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Bank Failures

Taxpayers Still On The Hook For Too Big To Fail Banks

Reuters | Posted 10.17.2012 | Business

* "Too big to fail" banks still not reformed * Key global deadlines for new rules seen slipping By Huw Jones ...

4 Benefits of the Drop in Bank Failures

Richard Barrington | Posted 09.17.2012 | Money
Richard Barrington

Trouble with banks was one of the first harbingers of what has become known as the Great Recession, and of the lackluster recovery that has followed. Perhaps an improved banking environment will be an early signal that the economy is finally getting healthy again.

Too Big to Fail and Too Big to Jail Continues

Ed Koch | Posted 09.15.2012 | New York
Ed Koch

I am incensed that no CEO of a major corporation who is alleged to have contributed to the Great Recession has been pursued criminally. All of us have read and heard the phrase, "Too big to fail." I have suggested an add-on: "Too big to jail."

Simon Johnson: Banks' Living Wills Aren't Cure For Systemic Risk

Bloomberg View | Simon Johnson | Posted 07.09.2012 | Business

Bloomberg View On July 3, the Federal Deposit Insurance Corp. and the Federal Reserve made public portions of the “living wills” developed rece...

Ex-Bank CEO Sentenced To Six Years In Prison

The Huffington Post | Alexander Eichler | Posted 09.18.2014 | Business

In 2006, American Banker magazine named Jerry Williams one of its Community Bankers of the Year. Now Williams is headed to prison for six years. Some...

FDIC Closures for the Week Ending June 8, 2012

Dennis Santiago | Posted 08.08.2012 | Money
Dennis Santiago

Earlier this week my company reported on our findings about the first quarter number of the banking industry. Our industry fact sheet indicates the banking is getting healthier.

Bank Closure in Dearborn: A Sad Ending for Fidelity's Long Struggle

Dennis Santiago | Posted 05.30.2012 | Business
Dennis Santiago

The fatal combination of being on the outs with Wall Street and the atrophy of the size of the business proved insurmountable and culminated in today's failure.

Chicago Takes a Hit From the FDIC as New City Bank Fails With No Acquirer

Dennis Santiago | Posted 05.09.2012 | Business
Dennis Santiago

The FDIC closed the second bank of 2012 to fail with no acquirer today. South Michigan Avenue became the focus of Friday evening activities to shutter the $71 million institution.

FDIC Shutters Banks in Illinois and Indiana

Dennis Santiago | Posted 04.11.2012 | Business
Dennis Santiago

On Feb. 10, 2012 the FDIC shifted bank closure activity from the south to the center of the country this week failing Charter National Bank and Trust in Hoffman Estates, Ill. and SCB Bank of Shelbyville, Ind.

FDIC Resumes Bank Closings

Dennis Santiago | Posted 03.21.2012 | Business
Dennis Santiago

The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator.

Mr. President, Stop the Great Bank Heist

Ed Koch | Posted 01.14.2012 | New York
Ed Koch

A New York Times editorial of November 9, 2011 sounded the alarm concerning what I would refer to as the Great Bank Heist. The robbery, however, is n...

Regulator Charges Three Former Execs. From Failed California Bank

Posted 12.11.2011 | Business

Securities regulators on Tuesday charged three former executives of United Commercial Bank with misleading investors about loan losses before the bank...

Chase Freezes Couple's Account Without Explanation

The Huffington Post | Tara Kelly | Posted 11.22.2011 | Business

They say breaking up with banks is hard to do. But it probably won't be too difficult for Meagan and Mike Farrell, after an allegedly unnecessary roll...

The Most Dangerous States for Banking

Richard Barrington | Posted 05.25.2011 | Business
Richard Barrington

The failure of any one bank can be traced to a number of factors specific to that bank. However, the fact that bank failures seem to occur in clusters, heavy in some states, light in others, suggests that there are risk factors specific to certain areas.

Covering Your Assets: 7 Signs Your Bank May Be Failing

Richard Barrington | Posted 05.25.2011 | Business
Richard Barrington

Even though the banking sector is getting healthier, there were still 157 bank failures in 2010. Here are seven signs to watch out for if you think your bank is in trouble.

FDIC Closes 4 Small Banks, Bringing 2011 Failures To 7

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - U.S. authorities closed four banks -- one in Denver and three in the U.S. Southeast -- on Friday with total assets of $2.7 bill...

Regulators Want To Take Back Billions From Failed Bank Execs

Posted 05.25.2011 | Business

WASHINGTON: U.S. banking regulators have authorized lawsuits against 109 bank officials so far as they seek to recover at least $2.5 billion in losses...

Big Fails: FDIC Names 2010 Worst Year For Banks Since 1992 | David S. Hilzenrath | Posted 05.25.2011 | Business

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...

U.S. Banks Failing At Fastest Pace In 2 Decades

Posted 05.25.2011 | Business

MARCY GORDON, Associated Press WASHINGTON -- Regulators shut down four more banks Friday, bringing the 2010 total to 143, topping the 140 shuttered l...

FDIC Ready To Sue Executives From Failed Banks, Seeking Over $1B

Huffington Post | William Alden | Posted 05.25.2011 | Business

The Federal Deposit Insurance Corporation is poised to sue over 50 executives from failed banks, Bloomberg News reports. The potential lawsuits would...

Small Banks May Fail but They're Still a Better Bet

Katy Welter | Posted 05.25.2011 | Business
Katy Welter

Bernanke may have no choice but to rescue to the big banks, but you do have a choice. You can move your money to a local institution that offers lots of upside when it succeeds and minimal impact when it fails.

Hard Times Are Getting Harder, Left Is Silent

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Aren't job losses and foreclosures as important as a "Ground Zero Mosque" that isn't a mosque, hasn't been built, and isn't even at Ground Zero?

WaMu Failure | SEWELL CHAN | Posted 05.25.2011 | Business

WASHINGTON -- Regulators failed for years to properly supervise the giant savings and loan Washington Mutual, even as the company wobbled under the we...

Bury Our Banks in Style!

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

How can we bury the Too Small To Bailout banks in style? Here are a few suggestions.

Shahien Nasiripour

Bank Profits Skyrocket; Big Banks Lead The Way | Shahien Nasiripour | Posted 05.25.2011 | Business

Bank profits soared to their highest level in two years as near-zero interest rates and lower reserves for future losses allowed U.S. banks to book an...