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 […]
Three Failed Banks For October 2, 2009 – Warren Bank Example Of Regulatory Failure
October 2, 2009 By 1 Comment
Regulators Admit To Huge Decline In Loan Credit Quality
October 1, 2009 By Leave a Comment
No End In Sight To Debt Defaults The extent of the continued severe deterioration in loan credit quality was revealed in the Shared National Credits Review, issued jointly by the Federal Reserve, FDIC, Office of the Comptroller of the Currency and the Office of Thrift Supervision. Credit quality declined sharply The credit risk of these […]
Troubled Asset Ratio Good Predictor Of Failed Banks
October 1, 2009 By Leave a Comment
Many Bank Failures Easy To Predict Evaluating the financial health of a bank is a complex process which requires an in depth analysis of a bank’s financial statements. Most bank depositors would be ill equipped to assess whether or not a particular bank might be in financial difficulty. There is, however, one simple concept […]
Regulators Were Blind To Risk In Biggest U.S. Banking Failure
September 29, 2009 By Leave a Comment
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 […]
One Failed Bank For September 25, 2009
September 27, 2009 By Leave a Comment
Banking Failures – 95 And Counting 2009 has now seen a total of 70 more failed banks than occurred for all of 2008. The latest banking closure brings total banking failures for 2009 to 95. The latest failed bank on September 25, 2009 had total assets of $2 billion and total losses to the FDIC […]
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 […]
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 […]
5 Failed Banks For September 4, 2009
September 4, 2009 By Leave a Comment
Banking Failures – 89 And Counting 2009 has now seen a total of 64 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 89. The latest five failed banks on September 4, 2009 had total assets of $1.14 billion and total […]