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.
Posts Tagged ‘FDIC’
It’s Bank Failure Friday again. Five went down today
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 [...]
FDIC sends a big F-U: completely blacked out documents in response to WaMu takeover freedom of information requests
Gosh, whatever happened to all the changiness and transparency that Obama said he’d bring to DC?
More to the point, what is FDIC to terrified of divulging?
Four more failed banks today
Why are 21 of the 116 failed banks so far this year in Georgia? That’s way out of proportion to their population.
A special Halloween Bank Failure Friday
The FDIC seized 9 banks today.
This as the banksters prepare to pay themselves unprecedentedly high bonuses. Well, destroying the economy while you vacuum money from the working and middle class to yourself is hard work. Plus, most people now think bankers are pond scum. So, they just have to pay themselves extra for all that, [...]
Make it stop, it hurts. FDIC may do mega-securitization of failed banks
Gosh, bundling up toxic glop worked so well the first time that it only led to an economic crisis. Now the FDIC wants to bundle the glop again, only on a larger scale? Ouch. That makes my brain hurt.
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?
FDIC seizes Colonial BancGroup
This is a big one, $25 billion in assets, 346 branches, as well as ongoing federal criminal investigations.
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 [...]
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.
It’s Bank Failure Friday again!
Four banks were pronounced DOA today by FDIC.
This includes the pompously yet erroneously named First Bank of Beverly Hills of Calabasas, California which was so terminal that no other bank even wanted what road kill was left of their former assets.
Their name strongly implies they are upscale Beverly Hills yet they had only one branch [...]
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.
More on bank failures
The FDIC seized two more banks on Friday.
Mish says
If you must [have money in a bank above the FDIC limit] for some reason (corporate payroll for example), at least pick a bank the Fed and the FDIC will defend at any and all costs. Right now that means Bank of America, JPMorgan, or Citigroup.
This is [...]
