The Federal Reserve board on Monday said it had banned Columbian Bank and Trust Co.'s holding company from taking dividends or other capital-reducing payments from the Kansas bank, which was shut on Friday.
Mr Brown told reporters at his monthly press conference on February 18, soon after the nationalisation of the troubled lender, that a profit could be made from the business when financial markets recovered.
Tepper bought $2.4 bn of energy stocks in second quarter (Fund News)
Hedge-fund manager David Tepper bought $2.4 billion of oil and gas stocks in the second quarter, shifting 79 percent of his U.S. equity holdings into energy from less than 1 percent three months earlier.