Financial crisis
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
A proposal by Rep. Paul E. Kanjorski (D-PA) was voted for 38 to 29 in legislation on Wednesday. It would allow regulators to break up big companies deemed ‘Too Big to Fail’ before their failure becomes imminent.
Three More Banks Fail in Florida and California
Florida continues to be one of the states hardest hit by bank failures this year, with another two banks failing this past Friday, bringing the total banks failed in the state since the beginning of 2009 to 11.
Increased Losses for Fannie Mae in the Third Quarter of 2009
The Federal National Mortgage Association, or Fannie Mae as it is more commonly known, was established as a Federal government agency in 1938 to improve mortgage credit availability.
Senator Dodd’s Proposal for Financial Regulatory Reform
Senator Chris Dodd, chairman of the Senate Banking Committee, has proposed a 1,136-page draft legislation that some see as a radical change to the financial regulatory industry.
Fed Keeps Rates Low Due to Tighter Bank Lending Standards
You may already know that the Federal Reserve decided to keep its benchmark rates at all time lows for a continued period of time.
Georgia is Leading the US in Number of Banks and Bank Failures
It seems as if banks in Georgia just cant seem to stay solvent. This may be turning into a real problem for residents of that state, as many of them could soon have far fewer banking options.
Bank Failures Reach 120 For 2009 As Five More Banks Fail Last Friday
The recent rash of bank failures continues with the FDIC closing five more banks on November 6th, bringing the total number of bank failures in 2009 to 120.
Five Reasons Why the Recession May Not Have Been So Bad
They say the recession is coming to an end, and its about time. Chances are that not one individual or household can say that they will be able to get out of this recession completely unscathed.
FDIC Chairman Sheila Bair Lectures on the The Financial Crisis at Kansas State University
Chairman Bair made remarks on the financial crisis in a speech to students at Kansas State University
States Hit By Foreclosures Could Sue Banks for Consumer Fraud
Banks who refuse to modify bad loans or stop the avalanche or foreclosures that have swept the US in the last few months may have something more substantial than federal regulators to worry about.
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
First Premier Bank Offer Credit Card with 79.9% APR…Wait, What?
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
TD Bank In the Holiday Spirit With Million Dollar Givaway
Visa Mobile Banking App for Android Now Available For U.S. Bank Customers
