bank failure

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Latest blogosphere posts tagged “bank failure”

  • Bank Failure Friday’s still taking victims well into the holidays


    ShortFormBlogAuthority Authority: 525
    130 banks have failed so far this year – its a good thing were in December $ 12 billion the value of AmTrust Bank, the fourth-largest to fail this year source Related posts: Citi wants to play “good bank, bad bank” A virtual bank CEO on EVE Online is apparently a dirty criminal ...
    1 day ago
  • One Of Clevelands Biggest Banks Fails: FDIC Gets Poem


    Pittsburgh Arts - Digging PittAuthority Authority: 126
    Cant keep on stealing all these great haiku from Calculated Risk . Wow, a bright comet... Giant "Amtrust-Rex" looks up. Annihilation Soylent Green Is People Another, bank failure Friday bringing us to 130 this year. Amtrust , which had 12 million in assets and 12 million in deposits hits a bit closer to home, ...
    2 days ago
  • Bank Failure Friday - 6! Death toll at 130


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 599
    Its Friday night and that means our latest tally of failed banks. This week its quite a haul. 6 banks were seized. They are with their costs to the FDIC: The Buckhead Community Bank of Atlanta, Georgia - $241.4 million First Security National Bank of Norcross, Georgia - $30.1 million The Tattnall Bank of ...
    2 days ago
  • U.S. Bank Failures Rise to 130 This Year With Collapses in Georgia, New York, Chicago and Ohio


    Wall Street PitAuthority Authority: 642
    Regulators closed banks in Georgia, New York, Chicago and Ohio on Friday, pushing U.S. bank failures to 130 this year. Assets of more than $1.4 billion and deposits of nearly $9.4 billion from the six banks were turned over to new lenders at a total cost of $2.384 billion to the FDIC’s deposit...
    2 days ago
  • Bank Failure #130: Greater Atlantic Bank, Reston, Virginia


    Calculated RiskAuthority Authority: 750
    Note: Employment Posts today: Employment Report: 11K Jobs Lost, 10% Unemployment Rate for graphs of unemployment rate and a comparison to previous recessions. Seasonal Retail Hiring, Employment-Population Ratio, Part Time Workers Unemployment: Record number Unemployed over 26 Weeks, Diffusion Index ...
    2 days ago
  • Bank Failure #129: Benchmark Bank, Aurora, Illinois


    Calculated RiskAuthority Authority: 750
    Benchmark sets new high (Is "down" the new "up" today?) Not a wanted prize by Soylent Green is People From the FDIC : MB Financial Bank, National Association, Chicago, Illinois, Assumes All of the Deposits of Benchmark Bank, Aurora, Illinois Benchmark Bank, Aurora, Illinois, was closed today by the Illinois ...
    2 days ago
  • Bank Failures #127 & 128: Down Goes AmTrust


    Calculated RiskAuthority Authority: 750
    Wow, a bright comet... Giant "Amtrust-Rex" looks up. Annihilation Cold Winter bears down Many banks fall like snowflakes No two are alike by Soylent Green is People From the FDIC : HeritageBank of the South, Albany, Georgia, Assumes All of the Deposits of the Tattnall Bank, Reidsville, Georgia The Tattnall ...
    2 days ago
  • Bank Failures #125 & 126: Two more in Georgia


    Calculated RiskAuthority Authority: 750
    New white elephants Gifts to US from Sheila Bair No return receipt. by Soylent Green is People From the FDIC : State Bank and Trust Company, Macon, Georgia, Assumes All of the Deposits of the Buckhead Community Bank, Atlanta, Georgia The Buckhead Community Bank, Atlanta, Georgia, was closed today by the Georgia ...
    2 days ago
  • Wall Street and Housing Neurosis: The Real Cost of California Homeownership. Extreme Foreclosures, Option ARMs, Renting Utility Costs, and Breaking the Financially Twisted Psychology.


