FDIC Forecasts $19 Billion In Losses On Banking Failures – Why The Losses Will Be Five Times Larger

The FDIC today released an update on expected losses for banking failures through 2015. For the five year period 2011 through 2015 the FDIC is forecasting total losses from banking failures  of $19 billion.  Total losses from banking failures during 2010 were $23 billion compared to $6.4 billion in 2011 year to date losses.  A […]

Banking Industry Problems Persist As Revenues Decline – Quarterly Banking Profile

Confirmation of weakness in the banking industry came today with the release of the March 31, 2011 FDIC Quarterly Banking Profile (QBP).  Most investors in banking stocks, with some exceptions, know that the performance of their bank stock investments has tracked the weak state of the economy and banking industry. The widely followed KBW Bank […]

FDIC Quarterly Banking Profile Shows Increase In Problem Banks

The latest FDIC Quarterly Banking Profile (QBP) shows another increase in the number of problem banks.  The mortgage and debt crisis that began in 2007, along with continued weakness in the economy has resulted in a huge increase in the number of problem banks. In 2007, the FDIC had a total of 76 institutions on […]

Turnberry Bank of Aventura, Florida Shut Down by Regulators

The Office of Thrift Supervision shut down Turnberry Bank of Aventura, Florida, yesterday on July 16, 2010. The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver. Turnberry Bank was a full service community bank which had served South Florida since 1985. Branches were located in Aventura, Coral Gables, Pinecrest, and South Miami, Florida. The […]