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 [...]

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 [...]

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 [...]

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 [...]

Are Rising Interest Rates The Next Black Hole For Banks?
Banks seem to have perfected the technique of over investing into the wrong asset class at the wrong time.  As banks dramatically reduce lending while trying to recover from bad investments in mortgages and commercial real estate, are they now repeating their history of poor asset [...]

One Tiny Bank Fails in Minnesota - Total Failures Reach 16 In 2010
Regulators closed one bank today in Minnesota.   The failed bank had total assets of $18.2 million and total deposits of $16.3 million.   The cost to the FDIC Deposit Insurance Fund for the closing of this tiny failed bank is estimated at $3.1 [...]

Six More Banking Failures Bring Year’s Total To 15
Regulators closed six banks today in Florida, Minnesota, California, Washington and two in Georgia.  The six failed banks had total assets of $5.5  billion and total deposits of $4.9 billion.  The total cost to the FDIC Deposit Insurance Fund for the six failed banks is estimated at [...]

Regulators closed five banks today in Florida, Missouri, New Mexico, Washington and Oregon.  The five failed banks had total assets of $3.2 billion and total deposits of $2.6 billion.  The total cost to the FDIC Deposit Insurance Fund for the five failed banks is estimated at $531.7 million or 17% of total assets.  The cost [...]

Financial Meltdown Fueled By Misguided Fed Policies
In an appearance before the Financial Crisis Inquiry Commission, FDIC Chairman Bair testified on behalf of the FDIC on the causes of the worst financial crisis since the Great Depression.  Since the financial meltdown of 2008, many financial analysts and government officials have given eloquent after the fact explanations [...]