FDIC Fund Is Negative For 2nd Time In History
For the second time in history the FDIC fund has a negative amount of funding. It is getting so bad that the FDIC is asking banks to cough up much of what is needed to bring it back to even. The FDIC does not see the fund getting to even any time soon. Analysts predict that the FDIC will not be in good shape until after 2012.
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US bank failures top 100 for year
The number of US bank failures this year has topped more than 100 after US federal regulators shut down a trio of small Florida banks. Bank failures have cost the Federal Deposit Insurance Corporation (FDIC) fund that insures deposits an estimated $25bn this year. More US banks have now failed this year than in any year since 1992. The ...
about 1 month ago
News Stories
- News Source: Uinta County News | 2 months agoThe bank failed because of significant losses within its construction and land-development loan portfolio, which grew rapidly from 2004 through 2006, largely due to 400-percent growth in construction loans. In 2005, the bank owner’s son became...
- News Source: The Motley Fool | 2 months agoWith $10.4 billion backing $4.8 trillion in assets at the end of June, the agency is, as a doctor might put it, not compatible with life...The agency has several possibilities to refill its coffers relatively quickly...This is politically thorny,...
- News Source: The Day | 2 months agoAcknowledging that they had greatly underestimated the problems plaguing the nation's banks, federal officials on Tuesday proposed a $45 billion plan financed by the industry to rescue the ailing insurance fund that protects bank depositors. They...
- News Source: San Diego Union-Tribune | 2 months agoThis feature lets you search our site for stories with related terms. Just click on one of the related terms atop a news story and you'll get a page listing all the stories featuring that term...September 30, 2009 The Federal Deposit Insurance Corp.'...
- News Source: The News Tribune | 2 months agoRegulators expect the cost of bank failures to grow to about $100 billion over the next four years – up from an earlier estimate of $70 billion. Faced with that sobering news, they voted Tuesday to require banks to prepay $45 billion in premiums to...
- News Source: Uinta County News | 2 months agoNew Jersey bankers expect to grin and bear another request for cash from the Federal Deposit Insurance Corp. to keep the reserve fund that protects depositors afloat. Tuesday to save the fund was not the worst of the rescue plans being considered.
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- Blog Source: hotair.comWithout additional special fees or increases in regular premiums, the insurance fund — at $10.4 billion at the end of June — will become “significantly negative” next year and could remain in deficit until 2013, the FDIC is now projecting. ...
- Blog Source: dealbook.blogs.nytimes.comThe plan requires the banking industry “to step up” while spreading the financial hit to banks over a number of years, she added. Other options for the F.D.I.C. include tapping its $500 billion emergency credit line with the Treasury ...
- Blog Source: investment-blog.net(Remember that these numbers do not include any commercial real estate losses and we have found that banks are frequently over-stating their claimed values for these loans by 50% or more - as was seen with Colonial.) It gets better. The FDIC has a
- Blog Source: krugman.blogs.nytimes.comOr any opinion on FDIC's scheme of remedying a negative DIF fund balance by having banks prepay 3 years of fees? The FDIC is insolvent, so the banks it is supposed to be insuring are now bailing it out… this money is given to the FDIC to be ...
- Blog Source: www.ritholtz.comIn fact, my sources tell me that the banking industry is supporting a proposal at FDIC to prepay DIF assessments for several years in order to raise cash and reduce the need for borrowing from the UST. Now that is a story worthy of Jon Weil's time
- Blog Source: monetaryfreedom-billwoolsey.blogspot.comSumner asked those commenting on his essay on Cato Unbound to discuss his proposal for imposing penalties on banks for holding on excess reserves. Hummel responded negatively to negative interest rates. .... It is other banks, ending up with those
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Image Source: www.marketoracle.co.uk... the FDIC (Figure 1) we see ...Image Source: www.marketoracle.co.uk... the FDIC (Figure 1) we see that ... -
Image Source: 1.bp.blogspot.com... from 8560 FDIC-insured ...Image Source: 1.bp.blogspot.com... from 8560 FDIC-insured banks, ... -
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Image Source: 4.bp.blogspot.com... in your bank account, the ...Image Source: 4.bp.blogspot.com... in your bank account, the FDIC ... -
Image Source: www.mybudget360.com -
Image Source: www.maliaspencer.net
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- Video Source: www.truveo.comEconomic Expectations - Bank ...Video Source: www.truveo.comEconomic Expectations - Bank Profitability Will Gain Strength in 2010
- Video Source: youtube.comNewstopia explains the Reserve ...Video Source: youtube.comUPDATE 2009-01-13: 50000 views! Thanks to everyone for their contributions. ...
- Video Source: www.truveo.com
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