UCBH Holdings News

The Nasdaq Stock Market on Monday said it will delist the stocks of three small companies: Teton Energy Corp., Altus Pharmaceuticals Inc., and UCBH Holdings Inc.

Q: United Commercial Bank of San Francisco, a former subsidiary of UCBH Holdings , is one of the year's many bank failures.

United Commercial Bank of San Francisco liked to boast that it was the first U.S. bank to buy a bank in China.

November 15, 2009 - Comments Updates The most significant TARP events since the last report are the first three failures of Capital Purchase Program institutions.A CIT became the first confirmed CPP loss when it declared bankruptcy on 1 Nov .A On 6 Nov, UCBH Holdings became the first CPP bank to be seized by the FDIC.A The second CPP bank to fall ...

Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.

Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.

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

Nearly a year after the federal rescue of the nation's biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.

A California-based bank that focused on the Chinese-American market was the largest of five failures on Friday that cost U.S. taxpayers more than $1.5 billion.

China Minsheng Banking Corp, planning to raise as much as HK$31.56 billion through a Hong Kong listing, has drawn US$14.1 billion worth of orders from international investors before opening its initial public offering to local investors, a banking source familiar with the deal said.

If you've heard about all the bank failures -- 120 in total this year -- you've got to be wondering about the safety of your money.

United Commercial Bank, a subsidiary of UCBH Holdings, was shut down on Friday and its assets acquired by East West Bancorp , becoming the 120th bank to fail so far in 2009.

CHINA Minsheng Banking Corp yesterday said it had booked an 824-million-yuan loss on its investment in UCBH Holdings as its initial overseas expansion initiative was severely impacted by the global financial crisis.

UCBH Holdings Inc. in San Francisco, among the initial group of banking companies approved for an infusion under the Capital Purchase Program last November, is the first of the government's investments to be wiped out by a bank failure.

Acadia Pharmaceuticals Inc. said Monday its third-quarter loss narrowed on lower costs and a boost in revenue from its drug development partners.

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.

The NASDAQ Stock Market announced that trading was halted in UCBH Holdings Inc.

Among the shares expected to see active trade in Monday's session are those of major managed care companies such as Wellpoint Inc.

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 .

State and federal regulators closed four banks and one small thrift Friday, bringing the total number of U.S. banking failures this year to 120.