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 [...]

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 [...]

7 Banking Institutions Closed On December 18, 2009  -  FDIC Forced To Retain $1.9 Billion In Failed Bank Assets - Depositors Lose $3.2 Million

As the number of banking failures increase, the FDIC appears to be encountering increasing difficulty in finding buyers for failed banks,  despite agreeing to cover a large percentage of potential losses by [...]

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 [...]

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 [...]

FDIC To Increase DIF  By $45 Billion
The FDIC announced today a proposal to increase the deposit insurance fund (DIF) by requiring financial institutions to prepay three years of assessments.   The collection of prepaid assessments will allow the FDIC to cover the cost of future banking failures without tapping their credit line with the US Treasury [...]

The FDIC Board of Directors will meet today to discuss the Deposit Insurance Fund Restoration Plan, assessments and funding.  As the number of banking failures continues to increase, it has become obvious that the current amount of reserves ($10.4 billion) in the FDIC deposit insurance fund (DIF) are totally inadequate to cover expected FDIC losses [...]

Banking Failures - 89 And Counting
2009 has now seen a total of 64 more failed banks than occurred for all of 2008.  The latest banking closures by the FDIC bring total banking failures for 2009 to 89.  The latest five failed banks on September 4, 2009 had total assets of $1.14 billion and total losses [...]

Banking Industry - Recovery or Another Bailout?
The latest FDIC Quarterly Banking Profile shows a banking industry still in turmoil, as non performing loans reached all time highs.  The banking industry reported an aggregate net loss of $3.7 billion in the latest quarter ending June 30, 2009 compared to a year ago quarterly profit of $4.7 [...]

Quarterly Banking Profile, June 30, 2009
On August 27, 2009, the FDIC released their Quarterly Banking Profile for the Second Quarter of 2009.
The Banking Profile depicts a banking industry that continues to struggle as shown by deteriorating loan quality, an increased number of banks on the Problem Bank List, a declining FDIC Insurance Fund, aggregate losses [...]