South Florida Bankruptcy Lawyer

Wachovia Corp. will be acquired by Citigroup Inc. for about $2.16 billion after shares of the North Carolina lender collapsed under unpaid mortgages.
Ranked sixth by assets in the U.S., Wachovia’s all-stock deal wraps up at about $1 a share.  All depositors will be protected, according to the Federal Deposit Insurance Corp.
Citigroup is the biggest U.S. […]

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Senators in Congress are considering the future of the credit industry.  Democrat from Florida, Al Franken, has proposed a number of different changes that would protect consumers from predatory lenders.   He feels that Congress has failed to help those households that have been duped into accepting outrageous credit terms.
His charges have caused fervent […]

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The California bank formerly known as IndyMac reopened under a new name last Monday.  The firms new CEO John Bovenzi said it will open as a “strong and safe” institution.
Customers of the bank who insured their money can return to their usual deposits and withdrawals.  The Federal Deposit Insurance Crop guarantees traditional bank […]

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