<?xml version="1.0" encoding="iso-8859-1" ?><rss version="2.0"><channel><title>washingtonpost.com - Riggs Bank</title><link>http://www.washingtonpost.com/wp-dyn/business/specials/riggs?nav=rss_business/specials/riggs</link><description>Riggs Bank</description><language>en-us</language><ttl>15</ttl><image><title>washingtonpost.com</title><width>140</width><height>20</height><link>http://www.washingtonpost.com</link><url>http://media.washingtonpost.com/wp-srv/hp/image/wp_web.gif</url></image><item><title><![CDATA[Riggs Artwork Is Headed for Auction Block]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A55152-2005Apr14.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A55152-2005Apr14.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Manet's "Polichinelle," along with 13 other major works of art Allbritton and his wife bought in the past 20 years to decorate the offices of Riggs Bank, will go up for auction the first week in May at Christie's in New York.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[PNC Bank Devises a Bold Arrival]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A48302-2005Apr12.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A48302-2005Apr12.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[PNC Bank, hoping to make a splash among consumers in the increasingly competitive Washington market when it takes over Riggs Bank in May, said yesterday it plans to significantly expand its night and weekend hours, waive many ATM fees and immediately begin building new branches.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Judge Backs Riggs's $16 Million Plea Deal]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A11383-2005Mar29.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A11383-2005Mar29.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[A federal judge Tuesday approved requiring Riggs Bank to pay a $16 million criminal fine for its failure to abide by federal anti-money-laundering laws and lambasted the bank as "a greedy corporate henchman of dictators and their corrupt regimes."]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Riggs Went Down a Perilous Path]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A52084-2005Mar20.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A52084-2005Mar20.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Former bank executive says international banking division, which Riggs chairman Joe Allbritton doted on and had the most direct participation in, had a "systemic problem" with compliance with regulations.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[6 U.S. Banks Held Pinochet's Accounts]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A38362-2005Mar15.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A38362-2005Mar15.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[ Former Chilean dictator Augusto Pinochet had more than 125 accounts at a half-dozen U.S. banks, including Citibank, during the 1990s, according to a Senate report.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Riggs Announces Replacements]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A22068-2005Mar9.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A22068-2005Mar9.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[ Riggs National Corp.'s board members, after 48 hours of internal debate, yesterday publicly acknowledged the resignation of the company's chairman and chief executive on Monday and appointed current directors and an officer to his vacant posts.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Allbritton Exercises Stock Options]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A18805-2005Mar8.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A18805-2005Mar8.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Robert L. Allbritton exercised options to buy nearly 1 million shares of Riggs National Corp. Friday, three days before resigning as chairman and chief executive of the company.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Robert Allbritton Resigns as CEO of Riggs]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A15462-2005Mar7.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A15462-2005Mar7.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[The resignation ends 24 years of direct Allbritton control of the Washington banking company, just before a pending merger with PNC Financial Services Group Inc.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Allbritton to Step Down as Riggs Chairman/CEO]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A14516-2005Mar7.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A14516-2005Mar7.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Robert L. Allbritton is expected to submit his resignation as chief executive and chairman of Riggs National Corp. today, ending 24 years of Allbritton family executive control of the Washington banking company, according to sources familiar with his plans.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Drafts Show Allbritton's Pursuit of Pinochet]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A2437-2005Mar2.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A2437-2005Mar2.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[When Joe L. Allbritton was chief executive of Riggs Bank, he received personal gifts from Augusto Pinochet and wanted the former Chilean dictator to visit the Allbritton horse farm in Virginia, according to drafts of letters from 1996 and 1997.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Allbrittons, Riggs to Pay Victims of Pinochet]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A53805-2005Feb25.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A53805-2005Feb25.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Riggs Bank and two members of the bank's controlling Allbritton family agreed Friday to pay $9 million to victims of former Chilean dictator Augusto Pinochet for the bank's role in concealing and spiriting Pinochet's money out of Britain in 1999.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Records Show Personal Use of Riggs Jet]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A30879-2005Feb16.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A30879-2005Feb16.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[A top-of-the-line Gulfstream V was made available, gratis, to two former presidents, network news personalities, a senator, the prime minister of New Zealand and two former first ladies, by an ex-Riggs CEO at the expense of the bank, say sources.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Riggs, PNC Reach New Merger Agreement]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A13829-2005Feb10.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A13829-2005Feb10.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[The merger was abruptly revived Thursday, clearing the way for the demise of what was once Washington's premier bank after a mortifying year of scandal.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Buying Riggs Has Its Draws, Drawbacks]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A9364-2005Feb8.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A9364-2005Feb8.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[The for-sale sign is back out at Riggs Bank after an agreement to be purchased by Pittsburgh-based PNC Financial Services Group Inc. fell apart this week when the Riggs board said a new offer from PNC of less than $21 a share was too low.]]></description><author> Kathleen Day</author></item><item><title><![CDATA[Riggs to Sue PNC Over Deal Collapse]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A4913-2005Feb7.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A4913-2005Feb7.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Talks between Riggs and PNC to save their $766M merger acrimoniously collapsed, and Riggs Monday accused the Pittsburgh bank in court of trying to "virtually steal" the Washington institution.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Riggs Negotiating With PNC Over Lower Sale Price]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A55823-2005Feb1.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A55823-2005Feb1.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[ Lawyers and investment bankers for PNC Financial Services Group Inc. and Riggs National Corp. have spent the past two days trading both numbers and arguments in an effort to reach a new, lower sale price for Riggs, according to sources.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Riggs Bank Agrees to Guilty Plea and Fine]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A41584-2005Jan27.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A41584-2005Jan27.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Riggs Bank Thursday admitted it was criminally liable for failing to take adequate measures to prevent potential money laundering by former Chilean dictator Augusto Pinochet and officials of Equatorial Guinea.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Riggs to Enter Guilty Plea]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A38097-2005Jan26.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A38097-2005Jan26.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[Riggs Bank and its parent company have agreed to plead guilty to a federal criminal charge and pay a $16 million fine for failing to prevent potential money laundering at the District bank, according to sources close to the matter.]]></description><author> Terence O'Hara and Kathleen Day</author></item><item><title><![CDATA[U.S. Regulators Investigate Chilean Bank]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A27921-2005Jan21.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A27921-2005Jan21.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[  A major bank in Chile reported yesterday that U.S.  regulators are investigating whether its two branches in the United States have complied with anti-money-laundering laws.]]></description><author> Terence O'Hara</author></item><item><title><![CDATA[Inquiry Into Use of Riggs Plane Expands]]></title><link>http://www.washingtonpost.com/wp-dyn/articles/A19364-2005Jan18.html?nav=rss_business/specials/riggs</link><guid isPermaLink="true">http://www.washingtonpost.com/wp-dyn/articles/A19364-2005Jan18.html?nav=rss_business/specials/riggs</guid><pubDate>Sat, 23 Apr 2005 13:16:03 GMT</pubDate><description><![CDATA[The Justice Department is investigating Joe L. Allbritton's extensive personal use of the Gulfstream jet and other company assets during and after his time as chief executive of the company.]]></description><author> Terence O'Hara</author></item></channel></rss>
