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Posts Tagged ‘Woes

(Banking News) Banking regulators have told Bank of Florida Corp. that is has until April 17 to solve the capital shortfall at each of its three bank subsidiaries.

The Naples-based bank holding company (NASDAQ: BOFL) disclosed the Federal Deposit Insurance Corp?s enforcement order in a Securities and Exchange Commission filing on Thursday.

The prompt corrective action directive, issued on March 18, gave the company?s three subsidiaries, Read the rest of this entry »

NEW YORK (Reuters) – Hartford Financial Group (NYSE:HIG – News) posted its third straight net loss and said it plans to stop selling new policies in Japan and the United Kingdom, as the insurer reeled from the same weak financial markets that triggered a net loss at MetLife Inc (NYSE:MET – News).

Both posted results worse than analysts had expected, and their shares dropped after hours, with Hartford down 12 percent.

But Hartford Read the rest of this entry »