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HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., July 06, 2023 (GLOBE NEWSWIRE) Kentucky First Federal Bancorp (Nasdaq: KFFB) the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that the Company’s Board of Directors declared a cash dividend of $0.10 per share payable on August 24, 2023, to shareholders of record on July 31, 2023. Tony Whitaker, Chairman of the Comp ....
The recent bankruptcy of a savings fund and the disappearance of around €16 million has once again raised the issue of the need to impose stricter control over the activities of such cooperatives, politicians from three parties told ETV news show 'Aktuaalne kaamera' (AK) Tuesday. ....
Which had traditionally invested only in mortgages were free to invest in pretty much anything they wanted. basically what happened was the entire s and l industry got taken over by a bunch of entrepreneurs who saw them as piggy banks. vernon savings was shut down by federal regulators, saddled with $1.3 billion in bad loans. the owner, don dixon, lived a life of private jets, yachts, and mansions. they took risks that should have been untenable for a banker. when interest all went blooey, the entire industry went belly-up. quiet down! i m going to disperse the whole bunch of you. this was the third day on the run on the old court savings and loan association. the only thing i can do at this point, i have no choice, we have to close. i don t think it s right. it s our money. this year, a record 260 banks will go bust. that s almost 800 in the past five years. bad loans to the third world. bad loans to the oil industry. bad loans to real estate developers. ....
the securities and exchange commission stunned wall street when it announced ivan boesky has been fined the largest penalty ever for insider stock trading, and he has been barred now from the industry. he did what he claimed he would ever do, use insider information to buy huge blocks of stock in companies secretly involved in takeover deals. ivan boesky was an out-and-out crook. handing bags of cash to people who would give him inside information. if we had capital punishment for white collar crimes, i d say he would be a prime candidate. ivan boesky arrived in court to hear himself described as a man whose arrogance has been stripped away. there s no doubt the man has become a symbol of what s wrong with wall street. the news of the boesky indictment was like the bombshell of the decade on wall street. what do we call greed the day before an indictment is filed? if you get my meaning? i m afraid recently, we ve called it success. that some of the people who have now t ....