FDIC-Cease and Desist Orders-Whose NEXT ?$?-It’s Friday Afterall!
Written on 13 Nov, 2009 at 7:29 in ECONOMIC NEWS | viewed 492 times | 2 Comments
First, there is a general meaning for Cease and Desist- general: order by a court or government agency to end an unfair or unlawful practice-Then remember, these bank closures (FR NITE FLIGHTS) get these warnings in one form or another... (Continue reading)
(5) Fr Nite BankFlights #116-120 United Commercial of CA $1.4Billion cost to FDIC
Written on 6 Nov, 2009 at 18:44 in ECONOMIC NEWS | viewed 98 times | 0 Comments
Updated Post: #116-The FDIC got this one posted early~United Security Bank, Sparta, Georgia, was closed today by the Georgia Department of Banking and Finance, and appointed the Federal Deposit Insurance Corporation FDIC as receiver. As of September 2009 United Security Bank had total... (Continue reading)
9 Friday Nite Bank Flights-Hallows Eve Brings U.S. Total Failures to 115
Written on 31 Oct, 2009 at 7:02 in ECONOMIC NEWS | viewed 117 times | 0 Comments
Needless to say the FDIC was a tad busy before Hallows Eve staked out in 4 states for the haunting of the most closures in a single day of 2009 (no wonder the market was spooky yesterday). U.S. Bancorp gets the grab-bag of... (Continue reading)
1,000 Banks to Fail In Next Two Years: Bank CEO
Written on 28 Aug, 2009 at 6:02 in ECONOMIC NEWS | viewed 110 times | 0 Comments
By: Natalie Erlich Writer/Producer http://www.cnbc.com/id/32581463 The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May. “We’ve already lost 81 this year,” Kanas told CNBC. “The numbers are... (Continue reading)
August 27th.FDIC eases rules for private equity firms to buy failed banks
Written on 27 Aug, 2009 at 5:15 in ECONOMIC NEWS | viewed 105 times | 0 Comments
http://www.latimes.com/busines.....8992.story The insurance fund’s board votes to back down from a proposal that would have required private equity firms to maintain an unusually high capital-to-assets ratio for failed banks they buy. Faced with a rising caseload of failing banks, the Federal Deposit... (Continue reading)
Mon Aug 24~Early Mkt News-(Yikes-For Sale $109 billion of Treasuries)
Written on 24 Aug, 2009 at 7:08 in ECONOMIC NEWS | viewed 204 times | 2 Comments
Let’s start with this FOR SALE===>>The U.S. government plans to sell $109 billion of Treasuries in three days starting tomorrow, matching a record, as President Barack Obama’s administration borrows record amounts of debt to revive the economy. The yield on... (Continue reading)
Thurs Aug 20 - Early News and Hit Li$t Links
Written on 20 Aug, 2009 at 6:09 in ECONOMIC NEWS | viewed 150 times | 0 Comments
Another crazy day yesterday when energy stocks (or WhoEver) pulled the market up and out of that morning slide with sellers disappearing, but still with low volume. How long can this continue is everyone’s guess as all watch the technicals. There continues... (Continue reading)
5 Banks Closed-CNB Colonial BancGroup, Inc becomes Biggest of Year-Next?
Written on 15 Aug, 2009 at 6:51 in ECONOMIC NEWS | viewed 625 times | 1 Comment
Yep, 5 closed yesterday, and many are still looming. So keep those thoughts of monies needed for the future to come from the shrinking piggybank of the Fed’s DIF (Deposit Insurance Fund)!!! One of the most probable for NEXT continues to be... (Continue reading)
Early Tues Hit List- $tocks drop-Metals Fall
Written on 4 Aug, 2009 at 6:22 in ECONOMIC NEWS | viewed 128 times | 0 Comments
Futures are RED, Time for a pause??? Stocks Drop for First Time In Four Days; Metals Fall, Yen Gains http://www.bloomberg.com/apps/.....kLb8dwvhiI FDIC’s Blair Opposes Single Regulator http://www.bloomberg.com/apps/.....1rWAoTESnU New Financial Media Scrum; Bloggers vs TV http://www.ritholtz.com/blog/2.....-bloggers/ UBS Posts Third Consecutive Loss on Costs From Cutting Jobs,... (Continue reading)
Bank Closings 7/31 ( 4 so far this evening)
Written on 31 Jul, 2009 at 19:11 in ECONOMIC NEWS | viewed 230 times | 2 Comments
Info is always available @ the FDIC link…will add as comment if any are added~~ Bank Closing Information - July 31, 2009 These links contain useful information for the customers and vendors of these closed banks. First BankAmericano, Elizabeth, NJ Peoples Community Bank,... (Continue reading)
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