Dennis Santiago

FDIC Ends April 2012 Closing Five More Banks

Dennis Santiago | Posted 04.28.2012

Read More: Dennis Santiago, Fdic, Institutional Risk Analytics, Community Banks, Bank Crisis, Bank Closures, Fdic Bank Closures, Money News
Dennis Santiago

Like a wave of tornadoes touching down, the FDIC struck across the country on Friday shuttering five banks from coast to coast.

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

Dennis Santiago | Posted 03.30.2012

Read More: Dennis Santiago, Sec, Fdic, Institutional Risk Analytics, Bank Failures, Dearborn Michigan, Nasdaq, Business News
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.

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

Dennis Santiago | Posted 05.09.2012

Read More: Dennis Santiago, Fdic, Institutional Risk Analytics, Bank Failures, Chicago, Business News
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.

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FDIC Bank Closures: The Devil Remains Down in Georgia

Dennis Santiago | Posted 05.02.2012

Read More: Dennis Santiago, Banking, Economic Recovery, Fdic, Institutional Risk Analytics, Failed Banks, Business News
Dennis Santiago

The FDIC closed another bank in Georgia this week bringing the total to three so far in 2012. Global Commerce Bank in Doraville became the latest casualty of the bank clean up's march through the South.

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FDIC Bank Failures on Feb. 24 Include Rare "No Acquirer" Event

Dennis Santiago | Posted 04.25.2012

Read More: Banking, Dennis Santiago, Fdic, Economic Recovery, Institutional Risk Analytics, Failed Banks, Business News
Dennis Santiago

It doesn't happen very often, but this week one of the two banks closed by the FDIC failed to find a buyer. Such failures have been rare events to date as the regulator resolves troubled institutions.

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Banking 2012: Maneuvering to Survive the Desert Landscape of Zero Interest Rates

Dennis Santiago | Posted 04.07.2012

Read More: Dennis Santiago, Credit Rating Agencies, Economic Recovery, Tbtf, Institutional Risk Analytics, Community Banks, Zirp, Bank Lending, Zero Interest, Lending Freeze, Fed Lending, Business News
Dennis Santiago

Simply put, with zero interest rates pushing operating margins down to nothing, the only thing starving bankers have left to do to survive the drought is cannibalize the industry.

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Four More Bank Closures Mark the Week of January 27, 2012

Dennis Santiago | Posted 03.28.2012

Read More: Move Your Money, Dennis Santiago, Banking Crisis, Economic Recovery, Institutional Risk Analytics, Business News
Dennis Santiago

The general pattern of the FDIC closing banks with weak operating characteristics and deepening asset quality troubles continues. The FDIC shuttered four additional banks today bringing the 2012 count to seven.

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FDIC Resumes Bank Closings

Dennis Santiago | Posted 03.21.2012

Read More: Dennis Santiago, Economic Recovery, Fdic, Bank Failures, Institutional Risk Analytics, Business News
Dennis Santiago

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

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Investors Stuff Mattresses and Wait for US Economy to Find Direction

Dennis Santiago | Posted 03.17.2012

Read More: Dennis Santiago, Economic Recovery, Business News
Dennis Santiago

Our economy is withering not because we are poor but because we have no direction.

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Are Advocates Against Responsible Banking Being Responsible?

Dennis Santiago | Posted 01.14.2012

Read More: Dodd-Frank Act, Economic Recovery, Responsible Banking, Dennis Santiago, Los Angeles, Richard Alarcon, California, Los Angeles News
Dennis Santiago

Richard Alarcon's now long hampered quest to bring Responsible Banking to the city of Los Angeles asks questions important to all communities in this country.

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L.A. Waffles on Responsible Banking

Dennis Santiago | Posted 12.20.2011

Read More: Dennis Santiago, Los-Angeles-City-Council-Responsible-Banking-Initiative, Los Angeles, Richard Alarcon, Los Angeles News
Dennis Santiago

The City of Los Angeles talks a great game about the "love in at the park" of its version of the Occupy movement. But clearly the old guard apparatus isn't yielding ground as fast as the rhetoric.

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Crunching the Bank Numbers for 1st Quarter of 2011

Dennis Santiago | Posted 07.26.2011

Read More: Fdic, Dennis Santiago, Bank Risk, Move Your Money, Mortgage Crisis, Quantitative Easing, Institutional Risk Analytics, Too Big to Fail, Business News
Dennis Santiago

I've been staring at the summary statistics for the industry today and file the following observations for those of you entertained by how this is all playing out.

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"Big Fail" Pondering the Unthinkable

Dennis Santiago | Posted 07.24.2011

Read More: Move Your Money, Dennis Santiago, Fdic, Institutional Risk Analytics, Dodd-Frank, Bank Risk, Business News
Dennis Santiago

The U.S. economy's deposits, assets and risk instruments remain concentrated in a very small number of large institutions. What if one of them, just one of them, collapsed?

