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 […]
Is The Banking Industry Collapsing Or Improving? – Charts Provide Some Insights
August 27, 2009 By 1 Comment
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, […]
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 […]
Corus Bankshares – September Closing Would Be In Top Five Banking Failures For 2009
August 25, 2009 By Leave a Comment
Bidding Deadline Set For Corus – Closure Expected In September Reuters is reporting a bidding deadline for problem bank Corus Bankshares of September 3, 2009. The disclosure of a bidding deadline followed shortly by a bank closure follows the procedure recently observed with the closing of Guaranty Financial Group last week. The closing of Corus […]
Analyst Predicts Up To 200 More Banking Failures
August 25, 2009 By Leave a Comment
Banking Failures Continue Banks are facing numerous problems in the current banking crisis. Mortgage defaults continue to rise to unprecedented levels, commercial loans are forecast to be the next black hole in bank balance sheets and loan volume continues to contract. The FDIC has been closing banks at what appears to be a leisurely pace […]
4 Failed Banks For August 21, 2009 Include Second Largest Banking Failure In 2009
August 21, 2009 By Leave a Comment
Banking Failures – 81 And Counting 2009 has now seen a total of 56 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 81. The latest four failed banks on August 21, 2009 had total assets of $13.9 billion and total […]
Depositors Lose $4.2 Million In Failed Bank – Is My Cash Safe In The Bank?
August 20, 2009 By 3 Comments
Depositors Face Loss Of $4.2 Million On Bank Failure The closing of Community Bank of Nevada last week came as a very unpleasant surprise to some depositors. The FDIC estimates that there was approximately $4.2 million of uninsured deposits in the bank at the time of closing. The uninsured depositors had savings in the bank […]
FDIC Loan Guarantees Under TLGP Decline Slightly For July 2009
August 20, 2009 By Leave a Comment
FDIC Debt Guarantees Decline 5.6% The FDIC Temporary Loan Guarantee Program (TLGP) was instituted late last year. The program’s stated purpose and goals, according to the FDIC, is as follows: The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, […]
5 Failed Banks For August 14, 2009 Include 6th Biggest Banking Failure In U.S. Histroy
August 14, 2009 By Leave a Comment
Banking Failures – 77 And Counting 2009 has now seen a total of 52 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 77. The latest five failed banks on August 14, 2009 had total assets of $26.8 billion and total […]