Entries tagged "FDIC"

Three more banks fail, bringing total to 123

Three more banks failed this weekend, bringing the grand total of bank failures this year to 123. It's likely that bank failures could reach 150 by the end of the year.

Gordian Group's Kaufman on CIT's reorganization

Gordian Group's Peter Kaufman says its unclear if regulators will approve CIT Group's prepackaged bankruptcy reorganization plan, which includes transferring its core businesses to CIT Bank.

FDIC seized 'healthy' banks

Critics of the FDIC such as Sen. Chris Dodd may have new ammunition against the regulator as some of the 120 banks that failed this year were deemed 'healthy,' possibly as recently as 2008.

Bove foreshadowed 3 big bank failures

A year after analyst Richard Bove identified 24 troubled banks, he may be vindicated by the facts that seven of the 24 have failed, and 15 of the remaining have watched their share prices decline.

WaMu, bank runs, zombies and Bair

The story of Washington Mutual is a horror story for bank executives and one that just won't die.

What the government's done for Goldman lately

How has the government helped Goldman Sachs Group Inc. (NYSE:GS)? Joe Nocera at the New York Times counts the ways.

Bank failures hit 106

The Federal Deposit Insurance Corp. closed 7 banks Friday, bringing the total number of failed banks this year to 106.

Who loves ya Pandit? Hint: It's not Bair

Perhaps the most surprised by Vikram Pandit's positive marks is Sheila Bair, who, according to a report by The Wall Street Journal, is questioning the validity of the review.

Nationalization, resolution and TBTF

Felix Salmon has sparked a renewed discussion among the blogs with his recantation of his position from last year that the government should have nationalized the banks.

Why Citigroup's Pandit could get booted next

Now that Bank of America CEO Ken Lewis is fading out of the picture, it is looking even more likely that Citigroup CEO Vikram Pandit may get the hook.

The junk, and treasures, of bank failures

With the Federal Deposit Insurance Corp. taking over so many banks -- Georgian Bank on Sept. 25 became the 95th to fail this year -- the agency has many assets to dispose of.

FDIC plan could net $45B

A plan to speed the FDIC's assessment relies on favorable accounting to protect bank balance sheets.

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