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发表于 2009-11-8 09:50 PM
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SAN FRANCISCO (MarketWatch) -- A California-based bank that focused on the Chinese-American market was the largest of five failures on Friday that cost U.S. taxpayers more than $1.5 billion.
United Commercial Bank of San Francisco, whose parent company was UCBH Holdings Inc. /quotes/comstock/15*!ucbh/quotes/nls/ucbh (UCBH 0.84, -0.02, -2.33%) , was shut down by federal banking regulators late Friday, along with four other banks. The shutdown of the five banks brings the number of bank failures for 2009 to 120.
The 63 U.S. branches of United Commercial were set to reopen Saturday under the ownership of Pasadena, Calif.-based East West Bancorp Inc. /quotes/comstock/15*!ewbc/quotes/nls/ewbc (EWBC 8.65, +0.27, +3.22%) . |
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