As the Wall Street Journal reports this morning, in what are called a "loss-share" agreements, buyers of failed banks are getting billions of dollars ...
Posted 09.28.2009 | Business
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...
HuffingtonPost.com | Shahien Nasiripour | Posted 09.27.2009 | Business
More than one in four U.S. banks are unprofitable, a number fueled by rising numbers of bad loans, the FDIC announced Thursday. The percent of banks ...
The Huffington Post Investigative Fund | Ben Protess | Posted 09.27.2009 | Business
As expected, the board of the Federal Deposit Insurance Corp. has approved controversial rules that will govern how risk-taking private equity firms c...
AP | MARCY GORDON | Posted 09.27.2009 | Business
WASHINGTON — The agency that guarantees bank deposits said Thursday there are no immediate plans to borrow money from the government to bolster ...
AP | STEVENSON JACOBS | Posted 09.26.2009 | Business
NEW YORK — The government agency that guarantees you won't lose your money in a bank failure may need a lifeline of its own. The coffers of the...
Posted 09.21.2009 | Business
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...
nytimes.com | FLOYD NORRIS | Posted 09.21.2009 | Business
As the number of banks closed by the Federal Deposit Insurance Corporation has grown rapidly this year, it has become clear that most of them had noth...
AP | JEANNINE AVERSA | Posted 09.21.2009 | Business
JACKSON, Wyo. — Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying th...
nytimes.com | ERIC DASH | Posted 09.21.2009 | Business
Faced with a growing wave of bank failures, the Federal Deposit Insurance Corporation is taking extraordinary steps to attract buyers for troubled ins...
dailykos.com | By Gjohnsit | Posted 09.19.2009 | Business
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...
Sheldon Filger | Posted 09.18.2009 | Business
It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.
Jerry Chautin | Posted 09.17.2009 | Business
These banks are not able to resume normal lending operations because they are not willing to dispose of their toxic assets at the current market values.
AP | DANIEL WAGNER | Posted 09.14.2009 | Business
WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair is pushing back against key elements of the Obama administration's financial o...
bloomberg.com | Posted 09.14.2009 | Business
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 ...
ProPublica | Paul Kiel | Posted 08.29.2009 | Business
A growing number of small and midsize banks that received federal bailout money have stopped paying quarterly dividends to the government in order to ...
AP | MARCY GORDON | Posted 08.23.2009 | Business
WASHINGTON — Key regulators on Thursday broke with the Obama administration, reaffirming their belief that some new powers to monitor big instit...
AP | STEPHEN MANNING | Posted 08.22.2009 | Business
WASHINGTON — General Electric Co. said Wednesday that it has begun to exit a program that allows companies to issue debt backed by the federal g...
Marshall Auerback | Posted 08.21.2009 | Business
Roosevelt Braintruster Marshall Auerback wonders why bailed-out banks are getting giddy with dangerous speculation and sky-high bonuses when the rest of us are still dealing with financial chaos.
AP | MARCY GORDON | Posted 08.18.2009 | Business
WASHINGTON — Regulators on Friday shut two banks in California and two smaller banks in Georgia and South Dakota, boosting to 57 the number of f...
Reese Schonfeld | Posted 08.16.2009 | Business
The Administration continues to proclaim that we will create new jobs through small business and entrepreneurship. That's going to be very hard to do with CIT gone.
David Paul | Posted 08.16.2009 | Business
The US economic turnaround may not be complete. The AIG turnaround may not be complete. The GM turnaround may not be complete. But Goldman Sachs is back.
Garrett Johnson | Posted 08.14.2009 | Business
It's safe to say that whatever the fundamental problem with the banking system, it is at the very least 35 years old, if not older. Which brings us to Oklahoma City.
Alan Schram | Posted 08.13.2009 | Business
Is it possible that all that money spent is at best doing nothing more than delaying the inevitable, and at worst exacerbating the very problem it was meant to solve?
State Journal-Register | Tim Landis | Posted 08.07.2009 | Chicago
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...
Posted 10.16.2009 | Business