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) […]
Bank Depositors Lose Millions As FDIC Finds No Buyers For 2 Failed Banks
March 6, 2010 By Leave a Comment
Why The Bad News On Housing Is Good News
February 28, 2010 By Leave a Comment
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 […]
Latest Banking Failures – Rainier Pacific Bank, Carson River Community Bank
February 27, 2010 By Leave a Comment
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 […]
No Easy Way Out As Bank Lending Stalls
February 25, 2010 By Leave a Comment
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 […]
Graphic Look At The Sorry State Of US Banking
February 24, 2010 By Leave a Comment
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 […]
Defaults May Overwhelm A Struggling World Economy
February 23, 2010 By Leave a Comment
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 […]
Will More Leverage Save The Economy?
February 23, 2010 By Leave a Comment
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 […]
Financial Regulatory Reform Remains Illusive
February 22, 2010 By Leave a Comment
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 […]
FDIC Encourages New Lending As Loan Defaults Grow
February 21, 2010 By Leave a Comment
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. […]