 2009 As the Federal Deposit Insurance Corp seizes 6 more banks with no private equity involvement, TheDeal.com' Senior Writer Vipal ...

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East West Bancorp Inc. said late Tuesday that former senior executive Julia Gouw would return to the company as chief operating officer, helping with the integration of the bank's major new acquisition.

Judging by the pop in shares of East West Bancorp and Iberiabank this month after these companies won separate deals to acquire failed bank assets, trying to pinpoint other institutions gunning for similar transactions could yield hefty returns for investors.

L.A.'s two premier Chinese-American banks are suddenly in the front of a new race for dominance of the growing sector.

U.S. regulators reportedly spurned an investment offer from a Chinese bank that could have saved taxpayers a total of $1.7 billion.

Stocks surged, sending the S&P 500 up for a sixth straight session and propelling the Dow to a 13 month high, after a G-20 host became the market's Darling for a day .

There are more reports and rumors of layoffs in the finance industry. The latest banks rumored to drop the axe are Citizens First Savings Bank and East West Bancorp .

United Commercial Bank, which has branches in Los Angeles County, was closed Friday by the California Department of Financial Institutions.

In a climate where many banks have failed and scores of others are struggling, East West Bancorp Inc.

Based on the aggregated intelligence of 140,000-plus investors participating in Motley Fool CAPS , the Fool's free investing community, East West Bancorp , which focuses on the Asian-American banking segment in California, has received the dreaded one-star ranking .

Officials announced the elaborate closing of San Francisco-based United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's operations immediately.

The second loss from the government's Troubled Asset Relief Program, or TARP, may come from the failure of San Francisco-based bank UCBH Holdings.

Las Vegas Sands advanced after it arranged bank commitment of $1.45 billion for Macau casino.

Shares of East West Bancorp Inc. jumped Monday after it acquired a competitor in a deal analysts said will improve earnings and expand market share.

Two Bay Area-based banks have failed in the last 11 days - which tops the total for the prior nine years - a warning of potential woes to come for the reeling banking sector locally.

UNITED Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators last Friday, and its banking operations were acquired by East West Bancorp Inc, also active in both nations.

The Rosen Law Firm reminds investors in UCBH Holdings, Inc. of the November 10, 2009 Lead Plaintiff deadline in the securities class action brought on behalf of persons who purchased UCBH common stock during the period April 24, 2008 through September 8, 2009 .

Federal regulators closed San Francisco's troubled United Commercial Bank - one of the nation's largest banks serving the Chinese-American community - and sold the bank and its $6.5 billion in deposits to East West Bancorp .

East West Bank, a Pasadena institution catering to the Chinese-American community, nearly doubled in size late Friday when it took over San Francisco? United Commercial Bank after it was closed by regulators.