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East West Bancorp Inc. reported an 8.8% increase in fourth-quarter profit, closing out a year of general improvement at the largest Chinese American bank, and rival Cathay General Bancorp said its earnings rose 2.5%. The results at East West,...
World NowREPORTING FROM WASHINGTON -- After getting an earful from U.S. lawmakers on his country's human rights record Wednesday morning, the official expected to be China's future leader faced a friendlier audience at a business-sponsored luncheon in Washington...
Money & CompanyCity National earnings: "Corporate America is hoarding cash," Chief Financial Officer Chris Carey said during a conference call with analysts. "And high-net-worth clients, I can tell you, are hoarding cash."...
Money & CompanyCity National Corp. reported strong second-quarter earnings of $47.5 million, up 15% from $41.3 million in the same quarter of 2010. It was the "best quarter in more than three years with improvements across the board in loans, deposits and credit...
Money & CompanyBofA shares drop again, while other banking stocks rise...
Money & CompanyBank of America Corp. is just ahead of JPMorgan Chase & Co. as the No. 1 U.S. financial institution in terms of assets. Chase has more deposits, though, with $1.05 trillion to BofA's $1.04 trillion....
Money & CompanyPasadena's East West Bancorp, the Chinese-American powerhouse, has repaid its more than $300-million slice of bailout funds from the U.S. Treasury. Several Southern California banks are still struggling even to make dividend payments on their...
Money & CompanyBank regulators are expected later today to take over Los Angeles-based California National Bank in what would mark the fourth-largest bank failure in the country this year, according to people familiar with the situation. The bank, a unit of FBOP......
Money & CompanyWall Street thinks Pasadena-based East West Bancorp made a sweet deal to buy rival United Commercial Bank in a takeover brokered Friday by the Federal Deposit Insurance Corp. Shares of East West -- which now becomes by far the largest......
Money & CompanyReversing a year-earlier loss, Pasadena's East West Bancorp reported a first-quarter profit of $24.9 million, saying it benefited from its acquisition of a failed rival and lower provisions for loan losses. The profit, the equivalent of 13 cents per...
Money & CompanyThe latest takeover of a failed Chinese-American bank by Pasadena's East West Bancorp triples its presence in the Seattle area -- and has investors applauding. In a statement late Friday, East West said that it had acquired Washington First International....
Money & CompanyWhen East West Bancorp acquired failed rival United Commercial Bank last November, analysts applauded. But they still expected the Pasadena bank to report year-end losses as it worked its way through the commercial loan problems gnawing at regional...
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