Failed Banks

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

Bloomberg | By Scott Lanman and Craig Torres | Posted 11.24.2009 | Business


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...

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

Huffington Post | Ryan McCarthy | Posted 11.17.2009 | Business


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...

California National Bank Closed By Federal Regulators

AP | TIM PARADIS and MARCY GORDON | Posted 11.02.2009 | Business


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

FDIC Expected To Ask Banks For $36B In Prepaid Insurance Fees

AP | By MARCY GORDON | Posted 09.29.2009 | Business


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

Regulators Seize 2 Banks; 94 Failures This Year

AP | STEPHEN BERNARD | Posted 11.18.2009 | Business


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

Ryan Grim

Schumer: Failed 'Zombie' Banks Should Be Nationalized

HuffingtonPost.com | Ryan Grim | Posted 03.23.2009 | Politics


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...