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FDIC Bank Assessments Change on April 1st As Dodd-Frank Comes to Banking

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Bank Regulation, Dodd-Frank Act, Banks, Fdic, Institutional Risk Analytics, Business News
Dennis Santiago

Come April Fool's Day, the free ride is over. The "base assessment amount" changes to a new formula. From now on it's the bank's total assets minus its tangible common equity (TCE) that determines the base amount.

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A Deepening Dearth of Lending

Dennis Santiago | Posted 05.25.2011

Read More: Bank Regulation, Move Your Money, Dennis Santiago, Banks, Economic Recovery, Business News
Dennis Santiago

Next time you interact with your bank, ask them to tell you more about they are doing about expanding loan production. Some will balk, but others will gladly wax on about how they'll make things better.

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Getting to Yes: Making Responsible Banking Work for Los Angeles, California and the Rest of "Main Street" America

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Responsible Banking, Tim Geithner, Richard Alarcon, Institutional Risk Analytics, Jerry Brown, Economic Recovery, Ben Bernanke, Bernard Parks, Sheila Bair, Los Angeles, Barack Obama, La Impact, Los Angeles News
Dennis Santiago

The U.S. is a big country and D.C. isn't the only place exploring ways to find economic recovery formulae. Across the country, cities and states are beginning to chart independent paths to creating their own "islands of recovery".

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Moving the Economy Forward: Can the City of Los Angeles Pass Its Responsible Banking Ordinance?

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Economic Recovery, Responsible Banking, Los Angeles, Richard Alarcon, Los Angeles News
Dennis Santiago

Richard Alarcon and his colleagues on the L.A. City Council drafted an ordinance calling for the city to favor financial contracts with banks that demonstrate "responsible banking practices" benefiting the economy and people of L.A.

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Keep a Watchful Eye on Banks From Your Mobile Phone

Dennis Santiago | Posted 05.25.2011

Read More: Iphone, Dennis Santiago, Blackberry, Bank Reform, Android, Third World America, Mobile Phones, Move Your Money, Systemic Risk, Institutional Risk Analytics, Technology News
Dennis Santiago

There is need for independent ways to find banks and -- more important -- ask consumer choice questions about how they rate compared to their neighbors. Now you can do it on a handheld.

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November and the Calculus of American Centrism

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Triangulation, 2010 Elections, Barack Obama, Pragmatism, Professional Left, Elections 2010, Politics News
Dennis Santiago

The ensuing aimless frustration and fury in politics are the cards that excite the media as the pursuit of ratings turns everything into reality television. But where are the voices of the American center?

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A Question of National Security: Looking for Green Shoots

Dennis Santiago | Posted 05.25.2011

Read More: 9/11, Dennis Santiago, Iraq, Afghanistan, Barack Obama, Homeland Security, Al Qaeda, World News
Dennis Santiago

Six months after 9/11 on March 11, 2002 the created the color code threat system was created. Life in the United States has been Yellow ever since; we have altered our infrastructure to accept constant threat as normal.

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Move Your Money: Bank Regulators Hold Hearings in Los Angeles

Dennis Santiago | Posted 05.25.2011

Read More: Bank Regulation, Dennis Santiago, Community Reinvestment Act, Congress, Fdic, Office of the Comptroller of the Currency, Office of Thrift Supervision, Move Your Money, Federal Reserve, Institutional Risk Analytics, Barack Obama, Richard Alarcon, Los Angeles News
Dennis Santiago

These hearings that could improve the Community Reinvestment Act, the 1977 law designed to ensure banks remain connected to communities. Regulators decided it may be time to update how this law is enforced.

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Re-Assessing Afghanistan From a National Interest Perspective

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, National Security, Afghanistan, Barack Obama, Foreign Policy, World News, Politics News
Dennis Santiago

The day when Afghanistan's battlegrounds will go fallow is coming. Then the Afghans will be left to pick through the detritus of our visit.

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Is National Opportunity Passing Us By?

Dennis Santiago | Posted 05.25.2011

Read More: Election Issues, Dennis Santiago, Economic Recovery, California, Middle Class, National Policy, Politics News
Dennis Santiago

Why are corporations scouring the world looking for skilled labor at reduced costs while ignoring this massive labor pool under their own noses? Why aren't there policy mechanisms coming online to dissuade this?

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Move Your Money: Surveying Deposit Changes From the First 90 Days

Dennis Santiago | Posted 05.25.2011

Read More: Move Your Money, Dennis Santiago, Fdic, Mym, Community Banks, Credit Unions, Local Bank, Business News
Dennis Santiago

Nearly six months after we launched moveyourmoney.info, we're now able to see the numerical effects of the Move Your Money concept.

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Why the Supreme Court's Ruling Was a Long Overdue Victory for Civil Rights

Dennis Santiago | Posted 05.25.2011

Read More: Supreme Court, Dennis Santiago, Gun Control, Civil Rights, Second Amendment, Gun Laws, Supreme Court Gun Laws, SCOTUS Guns, Supreme Court Second Amendment, Politics News
Dennis Santiago

Whether you like guns or not, on this Independence Day our dead from Colfax shall rest better in their graves in a Nation whose protections are again closer to the dream they died for.

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