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.
Regulators closed banks in Florida, Georgia and New Mexico, awarding a third financial institution to Bond Street Holdings LLC, an investment firm that first bought banks in January.
Bond Street’s Premier American Bank purchased Englewood, Florida-based Peninsula Bank, according to a statement on the Federal Deposit Insurance Corp.’s website. Yesterday’s three failures cost the agency’s deposit-insurance [...]
After contending with nearly 240 bank failures since the financial crisis struck, the Federal Deposit Insurance Corporation is finally getting some help from private investors.
A spate of recent banking takeovers and investments suggests that stronger financial institutions and private investment firms see value in the detritus of American banking. According to an article in the [...]
On Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Georgia, Illinois, Michigan and Missouri. This brings the total number of bank failures to 72 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007.
According an analysis by Zacks Equity Research, although the [...]
A group of heavyweights in national banking circles could form a bank in Jacksonville by using more than $500 million in capital to buy up failed banks.
The group seeking to form a national bank charter in Jacksonville already has about $528 million in cash, and includes former top executives from Bank of America Corp., an [...]
According to an AP article, Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally insured banks.
The Federal Deposit Insurance Corp. was appointed receiver of Park Avenue Bank in New York, Old Southern Bank in Orlando, Fla. and Statewide Bank in Covington, [...]
The Federal Deposit Insurance Corporation is bracing for a new wave of bank failures that could cost the agency many billions of dollars and further strain its finances, according to an article in the NY Times.
Sheila C. Bair said the F.D.I.C. expected bank failures to peak in 2010, and “we think that we have the cash [...]
Six community banks failed Friday, bringing the 2010 tally of failed U.S. banking institutions to 15.
Friday’s failures are expected to cost the Federal Deposit Insurance Corp.’s insurance fund a total of $1.9 billion.
According to a story in TheStreet, all six failed institutions had been previously assigned E-minus (Very Weak) financial strength ratings by TheStreet.com Ratings, [...]
Losses on commercial real estate loans pose the biggest risk to U.S. banks this year, troubling smaller lenders while unlikely to threaten the entire financial system, U.S. bank examiners concluded during a review.
“Losses from commercial real estate will be quite high by historic standards,” said Eugene Ludwig, former Comptroller of the Currency who is now [...]
Yesterday’s bank closings (three total) evidence a continuation of the worrisome trends we have been seeing over the past several months. Based on an article on CommodityOnLine, These are:
(1) It is costing the FDIC a great deal more than it has historically to protect depositors in the failed banks.
(2) In other words, these banks are [...]
Regulators close Cleveland-based AmTrust Bank, and five other banks which are estimated to cost the FDIC $2.4 billion.
The nation’s tally of 2009 bank casualties hit 130 Friday when regulators shuttered a large Ohio bank, an Illinois bank, a Virginia bank and three small Georgia banks – according to a CNN Money story .
The largest bank [...]