Banking Links - March 8, 2010
Volcker Says - Keep Rates Low And Spending High - Bloomberg
Local Governments Seek To Renege On Bank Interest Rate Swaps - BI
Hard Times To Follow Reckless Fed Policies And Easy Bank Lending - Telegraph
Banks Facing Huge Losses On Mortgage Buybacks - Bloomberg
The EURO Will Survive Greece - It’s What Comes [...]

Banking Links - March 1, 2010
Buffett On Housing - Why The Bad News Is Good News -Forbes
Buffett - Failed Bankers Still Live In Grand Style - TOL
The Abrupt Collapse of Empires - LAT
Many Banks Still On The Critical List - NYT
Bank of America’s $30 Million Dollar Man - Bloomberg
Banks Hire Home Builders - WSJ
Japan’s Final [...]

Regulators Tell Banks To Lend - “Prudent Lending Will Not Be Criticized”
The FDIC is encouraging banks under its supervision to increase lending to small businesses.   In a recent Financial Institution Letter, the FDIC highlights reasons for the decline in lending to small businesses as well as the rationale for banks to lend more aggressively.
Some [...]

Banking Links - February 17, 2010
“Fool Me Once Shame On You” - US Asks Foreign Governments To Buy Mortgage Backed Securities - Again - WP
China’s Threat To Diversify Away From US Debt Becomes Reality - Bloomberg
Fed’s “Exit Strategy” A Mirage - Financial Sense
Goldman Sachs Sandbags Bond Investors On Sale Of Invisible Greek Debt - Bloomberg
BofA [...]

Banking Links - February 15, 2010
China Follows Same Script Leading to Japan and U.S. Real Estate Crash - LAT
Banking Industry A Mere Sideshow Compared to Sovereign Debt Crisis - Trader Mark
How Wall Street Helped Greece To Borrow Beyond Its Means - Debt That Isn’t Debt - NYT
Lender With the Biggest Exposure To Greece’s Sovereign Debt [...]

Depositor Losses At Barnes Banking Unknown
On Friday, January 15, 2010, Barnes Banking Company was closed by the Utah Department of Financial Institutions which appointed the FDIC as receiver.  Since no other institution could be found to assume the assets or deposits of failed Barnes Banking, the FDIC set up a Deposit Insurance National Bank (DINB) [...]

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 [...]

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 [...]

Banking Failures - 99 And Counting
The number of failed banks for 2009 has risen to 99. San Joaquin Bank of Bakersfield, California was closed by the California Department of Financial Institutions on Friday. The FDIC as receiver, entered into a purchase and assumption agreement with Citizens Business Bank or Ontario, California.
San Joaquin Bank, as of [...]

Banking Failures - 98 And Counting
2009 has now seen a total of 73 more failed banks than occurred for all of 2008.  The latest banking closures bring total banking failures for 2009 to 98.  The latest three failed bank on October 2, 2009 had total assets of $634 million and total losses to the FDIC [...]