Recently Central Bancshares Inc. of Muscatine announced an agreement to acquire McLaughlin Holding Company and merge CBI Bank and Trust with Southeast National Bank (SENB).
Central Bancshares, Inc. of Muscatine, parent company of CBI Bank & Trust, and McLaughlin Holding Company, parent company of SENB Bank, based in Moline, are merging. Central Bancshares will acquire McLaughlin Holding Company and merge SENB Bank into CBI Bank & Trust, the company said in a Friday news release. The transaction is subject to […]
simonjack reports. october 1986, the so called big bang, widespread financial deregulation in the uk, which ushered in an era of buccaneering risk taking free wheeling. but in 2008, the wheels spectacularly came off. banks around the world went bust, requiring tens of billions of taxpayer funded rescues. tough rules to stop that happening again are now being reviewed or binned. the banks have become much healthier financially since 2008. we ve put in place a process so that financial issues can be resolved, which we didn t have before. but on that basis, we also want to make sure they can compete with other financial centres, whether it s the united states or asia. among 30 reforms announced today were plans to reconsider which banks really need to separate or ring fence their retail operations from their riskier investment divisions, review rules on approving or punishing individual senior executives, which have delayed or scared off hires from abroad,
requiring of taxpayer funded rescues. tough rules to stop that happening again are now being reviewed or bent. the banks have being reviewed or bent. tue: banks have become being reviewed or bent. tte: banks have become much healthier, financially, since 2008. we put in place a process so that financial issues can be resolved, which we didn t have before, but on that basis, we also want to make sure they can compete with other financial centres, whether it is the united states or asia. among 30 reforms announced united states or asia. among 30 reforms announced today - united states or asia. among 30 reforms announced today were i reforms announced today were plans to reconsider which banks really need to separate or ring fence their retail operations from the riskier investment divisions, review rules on approving or punishing individual senior executives, which have delayed or scared of hires from abroad, and these reforms come on top of measures already announced to scrap and eu