newjerseynewsroom.com

1. State closes one-office ISN Bank in Cherry Hill, deposits turned over to Customers Bank chain
(Money/Economy)

... Deposit Insurance Corp. (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with New Century Bank (doing business as Customers Bank) of Phoenixville, Pa., ...

2. Nice article
(Comments/Unsorted comments)

... were similar to the AIG bailout. "Second, the FDIC did not acquit itself very well in its assisted sale of WaMu to JPMorgan. Senior bond holders were subordinated to uninsured depositors and counterparties ...

3. How to earn a higher income — safely
(Money/Economy)

... a year for depositors to get their money back. "Don't take chances," she advised. "Stick with quality." On credit unions: Some pay higher rates than traditional lenders, and some are open to all comers ...

4. How New Jersey can create technology jobs in rural and urban areas
(Opinion/Commentary)

... banks to lend money to their low income depositors as a condition of doing business in New Jersey. Looking at the future, according to leading demographers like Wendell Cox, by 2015 more people will ...

5. Goldman opposes more federal oversight of banks, insurers
(Money/Economy)

... was closed and the Federal Deposit insurance Corp. was appointed as receiver. Under FDIC supervision, a single branch reopened as North Jersey Community Bank and depositors were unaffected financially. ...