You are browsing the archives of 2009 November.

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 charge-offs, an [...]

One Tiny Bank Seized
Regulators continued their leisurely pace of bank closings this week, shuttering only a tiny one branch bank in Florida.  With hundreds of banks technically insolvent, loan credit quality declining and non performing loans at all time highs, regulators seem to be hoping that zombie banks can somehow recover if they are left [...]

The FDIC has deemed it necessary to publicly proclaim to that there is no “safer place in the world for your money” than an FDIC insured account.
“No Safer Place In The World For Your Money”
As bank failures are in the news, the FDIC is reminding consumers that our financial resources run deep and that their [...]

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 FDIC [...]

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.   Problem [...]

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 billion in [...]

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 be paid [...]

“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 warning [...]