Financial crisis
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.
Is the FDIC Doing All That It Can to Save Banks?
This past week the total number of failed banks in 2009 hit 115, with 9 banks failing in a single day on Friday.
CIT Files for Bankruptcy, 5th Largest In US History
The 2009 financial crisis has struck again, this time at CIT Group, one of the largest US lenders for small and medium businesses.
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
So it seems we were unable to make it through October without a big hit to the banking industry.
Treasury Secretary Geithner Expects More TARP Repayments Coming
As far as the federal government is concerned, propping up the country's big banks deemed "too big to fail" during the height of the financial crisis was a step in the right direction, one that has averted a more severe economic disaster
Should The US Break Up Mega Banks Like Bank of America and Citibank?
The solution to the problem of "too-big-to-fail" could be as simple as making big banks smaller, says former Federal Reserve Chairman Paul Volcker.
Government Program Offers Incentive for Mortgage Loan Modification
If your lender is given the option to modify your mortgage loan or foreclose, what will they choose to do? This is a question facing the millions of American families who have fallen behind on their loan payments
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
From her powerful position as Chairman of the FDIC, Sheila C. Bair benefits from superior inside knowledge and a wide-angled view of the world of US banking. She is also a person with strong views on the future direction she hopes this sector will follow.
“Economic Recovery Will Be Moderate,” Says Vice Chairman of Federal Reserve
Donald L. Kohn, the Vice Chairman of the Board of Governors of the Federal Reserve System, gave a speech yesterday in which he said the economy appears to be recovering, but will most likely do so gradually.
More Bank Failures May Be on Florida’s Horizon
Bank examiners are keeping a close eye on Florida banks this week, as the number of institutions seen as being dangerously close to insolvency grows.
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Citibank Credit Card Interest Skyrockets In Anticipation of Federal Regulation
Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
ING Direct Black Friday Special: Save ‘Til You Drop
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
