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Bank Failure

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

AP | DANIEL WAGNER | Posted 11.24.2009 | Business

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

washingtonpost.com | Jamie Dimon | Posted 11.13.2009 | Business

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

Posted 09.28.2009 | Business

Read More: Bank Failure, Banks, John Kanas, Fdic, WL Ross, Private Equity, Bankunited, Blackstone Group, 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 09.21.2009 | Business

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 Publicly-Traded Banks At Risk

bloomberg.com | Posted 09.14.2009 | Business

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 09.12.2009 | Business

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 04.16.2009 | Politics

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 04.07.2009 | Business

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

AP | MARCY GORDON | Posted 04.06.2009 | Business

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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How Many More Failed Banks Will FDIC Seize Today?

Mark Nickolas | Posted 04.06.2009 | Business

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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Over 30 Illinois Banks Could Collapse In 2009: Report

Chicago Tribune | Becky Yerak | Posted 03.28.2009 | Chicago

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 03.23.2009 | Business

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 12.25.2008 | Business

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 10.07.2008 | Business

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 09.27.2008 | Business

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 09.26.2008 | Business

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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9th US Bank Failure Of 2008

Reuters | Posted 09.23.2008 | Business

Read More: Columbian Bank and Trust Company, Bank Failure, Bank Failures, Economy, Business News

Bank regulators closed Columbian Bank and Trust Company on Friday, the ninth U.S. bank to fail this year as the weakening economy and falling home pri...

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Feds Seize Two More Banks

AP | AMANDA LEE MYERS | Posted 08.03.2008 | Business

Read More: First National Bank of Nevada, First Heritage Bank, Bank Failure, Fdic, Bank Fails, Business News

PHOENIX — Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of an...

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Regulator Warns US Bank Failures Could Rise Above "Historical Norms"

Financial Times | Daniel Pimlott, Krishna Guha and Joanna Chung and Ben White | Posted 05.01.2008 | Business

Read More: Bank Regulation, Bank Failure, Bank Failures, Business News

US bank failures could rise above "historical norms" as a weakening economy puts pressure on badly underwritten loans, particularly in commercial real...

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