Sidney, February 11: Aluminum Corp. of China (Chinalco)(NYSE:ACH) said it is in talks with Anglo-Australian mining giant Rio Tinto(NYSE: RTP) on a deal, estimated to be worth as much as $20 billion, in a bid to strengthen its grip on the supply of raw materials.
San Diego, February 9: California Bank & Trust (CB&T) officials announced today that the bank has decided to acquire the banking operations, including all of the deposits, of Alliance Bank in a transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
Pasadena, California, January 3: The Pasadena, Calif.-based IndyMac Bank seems to have come full circle. The belligerent mortgage lender collapsed in July last year thereby necessitating the need for the government to take charge of it. Barely six months down the line, the Federal Deposit Insurance Corp, has agreed to sell IndyMac back to a group of private investors.
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