Banking Failures – 84 And Counting 2009 has now seen a total of 59 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 84. The latest three failed banks on August 28, 2009 had total assets of $1.9 billion and total […]
FDIC Eases Policy On Private Equity Investment In Banks
August 26, 2009 By Leave a Comment
FDIC’s Objective Is A “Safe and Sound” Banking System On July 2, 2009, the FDIC issued a proposed policy statement on the qualifications for failed bank acquisitions by private capital investors. Since that time, their have been intense lobbying efforts by private equity groups to persuade the FDIC to relax the rather stringent proposed capital […]
5 Failed Banks For July 31, 2009
July 31, 2009 By Leave a Comment
Banking Failures – 69 and Counting 2009 has now seen a total of 44 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 69. The latest five failed banks on July 31, 2009 had total assets of $2.7 billion and total […]
Failed Banks For June 19, 2009 – FDIC Losses Total $363 Million
June 20, 2009 By Leave a Comment
Failed Banks: Southern Community Bank, Cooperative Bank and First National Bank There were three more failed banks this week on June 19 – Southern Community Bank, Fayetteville, Georgia and Cooperative Bank, Wilmington, North Carolina and First National Bank of Anthony, Anthony, Kansas. 2009 has now seen a total of 15 more failed banks than occurred […]
Sheila Bair Comments on Banks “Too Big To Fail”
June 17, 2009 By Leave a Comment
FDIC Chairman Sheila Bair Comments on Obama Administration’s Regualtory Reform The FDIC released Sheila Bair’s comments today regarding the new financial regulatory reform proposed by the Obama administration. FDIC Chairman Sheila C. Bair said, “I commend President Obama for his leadership on financial regulatory reform and his inclusive approach to policy development. There are key […]
Failed Banks For May 21, 2009
May 21, 2009 By Leave a Comment
Failed Banks: BankUnited, FSB There was one more failed bank this week on May 21 – BankUnited, FSB, Coral Gables, FL. 2009 has now seen a total of 9 more failed banks than occurred for all of 2008. The FDIC closure of BankUnited brings total banking failures for 2009 to 34 banks. The FDIC estimates […]