2010 Banking Failures Increase To 30 As Three More Banks Fail The banking failures continue as regulators closed three more failed banks. The three failed banks for March 12, 2010 had total assets of $1.1 billion and total deposits of $1.0 billion. The cost to the FDIC Deposit Insurance Fund (DIF) for these latest […]
Is The Banking Industry On The Road To Recovery Or Perdition?
March 13, 2010 By Leave a Comment
Banking Links No Catching Up – Staggering 10% Of All Mortgage Borrowers Are Delinquent 3 Payments – WP Many Mortgage Borrowers Beyond “Help” – MSN Will Dodd’s Financial “Reform” Program Really Solve Anything? – LAT How Lenders Are Hiding Defaulting Commercial Real Estate Loans – MM Another Bad Idea – Governments Seek To Solve Debt […]
New York Banking Failure Brings 2010 Total To 27
March 11, 2010 By Leave a Comment
First Banking Failure In New York Brings 2010 Total To 27 Banking regulators closed LibertyPointe Bank of New York, NY today, the first banking failure in New York this year. As of December 31, 2009 LibertyPointe had total assets of $209.7 million and total deposits of $209.5 million. The cost to the FDIC Deposit Insurance […]
Government Taxes Prudent To Help Foolish With Mortgage Rescue Plans
March 7, 2010 By Leave a Comment
Banking Links – March 8, 2010 Volcker Says – Keep Rates Low And Spending High – Bloomberg Local Governments Seek To Renege On Bank Interest Rate Swaps – BI Hard Times To Follow Reckless Fed Policies And Easy Bank Lending – Telegraph Banks Facing Huge Losses On Mortgage Buybacks – Bloomberg The EURO Will Survive […]
Bank Depositors Lose Millions As FDIC Finds No Buyers For 2 Failed Banks
March 6, 2010 By Leave a Comment
Banking Failures in Florida, Illinois, Maryland and Utah Bring 2010 Total To 26 The weekly banking failures continue as regulators closed four more failed banks. The four failed banks for March 5, 2010 had total assets of $1.1 billion and total deposits of $1.0 billion. The cost to the FDIC Deposit Insurance Fund (DIF) […]
Why The Bad News On Housing Is Good News
February 28, 2010 By Leave a Comment
Banking Links – March 1, 2010 Buffett On Housing – Why The Bad News Is Good News -Forbes Buffett – Failed Bankers Still Live In Grand Style – TOL The Abrupt Collapse of Empires – LAT Many Banks Still On The Critical List – NYT Bank of America’s $30 Million Dollar Man – Bloomberg Banks […]
Latest Banking Failures – Rainier Pacific Bank, Carson River Community Bank
February 27, 2010 By Leave a Comment
Banking Failures in Nevada and Washington Bring 2010 Total To 22 The weekly banking failures continue as regulators closed two more failed banks in Nevada and Washington. The two failed banks had total assets of $769 million and total deposits of $496 million. The cost to the FDIC Deposit Insurance Fund (DIF) for this […]
No Easy Way Out As Bank Lending Stalls
February 25, 2010 By Leave a Comment
Banking Links – February 25, 2010 Banks, Like Everyone Else, Face Massive Tax Hikes – Bloomberg ‘Nascent’ Recovery Requires Low Rates – Bloomberg Banks Bet On Greece Default – NYT Credit Card Borrowing Becomes Road To Impoverishment – NYT Bernanke Seeks To Preserve Fed’s Powers – WP Citigroup To Sell Hedge Fund Business – WSJ […]
Graphic Look At The Sorry State Of US Banking
February 24, 2010 By Leave a Comment
Quarterly Banking Profile December 31, 2009 The FDIC Quarterly Banking Profile for the latest quarter ending December 31, 2009 continues to show a banking industry struggling with record levels of charge-offs and noncurrent loans. Net Charge-offs And Noncurrent Loans At Record Levels Net charge-offs for the fourth quarter of $53 billion increased by $14.4 billion […]
Defaults May Overwhelm A Struggling World Economy
February 23, 2010 By Leave a Comment
Banking Links – February 24, 2010 Sovereign Defaults – When The Impossible Becomes Inevitable – Bloomberg Treasury To Borrow $200 Billion For The Fed – WSJ Banks Expand Consumer Lending At 120% Interest Rates – Bloomberg Banks Spurn Small Business Loans – Baseline Scenario Banks Cash In On Overdraft Fees – NYT How The Government […]