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2011 Failed Banks Thread
Re: 2011 Failed Banks Thread
by eXpat » Sat 19 Feb 2011, 13:29:40
$this->bbcode_second_pass_quote('jdmartin', 'F')orgot San Luis Trust...three not-too-small banks and one smaller one.
Thanks jd, you are right, that makes 4 yesterday and 11 this month so far, which is the total of banks that went down last month, so this one can easily surpass Jan.
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“You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
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Re: 2011 Failed Banks Thread
by bratticus » Wed 23 Feb 2011, 20:07:49
$this->bbcode_second_pass_quote('', '[')b]Troubled banks rise to highest level in 18 years
By MARCY GORDON / AP Business Writer / Bismark Tribune Online / Feb 23, 2011
WASHINGTON (AP) -- The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final three months of 2010, the highest level in 18 years.
The Federal Deposit Insurance Corp said Wednesday that the number of banks on its confidential "problem" list rose to 884 in the October-December quarter, up from 860 in the previous quarter. Those are banks rated by examiners as having very low capital cushions against risk.
By MARCY GORDON / AP Business Writer / Bismark Tribune Online / Feb 23, 2011
WASHINGTON (AP) -- The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final three months of 2010, the highest level in 18 years.
The Federal Deposit Insurance Corp said Wednesday that the number of banks on its confidential "problem" list rose to 884 in the October-December quarter, up from 860 in the previous quarter. Those are banks rated by examiners as having very low capital cushions against risk.
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Re: 2011 Failed Banks Thread
by the48thronin » Wed 23 Feb 2011, 22:17:32
Anyone notice waht s happening in KOREA?
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Re: 2011 Failed Banks Thread
by jdmartin » Wed 23 Feb 2011, 22:42:50
Hadn't noticed anything in Korea...what's the story? Though this thread might be the wrong spot, but we got 2 days till Friday 
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Re: 2011 Failed Banks Thread
by the48thronin » Wed 23 Feb 2011, 23:51:22
$this->bbcode_second_pass_quote('jdmartin', 'H')adn't noticed anything in Korea...what's the story? Though this thread might be the wrong spot, but we got 2 days till Friday
http://peakoil.com/forums/bank-runs-in-south-korea-t60909.html
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Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
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Re: 2011 Failed Banks Thread
by eXpat » Fri 25 Feb 2011, 21:16:48
Just one today, and we have surpassed last month with 12 failures for February.
Valley Community Bank
$this->bbcode_second_pass_quote('', 'F')eb 25 (Reuters) - Regulators closed one bank in the U.S. on Friday, bringing to 23 the total number of bank failures in 2011.
In 2010 157 banks failed following 140 failures in 2009.
The bulk of the failures increasingly have been been smaller institutions, those with less than $1 billion in assets, as large banks have recovered more quickly from the 2007-2009 financial crisis.
The FDIC announced the closure on Friday of Valley Community Bank, St. Charles, Illinois, which had about $123.8 million in assets and $124.2 million in deposits as of December 31. First State Bank, Mendota, Illinois will assume the deposits and has agreed to purchase essentially all of the assets.
Banks that failed in 2010 had total assets of $92 billion, compared with $169.7 billion the previous year.
FDIC Chairman Sheila Bair has said the agency expects the number of failures to drop in 2011.
In the FDIC's most recent quarterly report, released on Feb. 23, the agency said the number of banks on the "problem list" grew to 884 from 860.
Valley Community Bank
$this->bbcode_second_pass_quote('', 'F')eb 25 (Reuters) - Regulators closed one bank in the U.S. on Friday, bringing to 23 the total number of bank failures in 2011.
In 2010 157 banks failed following 140 failures in 2009.
The bulk of the failures increasingly have been been smaller institutions, those with less than $1 billion in assets, as large banks have recovered more quickly from the 2007-2009 financial crisis.
The FDIC announced the closure on Friday of Valley Community Bank, St. Charles, Illinois, which had about $123.8 million in assets and $124.2 million in deposits as of December 31. First State Bank, Mendota, Illinois will assume the deposits and has agreed to purchase essentially all of the assets.
Banks that failed in 2010 had total assets of $92 billion, compared with $169.7 billion the previous year.
FDIC Chairman Sheila Bair has said the agency expects the number of failures to drop in 2011.
In the FDIC's most recent quarterly report, released on Feb. 23, the agency said the number of banks on the "problem list" grew to 884 from 860.
http://www.reuters.com/article/2011/02/25/usa-banks-failures-idUSN2514750320110225
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“You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
George Bernard Shaw
“You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
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