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 ...

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 ...

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 ...

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 ...

A federal judge sentenced a former senior vice president at Colonial Bank to eight years in prison after the executive pleaded guilty to helping a $2.9 billion fraud scheme that brought down the bank ...

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 ...

Regions Financial Corp. still holds the tenth largest share of the U.S. bank deposit market. ALEXANDRIA, Va. — An executive convicted of orchestrating a $3 billion fraud as chairman of one of ...

PwC, the global auditor is being sued for $5.5 billion over its failure to spot massive fraud in the failed Colonial Bank, whose accounts it audited. The case rests on an alleged complex fraud between ...

WASHINGTON, March 2 (Reuters) - A former Colonial Bank executive pleaded guilty on Wednesday for her role in covering up one of the largest frauds stemming from the recent mortgage crisis, which ...