4 banks went down today.
Calculated Risk has their Unofficial Problem Bank List at 641 banks now.
Feeling prosperous yet?
Posts Tagged ‘bank failures’
It’s Bank Failure Friday again
It’s Bank Failure Friday again. Five went down today
FDIC list
Calculated Risk:
That makes five bank failures today, and two with over $1 billion in assets each.
There were 140 bank failures in 2009, 25 in 2008 and 3 in 2007, so that makes 171 for this cycle.
9 have failed so far this year.
Bank Failure Friday. Seven more banks went down
That’s 140 so far this year. Some banks had uninsured depositors (because they had more in the bank than the insured limit.) Calculated Risk’s unofficial problem bank list has increased to 551, and they have it online in a handy, sortable format.
Too bad those uninsured depositors weren’t banks. Because then the federal government would give [...]
You have no clue how bad bank balance sheets really are
Georgian Bank, which wasn’t on the FDIC list of problem banks as of June 30, failed last week. How many more banks are looming in the darkness out there that appear to be healthy but aren’t?
What’s scary is that this level of opacity likely extends upwards to the ranks of the too-big-to-fail institutions that can’t [...]
FDIC may borrow money from banks to protect banks. (This is NOT satire)
Gosh, what could go wrong with a risky conflict of interest like FDIC borrowing money from banks so it can prop them up if they fail?
Five bank failures today
So, is FDIC still solvent?
Can you spot the trend?
Bank failures in 2009. From the Chart Store via The Big Picture.
FDIC’s Bair: Up to 500 more banks could fail
That’s what a senator quoted her as saying at a hearing. The FDIC demurs a bit, saying no estimate was given on the number of banks that could fail.
Note that FDIC is not even remotely being perky here or saying bank failures won’t happen. Nor are they making any attempt to contradict that up to [...]
7 bank failures today
Friday is a holiday, so Bank Failure Friday was pushed forward one day, and today was a doozy. Seven bank failures
A biggie Bank Failure Friday
Five banks got seized by FDIC yesterday.
Bank Failure Friday claims three more
Three more zombie banks were seized by FDIC Friday afternoon. That’s 35 so far this year vs. 25 for all of 2008.
Bank Failure #34: BankUnited, Coral Gables, Florida
A big one this time, and the FDIC couldn’t wait until Friday, the normal day for bank seizures. Hmmm.
FDIC seizes three banks Friday
Three more banks were taken over Friday by the FDIC, including Silverton in Atlanta GA, the nation’s largest bank of banks, with 1,500 customer banks.
Silverton killed itself by drinking too much housing boom kool-aid. It created a huge portfolio of residential real estate construction projects. Some of these loans were syndicated out to smaller shareholder [...]
FDIC wants $500 billion credit line from Fed
They also want to raise fees they charge banks, all of this to build up their fund in anticipation of a tsunami of coming bank failures.
It’s Bank Failure Friday again
Riverside Bank of the Gulf Coast of Cape Coral, FL and Sherman County Bank in Loup City, NE went kersplat today and were seized by the FDIC.
Update: Two more just got added to the list, Pinnacle Bank of Beaverton, OR. and Corn Belt Bank and Trust Company, Pittsfield, IL. This makes a total of [...]
