Synovus Financial Corp. investors, led by two pension funds, reached an $11.8 million settlement of a lawsuit against the bank over more than $200 million in soured loans to the Georgia luxury resort Sea Island Co., according to a court filing.
I was the first non-German since 1933 to head Coca-Cola in stoic, sophisticated West Germany, which was then vying with Japan to be the company’s largest international division. As division president of Central Europe, I also had Switzerland and Austria under my auspices. But Germany was the focus.
Federal Reserve Bank of Atlanta President Dennis Lockhart said there would be a high hurdle for the start of more asset purchases after the central bank finishes buying $600 billion of Treasury securities in June.
The Federal Deposit Insurance Corp. sued former directors and officers of Atlanta-based Silverton Bank NA, seeking $71 million to help recoup costs caused by the biggest bank collapse in Georgia history.
HealthSouth Corp. founder Richard Scrushy’s 70-month prison sentence for making a campaign contribution to Alabama’s former governor in exchange for a seat on a state hospital board was upheld by a federal appeals court.
DeKalb County’s $10 million Lou Walker Senior Center has a swimming pool, art studio and beauty salon. The Atlanta suburb also has a $17 million performance center and $7 million water park, luxuries some say it can’t afford after a cash shortage brought a five-step downgrade of its credit rating to near junk.
Jefferson County, Alabama, and its creditors meet Nov. 21 for the first fight of the biggest U.S. municipal bankruptcy -- whether John S. Young Jr., the sewer system’s court-appointed receiver, should go home to New Jersey.