Coin Update News Author
Bank Depositors Lose Millions As FDIC Finds No Buyers For 2 Failed Banks
Banking Failures in Florida, Illinois, Maryland and Utah Bring 2010 Total To 26
The weekly banking failures continue as regulators closed four more failed banks. The four failed banks for March 5, 2010 had total assets of $1.1 billion and total deposits of $1.0 billion. The cost to the FDIC Deposit Insurance Fund (DIF) for [...]
Latest Banking Failures - Rainier Pacific Bank, Carson River Community Bank
Banking Failures in Nevada and Washington Bring 2010 Total To 22
The weekly banking failures continue as regulators closed two more failed banks in Nevada and Washington. The two failed banks had total assets of $769 million and total deposits of $496 million. The cost to the FDIC Deposit Insurance Fund (DIF) for this week’s [...]
No Easy Way Out As Bank Lending Stalls
Banking Links - February 25, 2010
Banks, Like Everyone Else, Face Massive Tax Hikes - Bloomberg
‘Nascent’ Recovery Requires Low Rates - Bloomberg
Banks Bet On Greece Default - NYT
Credit Card Borrowing Becomes Road To Impoverishment - NYT
Bernanke Seeks To Preserve Fed’s Powers - WP
Citigroup To Sell Hedge Fund Business - WSJ
Banks Ease Terms On Jumbo Mortgage Lending [...]
Graphic Look At The Sorry State Of US Banking
Quarterly Banking Profile December 31, 2009
The FDIC Quarterly Banking Profile for the latest quarter ending December 31, 2009 continues to show a banking industry struggling with record levels of charge-offs and noncurrent loans.
Net Charge-offs And Noncurrent Loans At Record Levels
Net charge-offs for the fourth quarter of $53 billion increased by $14.4 billion over the same [...]
Defaults May Overwhelm A Struggling World Economy
Banking Links - February 24, 2010
Sovereign Defaults - When The Impossible Becomes Inevitable - Bloomberg
Treasury To Borrow $200 Billion For The Fed - WSJ
Banks Expand Consumer Lending At 120% Interest Rates - Bloomberg
Banks Spurn Small Business Loans - Baseline Scenario
Banks Cash In On Overdraft Fees - NYT
How The Government Encourages Strategic Mortgage Defaults - FT
Will More Leverage Save The Economy?
Banking Links - February 23, 2010
Excess Leverage Always Has A Bad Ending - Atlantic
Japan, Like Greece, Is Beyond Redemption - Bloomberg
Loan Mods Nothing More Than An Expensive Delay - Guess Who Pays? -Calculated Risk
Why Every Welfare State Will Follow Greece Into The Abyss - WP
US Banking Lending Drops At Fastest Rate In History - Telegraph
The [...]
Financial Regulatory Reform Remains Illusive
Banking Links - February 22, 2010
Regulatory Financial Reform - All Talk, No Action - FS
Without Borrowers Or Lenders, Deflation Is Inevitable - B Prechter
Yield Starved Japanese Scoop Up US Treasury Debt - Bloomberg
Fed Shows Its Hand With Discount Rate Hike - Econobrowser
Low Borrowing Rates Meaningless Without Income - NYT
Fundamental Financial Reform Victim Of Competing Special [...]
4 Banks Collapse Bringing 2010 Total To 20, OneWest Makes Billions On Failed Bank Purchases
Banking Failures in Texas, California, Illinois and Florida Bring 2010 Total To 20
Regulators continued their ritual of Friday night bank closings, shuttering 4 more banks across the country. The four failed banks had total assets of $4.2 billion and total deposits of $3.4 billion. The cost to the FDIC Deposit Insurance Fund (DIF) for [...]
Asset Wealth Illusions Fade As Debt Defaults Continue
Banking Links - February 21, 2010
Plunging Commercial Real Estate Values Not Reflected On Banks Balance Sheets- WP
Does Foreclosure Assistance For The Long Term Unemployed Make Sense? - Bloomberg
Discount Rate Hike Meaningless To Savers As Rates Stay Low - Bloomberg
Insurers Of Municipal Debt May Face Huge Claims - Bloomberg
Pros Ponder Merit Of Citigroup Stock - Barrons
Yield [...]
Indebted Governments See Central Banks As Final “Funding Option”
Banking Links - February 18, 2010
Is Your Bank On The “Do Not Trust” List? - Yahoo Finance
With Fiscal Policy Options Exhausted Japan Looks To Central Bank For Salvation - Bloomberg
Banks Take Blame For Collapse of Greece - FT
With Economy In “Recovery” Question Of How To Shrink Fed Balance Sheet Debated - Bloomberg
PIGS Risk Pushing Europe’s [...]