Three more banks failed on Friday, bringing the year’s total to 133. The FDIC estimates Friday’s failures will cost its insurance … more…
After a brief holiday respite, bank failure Friday came back with a vengeance yesterday. The FDIC and its fellow regulators closed … more…
Despite a problem bank list brimming with about 400 institutions, the FDIC shuttered only one bank on Friday. The agency does not … more…
Regulators seized three banks yesterday, bringing the toll of failed banks for the year to 123. As always, we’ve updated our list … more…
San Francisco-based United Commercial Bank has become the first recipient of TARP bailout money to be shut down by the FDIC. Last … more…
CIT filed for bankruptcy protection on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion … more…
On the one hand, yesterday was just another Friday. Nine more banks failed, bringing the year’s toll to 115. As always, our big … more…
The Office of Thrift Supervision was the first regulator to break the news of the 100th bank failure for the year. Yesterday, … more…
The FDIC shuttered California’s San Joaquin Bank on Friday, putting the total number of bank failures for the year at 99. (See … more…
Three bank failures on Friday brought the total number of FDIC-insured institutions that have failed this year to 98. The … more…
On Friday, the FDIC announced the failure of Atlanta’s Georgian Bank. It’s the 95th failure for the year and the 19th in Georgia. … more…
The FDIC assumed control of two more banks on Friday bringing the total number of bank failures for the year to 94. The banks were … more…
Speculation that Chicago-based Corus Bank would fail dates to at least last February. Yesterday the FDIC and the bank’s primary … more…
Sept. 8: This post has been corrected.
Five banks failed Friday, bringing this year’s total to 89.
Here is our complete list of … more…
Three banks failed Friday, bringing this year’s total to 84.
You can see our complete list of those failed banks here.
The three … more…
Four banks failed Friday, bringing the total for the year to 81. The largest by far was Guaranty Bank. With assets of $13 billion, … more…
The Federal Deposit Insurance Corp. shuttered five banks on Friday, bringing the total number of failures for the year to 77. The … more…
Three more banks failed Friday, bringing the total for the year to 72. Two of the casualties were in Florida, and the third was in … more…
Five banks failed on Friday, pushing the total number of failures for the year to 69. Together the five failures cost the FDIC … more…
What’s the sound of one bank holding company failing in Georgia? Apparently, it’s six subsidiaries hitting the ground. The FDIC … more…