Entries tagged "regional banks"
Large Wall Street banks are seeing their complex debt assets more heavily weighted than the loans of the regional banks.
So far 16 banks have failed this year. That's is scary, but what's even more frightening is Chairman Sheila Bair's concerns that the fund could dry up as bank failures increase.
Citigroup Inc. has apparently been in talks to make an acquisition of a U.S. regional bank and could make the purchase this month, even though its third-quarter results caused analysts to doubt that the bank could afford to make the purchase. So which regional banks could Citi be in secret talks with? ...
After getting the largest banks on board, Treasury Secretary Henry Paulson is reportedly prepping plans for the government to buy stakes in large regional banks as well. The announcement of the plan by Paulson could happen as soon as Friday, an unnamed source told Bloomberg....
