Bank Failures

Page: 1 2

Smaller Banks May Be Forced To Subsidize "Too Big To Fail"; Leading House Dem Wants To Change That

HuffingtonPost.com | Shahien Nasiripour | Posted 11.19.2009 | Business

Read More: Insurance Fund Too Big to Fail, Tbtf, Bank Failures, Too Big to Fail, Brad Sherman Bank Amendment, Brad Sherman, Financial Crisis, Business News

-This story has been updated- A leading House Democrat plans to introduce Thursday a provision that would require those banks deemed "too big to fai...

Read Whole Story

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

Huffington Post | Ryan McCarthy | Posted 11.17.2009 | Business

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...

Read Whole Story

Too Big To Fail, Too Small To Survive: Small Bank Failures Mount, While Big Banks' Profits Soar

Huffington Post | Marcus Baram and Grace Kiser | Posted 10.29.2009 | Business

Read More: Tbtf, Small Bank Failures, FDIC Bank Failures, Bank Failures, Too Big to Fail, Stiglitz Bank Failures, Joseph Stiglitz Bailout, Bailout Bank Profits, Business News

On Wall Street, they may be popping the champagne bottles over big bank profits this past quarter. But times are tough for small to mid-size banks aro...

Read Whole Story

First Dupage Bank Of Westmont Fails: 17th Illinois Bank Closed By Regulators

Chicago Tribune | Becky Yerak | Posted 10.24.2009 | Chicago

Read More: Bank Failures, Economy, First Midwest Bank, First Dupage Bank of Westmont, Illinois Bank Failures, First Dupage Bank, Chicago News

First Dupage Bank of Westmont was closed Friday by state and U.S. regulators....

Read Whole Story

Small Banks Failing As Big Banks Grow Stronger

nytimes.com | ERIC DASH | Posted 10.10.2009 | Business

Read More: Fdic, Banks Fail, Bank Failures, Too Big to Fail, Federal Deposit Insurance Corp, Bailout, Bank Bailout, Small Banks, Business News

A year after Washington rescued the banks considered too big to fail, the ones deemed too small to save are approaching a grim milestone: the 100th ba...

Read Whole Story

FDIC's Seizure Of Georgian Bank: Are Banks Flying Blind?

bloomberg.com | Jonathan Weil | Posted 10.01.2009 | Business

Read More: Fdic, Bank Failures, Banks, Bank Balance Sheets, Federal Deposit Insurance Corp, Georgian Bank, Sheila Bair, Business News

How many other seemingly healthy multibillion-dollar community banks are out there waiting to implode? That's impossible to know, which is what's so u...

Read Whole Story

FDIC: Bank Failures To Cost Around $100 Billion

AP | MARCY GORDON and DANIEL WAGNER | Posted 09.29.2009 | Business

Read More: Banks, Bank Seized, Fdic, Bank Failures, Banks Seized, Business News

WASHINGTON — A plan that regulators proposed Tuesday to have banks prepay $45 billion in insurance premiums won't provide a long-term fix for th...

Read Whole Story

The Big Bailout of '08: Hindsight Is Blind

Fortune's Stanley Bing | Posted 09.24.2009 | Business

Read More: Bank of America, Bank Failures, Paulson, Bailouts, Bernanke, Recession, Michael Moore, Socialism, Dick Fuld, Capitalism, Thain, Geithner, Business News

Maybe Michael Moore's anti-capitalist screed is actually an interesting nexus where right and left converge in hatred of the system that rewards failure and lets the bad guys run the next iteration of the machine.

Read Post

FDIC Is Accelerating Bank Shutdowns

MSNBC | Ben Steverman | Posted 11.15.2009 | Business

Read More: Fdic, Bank Failures, Bank Closures, Banks, Business News

By most measures, the past year has been the worst financial crisis in a lifetime. But not by one significant measure: Bank failures....

Read Whole Story

3 More Banks Fail: 2009 Tally Hits 92

CNNMoney.com | Ben Rooney | Posted 11.13.2009 | Home

Read More: Fdic, Finance, How Many Banks Failed in 2009, Banks, Bank Failures, Closed Banks, Recession, Bailout, Corus Bankshares Inc., Economy, Failed Banks in 2009, Home News

Regulators closed one large bank in Illinois on Friday in one of the biggest collapses of the year, while two other smaller failures pushed the 2009 t...

Read Whole Story

Big Banks Still Hold FDIC Captive

Posted 09.21.2009 | Business

Read More: Bank Failures, Fdic, Economic Crisis, Bank of America, Big Banks, Wells Fargo, Business News

The FDIC, which was created to protect society from deposit runs, is no longer able to fulfill its mission because the biggest banks have grown far be...

Read Whole Story

Is The FDIC Broke? Recent Bank Failures Tax Reserves

dailykos.com | By Gjohnsit | Posted 09.19.2009 | Business

Read More: Fdic, Bank Failures, Federal Deposit Insurance Corp, Accounting Reform, Guaranty Bank, Colonial Bank, Business News

When Colonial Bank failed on Friday, the 77th bank to fail this year, very few people noted that it was the largest bank failure of 2009. Even fewer p...

