2009-09-22 — wbaltv.com
``irst Mariner Bank has agreed to a cease and desist order after regulators found the institution had taken part in "unsafe and unsound practices."
In an order issued on Friday, the Federal Deposit Insurance Corp. and Maryland Division of Financial Regulation said First Mariner has to stop operating with inadequate levels of capitalization and reduce non-performing loans.''
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Comments:
ronin at 09:20 2009-09-22 said:
It's amazing that the Division of Financial Regulation let this disaster go on for as long as it did. Wanna see some toxic loans? Go look at what First Mariner had to take into portfolio from its mortgage lending subsidiary. This will be an interesting story to watch. Permalinkadd a comment | go to forum thread
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