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 [...]
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 [...]
According to an story in the Baltimore Sun by Marcy Gordin and Tim Paradis, regulators have shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults. The banks closed on Friday by the Federal Deposit Insurance Corporation were in California, Illinois, [...]
The Atlanta Business Chronicle reported on August 27, 2009 that Georgia’s commercial banks collectively reported another loss in the second quarter, and nearly 60 percent of all the state’s banks were unprofitable, according to data published Thursday by the Federal Deposit Insurance Corp. The Peach State’s 304 FDIC-insured financial institutions posted a $1.8 billion loss in [...]
