The International Union of Operating Engineers (IUOE) has announced that the Bank of Florida Corporation (NasdaqGM: BOFL) has the highest number of insider loans
6 million of loans to insiders reported in Sovereign's September 30, 2005 Thrift Financial Report and aggregate insider loans
Although the Sarbanes-Oxley law does make illegal some activities that that many consider unethical, such as insider loans
and certain document destruction practices, the new law and the subsequent avalanche of rules it has spawned are less concerned with ethics than with the quality of the disclosure process.
Other variables such as unit costs and insider loans
are shown to be good predictors of the M rating as well.
Investigators determined that 13 stockholders received more than $612 million in insider loans
Tycos of the world that will eat huge losses on insider loans
The amount of insider loans
would also be expected to display a negative coefficient because a higher proportion of insider loans
may indicate closely held or family owned institutions which tend to be smaller and more conservative than other banks.
Another exemption applies to banks that are already covered by Federal Reserve regulations on insider loans
In June 1992, OTS charged the Barbieris, Corpaci, three other former Security officials and a former counsel to Security with acts of fraud and hiding insider loans
and other misconduct at Security.
WASHINGTON, June 24 /PRNewswire/ -- Citing acts of fraud, hiding insider loans
and other misconduct, the Office of Thrift Supervision (OTS) has initiated enforcement action against seven former officials and advisers of Security Savings and Loan Association, Waterbury, Conn.
It said Spagnoletti found evidence of insider loans
for overvalued properties, big money mortgages supported by collateral that did not exist, and payments for services never rendered.
In addition, the financial services firm was also burdened by non-performing insider loans