Failed Banks

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

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

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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FDIC Prepares To Crack Down On Officials Of Failed Banks

LA Times | E. Scott Reckard | Posted 05.25.2011

Read More: Bank Fraud, US Economy, Fdic, Failed Banks, Business News, Nation's Deposit Insurance Fund, FDIC Crack Down, Business News

he Federal Deposit Insurance Corp. has told dozens of former bank officers and directors that it has drawn up lawsuits accusing them of misdeeds such ...

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Who's in Control?

Marian Salzman | Posted 05.25.2011

Read More: Volatility, Loss of Faith, Liberals, Barbara Billingsley, Addictions, Ambiguity, Unpredictability, Trends, Ireland, European Union, Spain, Dennis Hopper, Real Estate, 24/7 News, Iceland, Control, Norman Rockwell, Conservatives, Failed Banks, June Cleaver, Trendspotting, Society, Europe, Anxiety, Portugal, Nostalgia, Pension Funds, Bono, Business News

This is the tenth in a series of 12 posts expounding on the 2011 forecasts in the annual trends report from Salzman, president of Euro RSCG Worldwide ...

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FDIC Launches Criminal Investigations Of 50 Failed Banks

Wall Street Journal | Posted 05.25.2011

Read More: Fdic, FDIC Investigation, Bank Crisis, FDIC Bank Probe, Failed Banks, Financial Crisis, Business News

The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that ha...

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More Than 100 U.S. Banks Have Failed THIS YEAR

AP | MARCY GORDON | Posted 05.25.2011

Read More: 100 Failed Banks, Bank Failures, Bank Seizures, FDIC Bank Failures, Failed Banks, 2010 Failed Banks, Banks, Banks Failed, Business News

WASHINGTON — U.S. bank failures this year have surpassed a bleak milestone of 100 as regulators shut down banks in Georgia, Florida, South Carol...

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FDIC Closes Four Banks: Bank Of Illionois, Sun American, Waterfield, Centennial Bank

AP | IEVA M. AUGSTUMS and MARCY GORDON | Posted 05.25.2011

Read More: Banks Closed, Sun American, Normal, Fdic, Community Banks, Fdic Seizures, Ogden, Waterfield, Germantown, Utah, 2010, Centennial Bank, Wall Street, Boca Raton, Failed Banks, Bank of Illinois, Banks, Florida, Illinois, Maryland, Business News

CHARLOTTE, N.C. — Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in th...

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FDIC Shuts Down Four Banks: 20 Banks Closed In 2010

AP | MARCY GORDON | Posted 05.25.2011

Read More: Texas, Fdic, Bank Failures, California, Failed Banks, Bank Tax, Banks, Financial Crisis, Georgia, Florida, Sheila Bair, Business News

WASHINGTON — Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year followin...

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At Last, One Government Agency Considers Cutting Mortgage Principal For Distressed Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agenc...

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FDIC, Reluctant Landlord, Owns $1.8 Billion In Real Estate

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: Bank Failures, Dresden Heights, Real Estate, Land Owner, Alpha Bank, Developments, Fdic, Condos, Liquidation, Quantum Bank, Bank Assets, Failed Banks, Land, Financial Crisis, Banks, Liquidate, Landlord, Business News

Sheila Bair, de facto real estate magnate? As the mortgage market imploded over the past few years, the head of the Federal Deposit Insurance Corpor...

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FDIC Fire Sale! 11 Homes For Under $10,000 (PHOTOS)

Huffington Post | Carlos Cagin | Posted 05.25.2011

Read More: Fdic, Slidehuge, Homes, Slidepoll, Cheapest Homes, Real Estate, Housing Crisis, Cheap Homes, Failed Banks, Home Prices, Cleveland, Subprime Mortgage Crisis, Detroit, FDIC Real Estate Sales, Foreclosure, Michigan, Subprime Mortgage, Business News

Need a cheap home? Just call the FDIC. During the housing crisis, the Federal Deposit Insurance Company took over thousands of failed banks' soure...

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FDIC Shuts Down AmTrust Bank, 5 Others: 130 Failed Banks So Far In 2009

AP | MARCY GORDON | Posted 05.25.2011

Read More: Tattnall Bank, Amtrust, New York Community Bank, Fdic, Greater Atlanta Bank, Failed Banks, Buckhead Community Bank, Banks, Benchmark Bank, First Security National Bank, Ohio Savings, Sheila Bair, 1st Security National Bank, Business News

WASHINGTON — Regulators have shut down six more banks, bringing to 130 the number of U.S. banks to be brought down so far in 2009 by recession a...

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Federal Regulators Close 9 Banks

AP | TIM PARADIS and MARCY GORDON | Posted 05.25.2011

Read More: Banks, Fdic, California National Bank, Banks Seized, Failed Banks, Fiscal Policy, Business News

NEW YORK — Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy produces a stream of loan d...

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Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 05.25.2011

Read More: Tarp, Geithner, Repayment Plan, Stress Tests, Goldman Sachs, Bank of America, Paulson, Timeline, Regions Financial, Gmac, Wells Fargo, Fdic, Failed Banks, Toxic Asset Relief Plan, Fed, TARP Repayment, Treasury, Banks, Financial Crisis, Citigroup, Business News

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

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FDIC Expected To Ask Banks To Prepay $36B In Fees

AP | By MARCY GORDON | Posted 05.25.2011

Read More: Federal Deposit Insurance Corp., Fdic, Liquidity, Economy, Liquid, Prepaid Bank Insurance, Recession, Bailout, Insurance, Finance, Failed Banks, Treasury, Banks, Fees, Sheila Bair, Healthy Banks, Business News

WASHINGTON (AP)-- The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to rep...

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Regulators Seize 2 Banks; 94 Failures This Year

AP | STEPHEN BERNARD | Posted 05.25.2011

Read More: Fdic, Banks, Bank Seizures, Failed Banks, Business News

NEW YORK — Regulators shut down two banking units of Irwin Financial Corp. Friday, marking the 93rd and 94th failures this year of federally ins...

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Schumer: Failed 'Zombie' Banks Should Be Nationalized

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Chuck Schumer, Nationalization, Democratic National Convention, Failed Banks, Schumer on Nationalization, Politics News

Sen. Charles Schumer (D-N.Y.) believes that failed "zombie" banks, no matter what their size, should be taken over by the government, which should the...

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