FDIC Says Dodd-Frank Act Ends “Too Big To Fail” Era
September 3, 2010 – FDIC Chairman Sheila Bair, in testimony before the Financial Crisis Inquiry Commission discussed how future systemic risks can be better managed and reduced under provisions of the...
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Washington Mutual – Largest Banking Failure In History Turns Out Well For...
The collapse of Washington Mutual Bank on September 25, 2008 is officially listed as the largest banking failure in history by the FDIC. The collapse of Washington Mutual occurred after nervous...
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157 Bank Failures In 2010 Highest Since 1992 – Why Next Year Will Be Worse
December 31, 2010 – Banking failures for 2010 were at the highest level since 1992 as 157 financial institutions collapsed, the victims of collapsing real estate prices, a weak economy and poor lending...
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Washington Mutual Soars 350% On Bankruptcy Exit Plan
The failure of Washington Mutual Bank on September 28, 2008 was the largest banking failure in U.S. history. After nervous depositors starting withdrawing billions of dollars, regulators feared that a...
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Integra Bank of Indiana Collapses As Regulators Seize Bank
Integra Bank, N.A., Evansville, Indiana, became the nation’s second largest banking failure of 2011 as regulators closed the insolvent bank. The FDIC, appointed as receiver, protected depositors by...
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Who Will Rescue Collapsing European Banks When Banks Are Bigger Than Countries?
The European banking crisis continues to spiral out of control while hapless politicians fail to put together a credible resolution plan. Part of the problem may be that it is difficult to construct a...
View ArticleFDIC Figures Out That Criminals Were Running Failed United Commercial Bank
United Commercial Bank, San Francisco, CA, which was closed by regulators on November 6, 2009, was the fourth largest banking failure of 2009 and resulted in losses to the FDIC Deposit Insurance Fund...
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FDIC To Cover Losses On $75 Trillion Bank of America Derivative Bets
Potential losses on Bank of America’s massive $75 trillion book of risky derivative contracts has just been dumped onto the FDIC by the Federal Reserve. Derivatives, once described by Warren Buffet as...
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List Of 2011 Bank Failures Reveals Interesting Facts
A total of 92 banks failed during 2011, signaling a continuation of the crisis in the banking industry. Although total banking failures during 2011 declined from the previous year, the number remains...
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Ridiculous Divergence Between Bank CEO Pay And Shareholder Returns
The wide divergence between bank CEO compensation and shareholder returns is an embarrassment to the capitalist notion of linkage between performance and pay. Shareholders of banking stocks have seen...
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First National Bank, Edinburg, Texas, Closed By Regulators – Largest Bank...
The biggest banking failure of 2013 occurred today in Texas as regulators closed the First National Bank, Edinburg, Texas, The failed bank becomes the 22nd banking failure of the year and the first...
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Largest Bank Failure of 2014 – The National Republic Bank of Chicago
Illinois has been a tough place for banks this year. A third of all bank failures during 2014 have occurred in Illinois and the collapse of The National Republic Bank of Chicago also gives Illinois...
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Doral Bank Collapses After Years of Financial Losses – Largest Bank Failure...
The largest bank failure since 2010 left the FDIC on the hook for almost $1 billion in losses as the giant $5.9 billion asset Doral Bank, San Juan, Puerto Rico, was closed by bank regulators. Doral...
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Five Billion Dollar Bank Failure – First NBC Bank, New Orleans, Closed by...
A very large bank failure occurred today when state regulators closed First NBC Bank, New Orleans, and appointed the FDIC as receiver. To prevent losses to depositors, the FDIC took a significant hit...
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