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 ...

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 ...

Regulators on Friday shut down Colonial BancGroup Inc., a big lender in real estate development that buckled under the collapse of the market. It was the biggest U.S. bank to fail this year, with ...

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 ...

PricewaterhouseCoopers LLP (PwC) has been ordered by a federal court to pay the Federal Deposit Insurance Corp. (FDIC) $625.3 million in damages for failing to uncover the fraud that led to the August ...

PricewaterhouseCoopers has settled with the Federal Deposit Insurance Corporation for $335 million over its audits of Colonial Bank, which failed in the midst of the financial crisis. Processing ...

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 ...

Reuters reports that the Federal Deposit Insurance Corporation (FDIC) will take Colonial Bank Group into receivership and sell the bank’s assets to BB&T Corp. This would be the largest bank failure ...

The New York company that planned to buy the Nevada operations of Colonial Bank before the bank failed Aug. 14 said Thursday that it is in discussions to buy them from the bank holding company that ...

Colonial BancGroup warned Friday that "there is substantial doubt about Colonial's ability to continue as a going concern," as a deal to raise more money to cover loan losses fell apart. Bank ...