AmTrust Financial Corp., the owner of a Cleveland thrift clobbered by losses and shrinking capital, filed for bankruptcy protection amid a push by federal regulators to find a buyer for the thrift, according to people familiar with the situation.
Monday's filing in U.S. Bankruptcy Court in Cleveland didn't include AmTrust Bank, which has about $11.7 billion in assets and 66 branches but posted a net loss of $269.9 million in the third quarter. The banking unit is considered undercapitalized by regulators as a result of the housing crisis, which ...
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