Read Whole Story

Banking on Failure: FDIC Shutting Down Insolvent Banks at a Record Pace

Sheldon Filger | Posted 09.18.2009 | Business

Read More: Banking Crisis, Colonial-Bank, Timothy Geithner, Colonial Bank Failure, Fdic, Bank Failures, Federal Deposit Insurance Corporation, Eurozone, Stress Tests, Former-Soviet-Bloc, Geithner Banks, Obama Bank Stress Tests, FDIC Banks, Banks, Western Europe, Eastern Europe Economy, Bank Bailout, Geithner Bank Bailout, Business News

It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

Read Post

Colonial BancGroup Shut Down By Feds In Biggest US Bank Failure This Year

Posted 09.15.2009 | Business

Read More: Bank Failures, Colonial Bankcgroup Fails, Colonial Bankcgroup, Bb, Colonial Bankcgroup Shut Down, Economy, Business News

MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer WASHINGTON - Real estate lender Colonial BancGroup Inc. has been shut down by fe...

Read Whole Story

BANK FAILURES: Illinois Leads Nation In 2009

State Journal-Register | Tim Landis | Posted 08.07.2009 | Chicago

Read More: Illinois Bank Closures, Fdic, Bank Failures, Banking Crisis, Illinois Bank Failures, Recession, Chicago News

Illinois leads the nation in bank failures this year, though regulators say that is primarily because it has more banks than any other state. The num...

Read Whole Story

Number Of Bank Failures In 2009 Hits 40

CNN Money | Posted 07.20.2009 | Business

Read More: Fdic, Banks, Bank Failures, Bank Seizure, Business News

Regional banks in North Carolina, Kansas and Georgia were closed by state regulators Friday, bringing the total number of failed banks this year to 40...

Read Whole Story

Bank Of Lincolnwood Shut By Federal Regulators, 37th FDIC Bank To Fail This Year

AP | MARCY GORDON | Posted 07.07.2009 | Chicago

Read More: Bank of Lincolnwood, Bank Failures, Illinois Bank Failures, Fdic, Banking Crisis, Republic Bank of Chicago, Chicago News

WASHINGTON — Regulators on Friday shut down Bank of Lincolnwood, a small bank in Illinois, marking the 37th failure this year of a federally ins...

Read Whole Story

How To Live On $0 A Day: Where To Put Your Remaining Assets

Lesley Stern | Posted 06.29.2009 | Comedy

Read More: Fdic, Bank Failures, Bank Fees, Piggy-Banks, Humor, Budget, Prada, Economy, Economic Crisis, Guns, Financial Advice, Mattress, Investing, Investment Advice, Insurance, Financial Meltdown, Banks, Financial Crisis, Booze, Comedy, Tarp, Stress Tests, Credit Crisis, Credit Cards, Bailout, Fees, Business, Living, Stock Market, Wall Street, Comedy News

Many banks won't accept deposits of less than $100. Those that do tend to get a little uppity when presented with a deposit in 20 lbs. of rolled pennies.

Read Post

Good News for the Surprisingly Not Very Stressed

Fortune's Stanley Bing | Posted 06.08.2009 | Business

Read More: Bank Failures, Bailouts, Bank Stress Tests, Stress Tests, Business News

The majority of our banks have flunked their stress tests. Are we worried? Not at all. Because while they are stressed, they are not stressed as badly as we might have feared.

Read Post

Georgia leads the nation in bank failures

AP | RUSS BYNUM | Posted 06.04.2009 | Business

Read More: Bank Failures, Banks, Banking Crisis, Georgia, Georgia Banks, Georgia Bank Failures, Business News

GIBSON, Ga. — The banner above FirstCity Bank still reads "Celebrating 100 Years of Service," but the 690 residents of this rural community aren...

Read Whole Story

Four More Banks Fail

AP | Ieva M. Augstums | Posted 05.25.2009 | Business

Read More: Banks, Banks Fail, Bank Failures, Business News

Regulators on Friday shut down four more banks, boosting the number of failures this year to 29 -- more bank closures than in all of last year. The l...

Read Whole Story

2 more banks fail, lifting this year's tally to 23

AP | MADLEN READ | Posted 05.11.2009 | Business

Read More: Fdic, Banks, Cape Fear Bank Fails, Bank Failures 2009, Bank Failures, Cape Fear Bank, Business News

NEW YORK — Federal regulators shut down two more banks Friday, raising the number of bank failures so far this year to 23. The first bank was C...

Read Whole Story

60 Minutes: Bank Failures And The FDIC

Huffington Post | Posted 04.09.2009 | Business

Read More: Failing Banks, Bank Failures, Fdic, FDIC Banks, FDIC Chairman Sheila Bair, Banks Being Seized, FDIC Funds, Seizing Failed Banks, Business News

Television news magazine 60 Minutes went behind-the-scenes to show viewers what happens when a bank fails. 60 Minutes correspondent Scott Pelley fol...

Read Whole Story