FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.
Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
Main Street Bank, Northville, Michigan, with approximately $98 million total assets and $86 million in total deposits, was closed. Monroe Bank & Trust of Monroe, Michigan has agreed to assume all deposits. (PR-98-2008)
Meridian Bank, Eldred, Illinois, with approximately $39.18 million in total assets and $36.88 million in total deposits, was closed. National Bank of Hillsboro, Illinois has agreed to assume all deposits. (PR-99-2008)
Alpha Bank & Trust, Alpharetta, Georgia, with approximately $354.1 million in total assets and $346.2 million in total deposits, was closed. Stearns Bank, N.A., St. Cloud, Minnesota has agreed to assume the non-brokered insured deposits. (PR-106-2008)
Freedom Bank, Bradenton, Florida, with approximately $287 million in total assets and $254 million in total deposits, was closed. Fifth Third Bank of Grand Rapids, Michigan has agreed to assume all deposits. (PR-109-2008)
The October 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. The survey included two sets of special questions: the first set asked domestic and foreign banks about changes in the dollar amount of [...]
As the banking industry struggles, many MBA job seekers are considering switching their sights
According to an article by Alysa Teichman in Business Week, with the banking industry in crisis, many job-seeking MBAs—especially those who once dreamed of lucrative careers in investment banking—are rushing to broaden their options by applying to consulting firms. And while it [...]
