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FDIC Fund In The Negative

Wed, 25 Nov 2009 18:13:20 GMT

In its quarterly report on the banks, issued on Tuesday, the Federal Deposit Insurance Corporation (FDIC) said that the deposit insurance fund used to protect customer accounts dropped by $18.6 billion during the third quarter of 2009 to a deficit of $8.2 billion, while banks earned only $2.8 billion as loan defaults continued to hurt bank balance sheets. The agency said that the decline in the insurance fund was due primarily to an additional $21.7 billion set aside by the FDIC during the quarter for additional bank failures.[More...]

Seven 5-Star Stocks From Berkshire's Latest Portfolio

Mon, 23 Nov 2009 17:31:39 GMT

Burlington Northern was just one of several purchases Berkshire has made lately.[More...]

U.S. Bank Failures Hit 124

Mon, 23 Nov 2009 13:34:08 GMT

U.S. regulators on Friday closed down Commerce Bank of Southwest Florida. Though there are some early signs of economic recovery, bank failures go on growing with rising loan defaults. This takes the total number of bank failures to 124, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily on banks with a stream of loan defaults.[More...]

Bank Failures Rise To 123

Mon, 16 Nov 2009 13:19:15 GMT

Regulators shut down 2 banks in Florida and 1 in California; U.S. bank failures reach 123 this year. U.S. regulators on Friday shuttered two more banks in Florida and one in California. Though there are some early signs of economic recovery, bank failures continue unabated. This takes the total number of bank failures to 123, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily on banks with a stream of loan defaults. As the industry has to tolerate bad loans that were made during the credit explosion, the trouble in the banking system goes even deeper, increasing the possibility of more bank failures. However, the regulators are trying to avoid panic by seizing banks slowly. Also, the slow seizing could be a strategy as it is hard to get buyers for so many failed banks. The failed banks were -- Century Bank,[More...]

Bank Failures Pass 100 For The Year

Mon, 26 Oct 2009 13:20:17 GMT

Regulators shut down 7 more banks in FL, WI, GA, MN and IL; total failed banks in '09 reach 106 Though there are some early signs of economic recovery, bank failures continue and the pace has picked up sharply this year. With the failure of 7 more banks on Friday, the tally has surpassed 100 this year. This takes the total number to 106, compared to 25 in 2008 and 3 in 2007.[More...]

94 Bank Failures So Far In `09

Tue, 22 Sep 2009 13:20:58 GMT

Regulators shut down 2 more banks in Kentucky and Indiana; tally hits 94 this year U.S. regulators on Friday shuttered two more banks in Kentucky and Indiana as the recession continues to weigh heavily on banks. Both of the failed banks were run by Columbus, Indiana-based Irwin Financial Corporation. This takes the total number of failed federally insured banks this year to 94, compared to 25 in 2008 and 3 in 2007.[More...]

5 More Banks Fail - 89 In '09 To Date

Tue, 08 Sep 2009 14:01:14 GMT

Three more banks and two thrifts in U.S. fail, tally reaches 89 this year The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered five more institutions in Missouri, Illinois, Iowa and Arizona. This takes the total number of failed federally insured banks this year to 89, compared to 25 in 2008 and 3 in 2007.[More...]

Should You Avoid Investing In Banks Now?

Thu, 03 Sep 2009 16:52:15 GMT

While the Federal Deposit Insurance Corporation is busy taking over troubled banks, prudent investors can position themselves appropriately to profit from bank stocks. Learn more on bank mutual funds, bank ETFs, and best bank stocks to buy now.[More...]

Bank Failures Continue

Mon, 31 Aug 2009 14:09:00 GMT

Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to 25 in 2008 and 3 in 2007. The failed banks were Ventura, California-based Affinity Bank, with about $1 billion in assets and $922 million in deposits; Baltimore-based Bradford Bank, with $452 million in assets and $383 million in deposits; and Forest Lake, Minnesota-based Mainstreet Bank, with $459 million in assets and $434 million in deposits.[More...]