    Dr. Housing Bubble BlogAuthority Authority: 549
    The housing bubble psychology in California is still very strong.  I’ve been talking with a few people trying to examine why the housing market, with obviously overpriced values was able to entice many otherwise rational people to take on toxic mortgages like option ARMs and Alt-As .  As we have discussed many ...
    3 days ago
  • Rothschild appointed to help sell Dubai World assets


    Survival News NetworkAuthority Authority: 143
    Bankers from Rothschild have been appointed to help restructure Dubai World with a mandate to dispose of some of the stricken conglomerate’s famous assets.Source/Full Story: TelegraphRelated ItemsNovember 19, 2009 — Société Générale has advised clients to be ready for a possible “global economic collapse” ...
    6 days ago
  • quote of the day


    Total Survivalist Libertarian RantfestAuthority Authority: 142
    "A point we learn from this event and every other banking panic in U.S. history is that crises have always lead to greater centralization." -Ron Paul in End The Fed
    6 days ago
  • Video and post sent in by email:


    The Stark Raving VikingAuthority Authority: 423
    Federal Reserve = Slavery For LIBERTY Abolish the FED! Jake Towne at the Federal Reserve Bank of Philadelphia 11/22/09 END THE FED!!! Jake Townes speech on the Federal Reserve at the Constitution rEVOLution Tea Party event in Philadelphia on 11/22/2009. Towne is an independent candidate for US Congress ...
    1 week ago
  • FDIC Bank Failure Update


    Calculated RiskAuthority Authority: 750
    Note: The FDIC will probably release the Q3 Quarterly Banking Profile next week. The report will show the number of banks on the problem bank list, and the status of the Deposit Insurance Fund (DIF). The FDIC closed another bank on Friday, and that brings the total FDIC bank failures to 124 in 2009. The following ...
    2 weeks ago
  • Bank Failure Friday - Just one this week, toll now 124


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 599
    Who would think good news would mean just one bank failure in Florida. Commerce Bank had assets of $79.7 million and total deposits of about $76.7 million, the FDIC said. The FDIC and Central Bank entered into a loss-share transaction on about $61 million of Commerce Banks assets. The failure is expected to cost ...
    2 weeks ago
  • Commerce Bank of Southwest Florida Fails; 124th of 2009


    Wall Street PitAuthority Authority: 642
    State regulators shuttered Commerce Bank of Southwest Florida in Fort Myers, Fla., Friday night, bringing the number of failures so far this year to 124.To protect the depositors, the FDIC entered into a purchase and assumption agreement with Central Bank, Stillwater, Minnesota, to assume all of...
    2 weeks ago
  • Bank Failure #124 in 2009: Commerce Bank of Southwest Florida, Fort Myers, Florida


    Calculated RiskAuthority Authority: 750
    Turkey on table Carved up by the Central Bank MMMM Commerce Bank, Yum! by Soylent Green is People From the FDIC: Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of Commerce Bank of Southwest Florida, Fort Myers, Florida Commerce Bank of Southwest Florida, Fort Myers, Florida, was closed today by ...
    2 weeks ago
  • More Poems For Disaster


    Pittsburgh Arts - Digging PittAuthority Authority: 126
    Another Friday and more bank failures, (some big ones last week too)fortunately, our poet master at Calculated Risk has their juices flowing. Combined losses for just the three banks closed yesterday, may be 1 Billion to the FDIC fund. Remember when that was a lot of money? Suited Bureaucrats Waiting for ...
    3 weeks ago
  • Bank Failure Toll Reaches 123


    Wall Street PitAuthority Authority: 642
    The Federal Deposit Insurance Corporation [FDIC] closed banks in California and Louisiana on Friday, pushing U.S. bank failures to 123 this year amid continuing fallout from the worst economic crisis since the Great Depression.- On Friday regulators closed Century Bank, FSB of Sarasota, Florida....
    3 weeks ago
  • Bank Failure Friday - 3 more, toll now 123


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 599
    Yippee! Yea, its.....Bank Failure Friday. Oops, I guess thats nothing to cheer about, our weekly news report of the latest banking demise. Lets get to it. Orion Bank Fails . Naples, Fla.-based Orion Bank, which had $2.7 billion in assets as of last month, was closed by regulators Friday -- one of a trio of ...
    3 weeks ago
  • Bank failure toll reaches 123 (FDIC Friday)


    StupidicaAuthority Authority: 177
    Regulators close two Florida banks and on in California, costing the FDIC $986.4 million. NEW YORK (CNNMoney.com) -- Two Florida banks and one in California failed Friday night, bring the 2009 national tally to 123. Regulators closed Century Bank, Federal Savings Bank in Sarasota, Fla., Orion Bank in Naples, Fla., and ...
    3 weeks ago

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