Banking Failures – 106 And Counting Banking regulators have been closing banks at a leisurely pace over the past two weeks despite the fact that many analysts expect upwards of 1,000 additional banks to fail based on their poor financial condition and mounting loan losses. The FDIC Problem Bank List currently includes 416 banks with […]
One Failed Bank For October 16, 2009 – San Joaquin Bank
October 17, 2009 By Leave a Comment
Banking Failures – 99 And Counting The number of failed banks for 2009 has risen to 99. San Joaquin Bank of Bakersfield, California was closed by the California Department of Financial Institutions on Friday. The FDIC as receiver, entered into a purchase and assumption agreement with Citizens Business Bank or Ontario, California. San Joaquin Bank, […]
7 Reasons Not To Have Confidence In The Banking System
October 13, 2009 By Leave a Comment
Does the recent strong rally in the shares of bank stocks imply that the banking crisis is over, or are we looking at a mirage? Here are 7 reasons why the banking crisis may only be in the early stages of an ongoing crisis which could ultimately result in a lack of public confidence in […]
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 […]
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 […]
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 […]
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 […]