Bank Failure

The U.S. Banking Industry Is Shrinking: Who Benefits?

Posted 06.28.2011

Read More: U.S. Banks, Bank Failure, Fdic, Dodd-Frank, Financial Reform, Wells Fargo, Too Big to Fail, Bank of America, Banks, Banking Industry, Bank Consolidation, Citigroup, Business News

By Knowledge@Wharton Though the U.S. banking sector was in recovery mode in 2010, it still managed to reach some highs and lows. There were 157 ban...

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More Banks Closing In Poorer Areas

nytimes.com | Nelson D. Schwartz | Posted 05.25.2011

Read More: Bank Failure, Banks, Fdic, Local Banks, Community Banks, Banks Closing, Business News

n 2010, for the first time in 15 years, more bank branches closed than opened across the United States. An analysis of government data shows, however,...

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Big Fails: FDIC Names 2010 Worst Year For Banks Since 1992

washingtonpost.com | David S. Hilzenrath | Posted 05.25.2011

Read More: Bank Failure, Bank Failures, Subprime Mortgages, Fdic, Bank of America, Subprime Mortgage Crisis, Banks, Subprime Loan Crisis, Subprime Loans, Bank Fail, Too Big to Fail, Recession, Mortgage Crisis, Business News

More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Ins...

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More Small Banks Are Becoming TARP 'Deadbeats'

washingtonpost.com | Brady Dennis | Posted 05.25.2011

Read More: Bank Failure, Tarp Bailout, Troubled Asset Relief Program, Banking, Tarp Banks 2010, TARP Dividends, Failed Tarp Banks, Small Banks, Business News

The latest report from the agency shows that more than 120 institutions - nearly all of them small banks - have missed their scheduled quarterly divid...

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Sheila Bair, FDIC Chief: Reform Bill Will Make Bailouts 'Impossible'

American Banker | Rob Blackwell | Posted 05.25.2011

Read More: Bank Failure, Federal Deposit Insurance Coproration, Fdic, Lehman Brothers, Senate Financial Reform Bill, Financial Reform, Too Big to Fail, Resolution Authority, Banks, Sheila Bair, Financial Regulation, Business News

Would this bill perpetuate bailouts? SHEILA BAIR: The status quo is bailouts. That's what we have now. If you don't do anything, you are going to kee...

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WaMu Employees Rapped, 'I Like Big Bucks And I Cannot Lie' Before Bank Failed

Huffington Post | Grace Kiser | Posted 05.25.2011

Read More: Bank Failure, WaMu Failure, WaMu Testimony, Washington Mutual, Sir Mix a Lot, Kerry Killinger, WaMu Rap, Too Big to Fail, Business News

Testifying before a Senate subcommittee yesterday, former Washington Mutual chief executive Kerry Killinger suggested that WaMu was "allowed" to colla...

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FDIC Bank Sales: For Investors, It's Still 'Very Hard To Lose Money' On These Deals

bloomberg.com | Jonathan Keehner and Phil Mattingly | Posted 05.25.2011

Read More: Bank Failure, Colony Capital, Loss Share, Tpg, Fdic, Federal Deposit Insurance Corporation, FDIC Failed Bank Sales, FDIC Bank Sales, Starwood Capital, FDIC Asset Sales, Business News

The sales, some including no-interest financing from the agency, are part of an FDIC effort to clean out $40 billion of loans that regulators seized f...

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Paul Volcker, Former Fed Chief: Failing Banks Must Actually Fear They'll Be Allowed To Fail

AFP | 1 Hr 5 Mins Ago | Posted 05.25.2011

Read More: Bank Failure, Resolution Authority, Banks, Federal Reserve, Peterson Institute for International Economics, Volcker Rule, Paul Volcker, Business News

WASHINGTON (AFP) -- Failing US financial institutions must face the credible threat of government closure if reforms are to succeed, a key adviser to ...

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Andrew Ross Sorkin: Are Banks Holding Enough Capital?

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011

Read More: Bank Regulation, Bank Failure, Wall Street, Financial Reform, Tim Geithner, Andrew Ross Sorkin, Banks, New York Times, Capital Requirements, Business News

One reason the Obama administration has not tried to propose a one-size-fits-all capital requirement as part of the proposed legislation is the worry ...

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Jamie Dimon, JPMorgan Chase CEO: Mega-Banks Should Be Allowed To Fail -- The Right Way

washingtonpost.com | Jamie Dimon | Posted 05.25.2011

Read More: Tarp, Bank Failure, JPMorgan Chase, Resolution-Authority, Bailout, Too Big to Fail, Banks, Federal Reserve, Jamie Dimon, Fiscal Policy, Business News

Our company, J.P. Morgan Chase, employs more than 220,000 people, serves well over 100 million customers, lends hundreds of millions of dollars each d...

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FDIC Insurance Fund Goes Into The Red; Number Problem Banks Rise To Highest Level In 16 Years

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Bank Failure, Fdic, Bank Lending, FDIC DIF, Federal Deposit Insurance Corp, Bank Profits, FDIC Insurance Fund, Problem Banks, Business News

WASHINGTON — The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due lo...

