Government Taxes Prudent To Help Foolish With Mortgage Rescue Plans
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 [...]
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 [...]
How Much Did Depositors Actually Lose at Barnes Banking Company?
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) [...]
Three Banking Failures Cost FDIC $300 Million
January 15, 2010 - Regulators Close 3 Banks
Regulators closed three banks today in Utah, Minnesota and Illinois. The three failed banks had total assets of $922.1 million and total deposits of $877.3. The total cost to the FDIC Deposit Insurance Fund for the three failed banks is estimated at $296.3 million or 32% of total [...]
Buyers For Failed Banks Hard To Find As FDIC Loses $1.8 Billion On 7 Bank Closings
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 [...]
Regulators Hit Snooze Button - One Tiny Bank Closed
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 [...]
When The FDIC Says Not To Worry - It’s Time To Worry
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 Regulators Wake Up - 7 Small Banks Closed For October 23, 2009
Banking Failures - 106 And Counting
Banking regulators have been closing banks at a leisurely pace over the past two weeks despite the fact that many analysts expect upwards of 1,000 additional banks to fail based on their poor financial condition and mounting loan losses. The FDIC Problem Bank List currently includes 416 banks with total [...]
Three Failed Banks For October 2, 2009 - Warren Bank Example Of Regulatory Failure
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 [...]
FDIC To Bolster Insurance Fund With Prepaid Bank Assessments
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 [...]
