FDIC seizes Colonial BancGroup
This is a big one, $25 billion in assets, 346 branches, as well as ongoing federal criminal investigations.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Tag FDIC
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…
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…
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.