Topic - Superior Bank

Subscribe to this topic via RSS or ATOM
Related Stories
  • Chicago billionaire business executive Penny Pritzker, President Obama's pick for Commerce Secretary, testifies on Capitol Hill in Washington, Thursday, May 23, 2013, before the Senate Commerce Committee hearing on her nomination. A longtime Obama friend who raised hundreds of thousands of dollars for both of his presidential campaigns, Pritzker is facing scrutiny at a Senate confirmation hearing for her ties to a subprime mortgage lender that failed in 2001. (Associated Press)

    Commerce nominee Pritzker downplays role in management of failed bank

    Commerce secretary-nominee Penny Pritzker told lawmakers Thursday that she regrets the losses suffered by customers of a failed bank she once led, but a lawyer for the depositors said the bank's owners never fully reimbursed them or the government.

  • **FILE** President Obama talks June 8, 2012, about the economy at the White House. (Associated Press)

    Obama donor got $3.5M FDIC discount in failed-bank settlement

    A billionaire Chicago family that donated and raised hundreds of thousands of dollars for President Obama got a $3.5 million discount last year for paying off early a $460 million settlement deal it agreed to in the 2001 failure of a Chicago-area bank it owned.

  • President Obama stands at the White House in 2010 with Penny Pritzker, whom he named to the President's Economic Recovery Advisory Board in 2009. (Associated Press)

    Obama donors get deal; depositors get 'stiffed again'

    A billionaire Chicago family that has donated and raised hundreds of thousands of dollars for President Obama got a deal from the federal government to avoid paying all of a $460 million settlement it agreed to in the 2001 failure of a Chicago-area bank it owned, while 1,400 former depositors are still owed more than $10 million in lost savings.

More Stories →

Happening Now