FDIC 2009 Third Quarter Banking Profile Depicts Troubled Banking Industry The FDIC released its Quarterly Banking Profile today which shows continued deterioration in the financial performance of the banking industry during the third quarter of 2009. The Quarterly Banking Profile depicts a banking industry that continues to struggle as shown by deteriorating loan quality, increased […]
Archives for November 2009
FDIC Losses Total $1Billion On 3 Bank Failures
November 14, 2009 By Leave a Comment
Banking Failures Hit 123 As Of November 13, 2009 Regulators closed three additional banks today in Florida and California. The three failed banks had a total of 36 branches with total assets of $3.6 billion. The total cost to the FDIC Deposit Insurance Fund for the three failed banks is estimated at $986.4 million. The […]
Commercial Real Estate – The Most Widely Advertised Crash In History
November 12, 2009 By Leave a Comment
Is Armageddon Upon Us? Predictions of Armageddon for the commercial real estate market are being urgently issued daily by prognosticators of doom. Many analysts are breathlessly predicting that collapsed real estate prices ensure a mountain of defaulting commercial real estate loans that will lead to the failure of thousands of small and regional banks. […]
5 Banking Failures For November 6, 2009 Include 4th Largest Bank Failure Of 2009
November 7, 2009 By Leave a Comment
120 Banking Failures In 2009 Regulators closed 5 additional failed banks today in California, Missouri, Minnesota, Michigan and Georgia. Four of the five failed banks were relatively insignificant, having only 8 branches and total assets of $400 million. The largest failed bank of the week was United Commercial Bank, San Francisco, CA which had $11.2 […]
Banking News
November 1, 2009 By Leave a Comment
To Rein In Pay Rein In Wallstreet Why are financial industry paychecks so big? Those who want to do something about bringing that pay down ought to focus on why there has been so much money in the financial sector in recent years. It should be no surprise that people in that business wanted to […]
Regulators Attempt To Solve Commercial Loan Crisis With “Extend and Pretend” Guidelines
November 1, 2009 By Leave a Comment
“Huge Crash” In Commercial Real Estate Predicted The potential for massive losses on commercial bank loans has been an open secret for some time now. Both industry experts and regulatory agencies are concerned that a wave of defaults on commercial loans could result in billions of losses for an already weakened banking system. The latest […]