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1,000 Banks Could Fail In Next Two Years: John Kanas (VIDEO)

Posted 05.25.2011

Read More: Bank Failure, Banks, John Kanas, Fdic, WL Ross, Private Equity, Bankunited, Blackstone Group, Video, Business News

Up to 1,000 banks could fail in the next two years, private equity chief John Kanas told CNBC in a recent appearance. Kanas' high-powered private equi...

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Cash-Strapped FDIC Turns To Private Equity Firms To Buy Struggling Banks

nytimes.com | ERIC DASH | Posted 05.25.2011

Read More: Bank Failure, Fdic, Guarnty Bank, Federal Deposit Insurance Corp, Bank, Sheila Bair, Private Equity, Business News

Faced with a growing wave of bank failures, the Federal Deposit Insurance Corporation is taking extraordinary steps to attract buyers for troubled ins...

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Toxic Loan Levels Hit 5%, 150 Banks At Risk

bloomberg.com | Posted 05.25.2011

Read More: Bank Failure, Toxic Loans, Fdic, Nonperforming Loans, Toxic Assets, Nonaccuring Loans, Recession, Business News

More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say ...

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Health Care Ruckus Drives Financial Collapse out of the Headlines

Francine Hardaway | Posted 05.25.2011

Read More: Obama Health Care Reform, Bank Failure, Elizabeth Warren, Tarp, Morning Joe, Wall Street Bailout, Bailout, Recession, Business News
Francine Hardaway

Let's put our eye back on the ball. Focus on ourselves. Let the banks fail, but the people succeed. Survive the re-set in the economy, which I believe is permanent, by getting in shape.

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Why Obama Was Smart to Come Out Strongly Against the AIG Bonuses

Mitchell Bard | Posted 05.25.2011

Read More: Thomas Friedman, Aig Bonuses, This Week, President Obama, Aig, Democrats, The Fed, Bank Failure, Dick Gregory, Republicans Party of No, 60 Minutes, Financial Crisis, New York Times, Timothy Geithner, Ben Bernanke, Republicans, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, AIG., Politics News
Mitchell Bard

The Republicans were going to grab onto the populist anti-bank feelings in the country to position themselves as the party of the people, with the Democrats being cast as the party of the bankers.

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Washington Planning For Big Bank Failure

CNN Money | Colin Barr | Posted 05.25.2011

Read More: Bank Failure, Banks, Bank Bailout, Treasury, Business News

The government is bracing for a big bank failure. A bill introduced in Congress would give the FDIC, the agency that stands behind Americans' bank de...

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How Many More Failed Banks Will FDIC Seize Today?

Mark Nickolas | Posted 05.25.2011

Read More: Bank Failure, Banking Crisis, Financial Crisis, Fdic, Name That Bank Seizure, Bank Failures, Business News
Mark Nickolas

With the economy continuing to deteriorate, the question is how many more failed banks will the FDIC at the close of business today?

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Freedom Bank Of Georgia Shut By Regulators.; 17th Failures This Year

AP | MARCY GORDON | Posted 05.25.2011

Read More: Bank Failure, Banks, Bank Failures, Freedom Bank of Georgia, Business News

WASHINGTON — Regulators on Friday shut down Freedom Bank of Georgia, marking the 17th failure this year of a federally insured bank, and more ar...

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Over 30 Illinois Banks Could Collapse In 2009: Report

Chicago Tribune | Becky Yerak | Posted 05.25.2011

Read More: Bank Failure, Economy, Illinois Banks, Banking Crisis, Banking Industry, Illinois Bank Failures, Illinois Bank Closures, Oakland-Illinois, Chicago News

More than 30 Illinois banks and thrifts have high levels of delinquent loans and stand a greater risk of being closed by regulators in 2009 if they do...

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Silver Falls Bank, Small Oregon Bank, Becomes 14th Bank To Fail This Year

AP | MADLEN READ | Posted 05.25.2011

Read More: Bank Failure, Banks, Silver Falls Bank Fails, Silver Falls Bank, Oregon, Business News

NEW YORK — Regulators on Friday closed Silver Falls Bank in Silverton, Ore. _ the 14th federally insured institution to fail this year, and the ...

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Citigroup's Spending Indefensible and Unacceptable

Rep. Elijah Cummings | Posted 05.25.2011

Read More: Bank Failure, New York Mets, Citigroup Bailout, Economy, Citibank Bailout, Financial Crisis, Citigroup New York Mets, Citigroup, Business News
Rep. Elijah Cummings

If the company has the funds to paste its name on the new Mets stadium, it has the money to maintain its operations and keep the 52,000 jobs it announced last week it would be eliminating.

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Silver State Bank In Nevada Fails

AP | MARCY GORDON | Posted 05.25.2011

Read More: Silver State Bank, Bank Failure, Fdic, Business News

WASHINGTON — Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commer...

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FDIC May Borrow Money From Treasury For Expected Bank Failures

Reuters | Posted 05.25.2011

Read More: Bank Failure, Fdic, Economy, Housing Crisis, Business News

Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the...

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Feds: 117 Banks In Trouble, Highest Level Since 2003

AP | MARCY GORDON | Posted 05.25.2011

Read More: Indymac, Bank Failure, Bank Closure, Troubled Banks, Federal Deposit Insurance Corp, Business News

WASHINGTON — The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the sec...

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