Federal Trust Corporation today announced that it is commencing a $35.0 million offering of common stock to its shareholders and a limited number of other investors to improve the capital and liquidity position of Federal Trust Corporation and its subsidiary, Federal Trust Bank.

LONDON (Reuters) - Global mergers and acquisitions slumped by almost a third in the first quarter, according to preliminary data from Thomson Financial, as banks reined in borrowing and economic uncertainty weighed on CEO confidence.