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Office of the Comptroller of the Currency

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  • Bay Bank assumes deposits, most loans of failed Bel Air thrift

    Bay Bank assumes deposits, most loans of failed Bel Air thrift
    Bay Bank has agreed to assume the deposits and most of the assets of Slavie Federal Savings Bank after federal regulators closed the institution with offices in Bel Air and Baltimore.
  • Troubled loans lead to failure of local savings bank

    Troubled loans lead to failure of local savings bank
    Losses on loans made to investors rehabilitating city homes helped drive to failure a small savings bank founded by immigrants in East Baltimore more than 100 years ago, said the CEO of the bank that acquired much of its portfolio. Federal banking...

    Banking regulators launch broad review of financial rules

    Banking regulators launch broad review of financial rules
    Three of the nation's financial regulators on Wednesday launched a broad effort to identify rules that are unnecessary or too burdensome for banks. Under a 1996 law, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the...

    Feds put out false stats on mortgage fraud

    Feds put out false stats on mortgage fraud
    In front of news cameras, federal authorities have talked tough about combating mortgage fraud. But behind closed doors, some FBI offices didn't even list mortgage fraud as a top priority, and the Department of Justice repeatedly promoted inflated...

    Microsoft says goodbye to Windows XP operating system

    Microsoft Corp. is finally pulling the plug on a piece of technology that has refused to go away. On Tuesday, the software giant will stop supporting Windows XP, the still ubiquitous computer operating system that's been around for almost 13 years, an...