in a report probing its August failure. Montgomery-based Colonial collapsed in the sixth-largest bank failure in American history. The FDIC said it now expects to lose $3.8 billion -- rather than $2.7 ...

Colonial's collapse is the largest ever in Alabama and the biggest yet for 2009. The Federal Deposit Insurance Company (FDIC) was immediately put into receivership over the company, and it will be ...

ALEXANDRIA, Va. — The former treasurer of what had been one of the country's largest privately held mortgage lenders pleaded guilty today to a nearly $2 billion fraud conspiracy that authorities say ...

U.S. Bank has agreed to acquire Nevada deposits from the North Carolina bank that took over Colonial Bank, banking insiders said Monday. The deposit sale is the latest twist involving Colonial Bank, a ...

ALEXANDRIA, Va. (CN) - Two more executives embroiled in the massive $2.9 billion fraud scheme that led to the failures of Colonial Bank and Taylor, Bean & Whitaker were sentenced to prison terms on ...

WASHINGTON (Reuters) - A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have ...

The troubled Colonial BancGroup , unable to raise capital and facing a federal criminal probe of its accounting practices, was closed by regulators Friday in the largest bank failure of 2009. BB&T ...

Bill Klich was cruising Interstate 75 in his Mercedes just south of Sarasota at 6:15 p.m. Aug. 13 when the text message came in: "Eagle is a go." Project Eagle, which drew its name from Colonial ...

MONTGOMERY, Ala.--(BUSINESS WIRE)--The Colonial BancGroup, Inc. (NYSE: CNB) announced today that Simuel Sippial, Jr., Colonial BancGroup Director and Chairman of the compensation committee, has been ...

A former Colonial Bank executive admitted to conspiring with officials at Taylor, Bean & Whitaker Mortgage to defraud investors and the government of about $970 million. Catherine Kissick, 50, pleaded ...

Top executives and directors of the failed Colonial Bank plan to pay $10.5 million to stockholders who claim they were misled about the bank's financial condition. The proposed settlement, filed this ...