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 ...

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 ...

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 ...

Teresa Kelly, a former operations supervisor in Colonial Bank’s Mortgage Warehouse Lending Division (MWLD), has pleaded guilty to conspiring to commit bank, wire and securities fraud for her role in a ...

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 ...

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 ...

ALEXANDRIA, Va. -- A former bank executive was sentenced Friday to eight years in prison for her role in a $3 billion fraud scheme that helped topple her bank as well as one of the nation's largest ...

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 ...

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 ...

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 ...

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 ...