News tagged with “fdic”. Found:
68 tagged news reports.
Your Search Returned 68 tagged news reports
No of failed US banks touches 124
Jacksonville :: FL :: USA | about 20 hours ago
Credibility
In one of the biggest bank failures in the US this year, the Florida-based Commerce Bank went belly up last week, taking the total number of US bank collapses to a hefty 124 so far this year...As on August 28, the failed bank had assets worth USD 79.7...
Tags: FDIC, commerce banks, Jacksonville, Deposit insurance, Bank, Depositors Insurance Fund, Corus Bankshares, Banking, Federal Deposit Insurance Corporation, Bank failure, Business Finance
US regional banks grow on the cheap amid crisis
Plymouth :: IL :: USA | about 23 hours ago
Credibility Quite often, he added, it's a "very, very good deal for the surviving bank" that gets assets at a discount. More than 120 banks went belly-up this year in the United States, the highest bankruptcy rate since the savings and loan crisis of 1992. The current...
Tags: FDIC, Ameris Bank, million dollars, region banks, commercial banks, Plymouth, Bank of America, Federal Reserve System, National City Corp., Wells Fargo, Savings and loan crisis, Subprime mortgage crisis, Federal Deposit Insurance Corporation, Wachovia, Business Finance
Private Equity Eyes Community Banks
New York :: NY :: USA | 2 days ago
Credibility Government regulators and financial professionals appear to be coming to a realization that one possible way to save struggling banks is to turn to private equity firms, which not only have the financial knowledge but also the cash, to invest in the distressed...
Tags: FDIC, community banks, equity firms, troubled banks, pe firms, Joshua Siegel, New York, Corporate finance, Federal Deposit Insurance Corporation, Bank, GMAC, Financial institution, Private equity, Finance, the United States, Business Finance
Innovative Bank sees losses grow
Oakland :: CA :: USA | 4 days ago
Credibility Innovative Bank has lost money for five consecutive quarters. During that stretch, the bank's cumulative losses topped $13 million. Oakland-based Innovative's four branches consist of two in Oakland, one in Santa Clara and one in Los Angeles. "The factors...
Tags: Don Kalkofen, innovative banks, Font Resize Innovative Bank, small businesses, PST Innovative Bank, FDIC, Oakland, Kalkofen, Federal Deposit Insurance Corporation, Bank, Small Business Administration, Business Finance
Bank debacle sends FDIC real-estate sales to highest level since 1994
Denver :: CO :: USA | 4 days ago
Credibility Federal Deposit Insurance Corp. real-estate sales this year are the highest since 1994 as the regulator takes over properties held by failed lenders...The agency sold 1,706 properties, according to its website, the highest number since 2,045 in 1996.
Tags: FDIC, estate sales, fdic real, Denver, Federal Deposit Insurance Corporation, Business Finance
America's Newest Land Baron: FDIC
Birmingham :: AL :: USA | 6 days ago
Credibility In the process, it has seized more than 5,000 houses, subdivisions, buildings, parcels and other foreclosed assets. The current backlog of property stuck on the agency's books, with an appraised value of $1.8 billion, ranges from an $18,700 clapboard...
Tags: FDIC, Alpha Bank & Trust, Dresden Heights, alpha banks, Mr. Jordan, Atlanta, Mr. Chung, Mr. Salahat, Mr. Livnat, Ms. Jeffries, Birmingham, Business Finance, Federal Deposit Insurance Corporation, ING Group
Ally tactics test banking world
Baghdad :: Iraq | 7 days ago
Credibility Here are a few other companies that have changed their names to shed old identities: Accenture , formerly Arthur Anderson . The accounting and consulting firm changed its name after being convicted of obstruction of justice for shredding of documents...
Tags: GMAC Financial Services, GMAC Bank, Ally Bank, FDIC, ally banks, Wayne Abernathy, American Bankers Association, Iraq, Baghdad, Bank, Financial services, Cerberus Capital Management, GMAC, Financial institutions, Federal Deposit Insurance Corporation, Business Finance
Prosperan purchase is model of successful bank failure
Oakdale :: MN :: USA | 7 days ago
Credibility On a Friday afternoon nine days ago, David Latta paced the lobby of the Best Western hotel in Oakdale, waiting for a telephone call from a federal official just two blocks away. When the call finally came at 6:10 p.m., Latta walked straight to a bank...
Tags: FDIC, Alerus, Prosperan Bank of Oakdale, David Latta, banks failures, Randy Newman, real estate, commercial real, Oakdale, Washington Mutual, Savings and loan association, Bank, Alerus Financial, GMAC, Financial institutions, Federal Deposit Insurance Corporation, IndyMac Federal Bank, Business Finance
Door opens to U.S. bank acquistions
Madrid :: Spain | 9 days ago
Credibility L ook for the pace of U.S. bank closures to pick up after U.S. regulators boosted their bailout fund by $45-billion on Thursday, a move that may mean Canadian banks go bargain shopping. American banks prepay what they owe to government-regulated industry...
Tags: U.S, FDIC, Spain, Madrid, Deposit insurance, Toronto-Dominion Bank, Depositors Insurance Fund, Federal Deposit Insurance Reform Act, Banking, Federal Deposit Insurance Corporation, Bank failure, Business Finance
Organizers scrap plans to open the Bank of Palos Verdes
Palos Verdes Estates :: CA :: USA | 9 days ago
Credibility The bank organizers announced their decision Thursday after concluding that the tightened government approval process for new banks made their effort untenable. The organizers now hope instead to purchase a bank. "When so many banks are not able or willing...
Tags: John R. Polen, FDIC, Malaga Bank, David Haithcock, Bank of Palos Verdes, malaga banks, banks organize, Palos Verdes Estates, Bank, Rancho Palos Verdes California, Financial institutions, Federal Deposit Insurance Corporation, Palos Verdes, Business Finance
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