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.
Leading community bankers say the very weak economy and continued high unemployment will weigh on the region in 2010 while the banking industry itself is in for a round of consolidation. “We are in for a rough year. The economy is very soft. I don’t think there will be a real recovery until there is [...]
The Philadelphia region escaped last year with no bank failures, but that does not mean federal bank regulators are failing to scrutinize local institutions. At the end of the year, 15 of 101 banks based here were operating under regulatory agreements to address weaknesses in loans and other areas, such as staffing, according to an [...]
One thing Matt Williams would like to make clear is that a struggling economy has not treated all bankers badly. “Many banks are in trouble but a lot of news articles lump all banks together and include investment bankers and mortgage brokers which are clearly not banks,” said Williams, president and chairman of Gothenburg State [...]
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 [...]
Did accounting help cause the financial crisis? A minuet playing out now is showing that the answer is yes — but not in the way the banks want us to believe. According to an article by Floyd Noris in the New York Times, the issue is a couple of new accounting rules that are forcing [...]
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 [...]
Set aside, for a moment, Jamie Dimon’s argument that the United States’ “too big to fail” policy should end — albeit not by capping the size of American banks. According to an article by Kevin Dobbs on SNL.com, a growing number of community bankers and industry experts say the heart of the problem is simple: [...]
According to an AP story, regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of U.S. bank failures this year as loan defaults rise in the worst financial climate in decades. The Federal Deposit Insurance Corp. took over Orion Bank, based in Naples, Fla., with about [...]
Struggling banks in need of deposits will soon face another hurdle that could hasten failures. According to Kevin Dobbs and Russ Yates on SNL.com, beginning Jan. 1, banks that the FDIC regards as short of “well capitalized” will not be allowed to pay more than 75 basis points above the U.S. average rate for deposits, [...]
There was little disagreement when four economic analysts took center stage Nov. 5 during the Urban Land Institute’s Fall Meeting and Urban Land Expo in San Francisco. Everyone agreed tough times are ahead for commercial real estate in 2010, according to Zach Fox from SNL.com. Or, as Kenneth Rosen, chairman of the Fisher Center for [...]