Bloomberg’s Weil: Banks Accounting Is Troubling

Thu, 13 Aug 2009 22:43:50 GMT

In an commentary piece on Bloomberg.com called Next Bubble to Burst Is Banks’ Big Loan Values, Johnathan Weil exposes some distressing nuggets of information that are buried in the footnotes of banks’ quarterly reports. We encourage every investor to read the entire commentary, but a key portion is reprinted below. “It’s amazing what a little sunshine can accomplish. Check out the footnotes to Regions Financial Corp.’s latest quarterly report, and you’ll see a remarkable disclosure. There, in an easy-to-read chart, the company divulged that the loans on its books as of June 30 were worth $22.8 billion less than what its balance sheet said. The Birmingham,[More...]

Ga. banks expect more scrutiny of pay, perks

Sun, 29 Nov 2009 18:47:00 GMT

Nov. 29--One banker's nearly $600,000 pay included perks such as 40 hours of free use of a company jet.
What do these bankers have in common?
But it's unclear whether the executives at Omni Financial Services in Atlanta, Integrity Bank in Alpharetta and Security Bank in Macon — if the banks existed today — would still be collecting the same perks, commissions and severance payments under new pay guidelines the Federal Reserve is considering.

: iStockAnalyst.com Symbols Feed

FDIC Fund In The Negative

Seven 5-Star Stocks From Berkshire's Latest Portfolio

U.S. Bank Failures Hit 124

Bank Failures Rise To 123

Bank Failures Pass 100 For The Year

94 Bank Failures So Far In `09

5 More Banks Fail - 89 In '09 To Date

Should You Avoid Investing In Banks Now?

Bank Failures Continue

Bloomberg’s Weil: Banks Accounting Is Troubling

Ga. banks expect more scrutiny of pay, perks

Top Ga. companies doing well despite economy

Westway Group, Inc. Announces $175 Million Credit Facility

CBandT maintains iron grip on local banking market: But competition heating up with Wells Fargo and BBandT entering the city

White-collar jobless prevalent in Richmond area

SunTrust Bank opens new lobby at downtown office

El Dorado County approves gas-to-electricity project

Raleigh bank robbers plead guilty

Raleigh bank robbers plead guilty

Google launches 'business stimulus package' for SMEs

eBillme Launches Affinity and Revenue Sharing Program for eCommerce

Washington Trust Announces Third Quarter 2009 Earnings

Arch Chemicals Enters into New Accounts Receivable Securitization Facility

BankUnited Names Nicholas G. Bustle SEVP of Commercial Banking

Nick Stonestreet Joins Regions Bank to Lead Private Banking Division

SunTrust Declares Quarterly Dividend

Solid Index Findings: Despite the Costs, Americans Looking to Continued Education As a Way to Achieve a Solid Future ; The Recession Has Caused Some to Reevaluate Education and Retirement Options

Solid Index Findings: Despite the Costs, Americans Looking to Continued Education as a Way to Achieve a Solid Future

SunTrust Reports Second Quarter Results ; Company Managing From Position of Enhanced Strength While Looking to Post-Cycle Growth

SunTrust Reports Second Quarter Results

Form 4 SUNTRUST BANKS INC For: Nov 25 Filed by: Panther Thomas E (10K)

Form 4 SUNTRUST BANKS INC For: Nov 12 Filed by: IVESTER M DOUGLAS (10K)

Form 4 SUNTRUST BANKS INC For: Nov 10 Filed by: PRINCE LARRY L (10K)

Form 4 SUNTRUST BANKS INC For: Nov 10 Filed by: IVESTER M DOUGLAS (10K)

Form 4 IVESTER M DOUGLAS For: Nov 03 (10K)

Form 4 SUNTRUST BANKS INC For: Oct 20 Filed by: IVESTER M DOUGLAS (10K)

Form 4 SUNTRUST BANKS INC For: Oct 13 Filed by: PRINCE LARRY L (10K)

Form 4 SUNTRUST BANKS INC For: Sep 18 Filed by: PRINCE LARRY L (10K)

Form 4 SUNTRUST BANKS INC For: Sep 16 Filed by: PRINCE LARRY L (10K)

Form 4 IVESTER M DOUGLAS For: Sep 16 (10K)