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What did Sheila Bair know about Banco BuenaVentura, and when did she know it?
It might be the understatement of the decade to describe Sheila Bair as a complex creature. The recently retired chair of the Federal Deposit Insurance Corp. was early to spot the evils of sub-prime mortgage lending — she warned about them as a Treasury official in 2002. During the 2008 financial crisis, she famously feuded Read More →
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First California acquires failed Woodland Hills bank
[Editor’s note: This story has been corrected. Scroll down to the bottom for the update.] Westlake Village-based First California Financial Group acquired the assets of Western Commercial Bank on Nov. 5 after federal regulators shut down the Woodland Hills-based institution. First California will pay the Federal Deposit Insurance Corp. a half percent premium to assume Read More →
