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Banking Industry Profits Decline On Plunge in Mortgage Demand
The banking industry has made a dramatic recovery since the depths of the financial crisis when many of the country’s biggest banks survived only after receiving trillions of dollars in government...
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FDIC Reveals That Over 400 Banks Remain on the Problem Bank List
The recently released Quarterly Banking Profile from the FDIC reveals that over 400 banks remain on the Problem Bank List more than six years after the start of the biggest banking crisis since the...
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Slavie Federal Savings Bank, MD, Closed by Regulators, Ninth Bank Failure of...
Slavie Federal Savings Bank, Bel Air, Maryland, became the ninth banking failure of 2014 as the Office of the Comptroller of the Currency closed the insolvent bank. The FDIC, appointed as receiver,...
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FDIC Directs Two Illinois Banks To Immediately Raise More Capital – Illinois...
The FDIC issued a list of 31 administrative enforcement actions taken against banks and individuals during April 2014. The enforcement actions include the following: 2 consent orders 2 prompt...
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Valley Bank, Moline, IL, Closed by Regulators, Tenth and Largest Bank Failure...
The Illinois Department of Financial and Professional Regulation closed the Valley Bank, Moline, Illinois, and appointed the FDIC as receiver. To protect depositors, the FDIC sold the failed bank to...
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Valley Bank, Fort Lauderdale, FL, Closed by Regulators, 11th Banking Failure...
Valley Bank of Fort Lauderdale, Florida, was one of two banks shuttered by regulators today. The other banking failure was Valley Bank, Moline, Illinois. Both failed banks were owned by the same...
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The Freedom State Bank, Freedom, OK, Closed by Regulators
Most people would probably assume that a bank that can stay in business for almost one hundred years would be The Rock of Gibraltar from a financial standpoint. This was not the case today as state...
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FDIC Issues Enforcement Actions to Three Problem Banks
The FDIC took enforcement actions against 39 banks in May, up from 31 during the previous month. The 39 orders issued by the FDIC in May 2014 included two consent orders, one prompt corrective action...
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Would Bank Living Wills/Resolution Plans Actually Help Resolve the Next...
The public portions of the annual resolution plans or living wills of 17 large financial institutions were jointly released by the FDIC and the Federal Reserve Board today. The resolution plans...
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Eastside Commercial Bank, Conyers, GA, Becomes 13th Bank Failure of 2014
Georgia state regulators closed the Eastside Commercial Bank, Conyers, Georgia, and appointed the FDIC as receiver. In order to protect depositors, the FDIC sold Eastside Commercial Bank to Community...
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GreenChoice Bank, fsb, Chicago, IL, Closed by Regulators
GreenChoice Bank, fsb, Chicago, Illinois, a small community bank, was closed today by the Office of the Comptroller. The FDIC, appointed as receiver, sold the failed bank to Providence Bank, LLC,...
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Five Years After the Banking Crisis, Hundreds of Problem Banks Still Struggle
While many banks have completely recovered from the banking and financial crises of over six years ago, the number of banks classified as “Problem Banks” by the FDIC has remained stubbornly high. A...
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Whatever Happened to Money Market Fund Rates? The New World of Zero Return...
Here’s an interesting tidbit from Merrill Lynch on the various money market funds that investors can sweep excess cash into. The yields are enough to bring retired investors trying to live off of...
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Home Equity Loans – Why Banks and Borrowers Both Love Them
With interest rates at all time lows why wouldn’t banks love handing out home equity lines of credit (HELOC)? Since HELOCs are all written as adjustable rate second mortgages any increase in interest...
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Bank Failures Fall to Seven Year Low
During the financial crisis the number of banking failures swelled to a peak failure year during 2010 when a total of 157 banking institutions failed. The number of bank failures has declined every...
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What Is the Average Rate on a Bank Credit Card?
Credit cards have become an absolute necessity for most people despite the high rates charged on revolving loan balances. Whether traveling anywhere in the world or just buying a cup of coffee at...
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How Much Risk Are Banks Taking With Credit Card Lending?
Savers aren’t the only ones being hurt by the Federal Reserve’s suppression of interest rates. The Fed’s zero interest rate policy has been a factor in the decline of banks’ net interest margins to a...
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NBRS Financial, Rising Sun, MD, Becomes 15th Bank Failure of 2014
The Maryland Office of the Commissioner of Financial Regulation closed today NBRS Financial, Rising Sun, Maryland, and appointed the FDIC as receiver. The FDIC in turn sold the failed bank to Howard...
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Hedge Fund Makes Huge Bet On Flagstar Bancorp
Would you invest almost all of your money in Flagstar Bancorp? Managing investment risk through diversification is often cited as one of the most important rules for successful investment. The future...
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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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