The most expensive banking failure in U.S. history was the closure of IndyMac Bank in July 2008. The original estimated loss to the FDIC of $8.9 billion has recently been increased to $10.7 billion or 33% of IndyMac’s assets at the time of closure. The story of how IndyMac Bank was allowed by regulators […]
FDIC Sheila Bair – “Too Big To Fail Creates Enormous Risk”
September 18, 2009 By Leave a Comment
Too Big To Fail Doctrine Needs To Be Abandoned FDIC Chairman Sheila Bair, in a speech at Georgetown University, outlined her plan for a better regulated financial system based on market discipline and ending the “too big to fail” concept. Chairman Bair’s viewpoint is that the doctrine of “too big to fail” rewards mismanagement and […]
2 Failed Banks For September 18, 2009 – Irwin Financial’s “Adequately Capitalized” Banks Closed
September 18, 2009 By Leave a Comment
Banking Failures – 94 And Counting 2009 has now seen a total of 69 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 94. The latest two failed banks on September 18, 2009 had total assets of $3.2 billion and total […]
Will “Too Big To Fail” Banks Crash The Financial System?
September 13, 2009 By 3 Comments
Why The Biggest Banks Are Too Big To Fail The “too big to fail bank” issue has been debated ever since the financial meltdown of 2008 brought many of the mega banks to the brink of financial collapse. The government’s recent moves to strengthen its financial regulatory powers over financial institutions has brought to center […]
3 Failed Banks For September 11, 2009 – Corus Bank Finally Closed
September 12, 2009 By Leave a Comment
Banking Failures – 92 And Counting 2009 has now seen a total of 67 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 92. The latest three failed banks on September 11, 2009 had total assets of over $8 billion and […]
Is It Safe?
September 8, 2009 By 3 Comments
Should you keep your money in an FDIC insured problem bank? Or are you asking for trouble? As of the latest report released by the FDIC there were 416 problem banks at June 30, 2009, up from 117 the previous year and up from 305 on March 31, 2009. Total assets held by the […]
Is The Banking Industry Collapsing Or Improving? – Charts Provide Some Insights
August 27, 2009 By 1 Comment
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 […]
FDIC 2009 Second Quarter Banking Profile
August 27, 2009 By 1 Comment
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, […]