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100 banks have failed this year
Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. ...more
October 24, 2009
Lending institution failures already top 2008 numbers
The nation has already seen more bank and mortgage company closings so far this year than it did in all of 2008. ...more
October 9, 2009
FDIC fund falls 20% due to bank losses
WASHINGTON (AP) — The head of the FDIC says there are no immediate plans to borrow money from the Treasury Department to shore up the shrinking deposit insurance fund. ...more
August 27, 2009
Feds Close Omni Bank
A Georgia bank with a branch in Tampa was taken over by regulators Friday, marking the 21st failure this year of a federally insured bank. ...more
March 28, 2009
Regulators Take Over Bank That Has A Branch In Tampa
A Georgia bank with a branch in Tampa was taken over by regulators Friday, marking the 21st failure this year of a federally insured bank. ...more
March 27, 2009
U.S. Banks' Losses Upped $6 Billion
Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billion reported last month. ...more
March 21, 2009
Federal Regulators Shut Down Freedom Bank
WASHINGTON - Regulators on Friday shut down Freedom Bank, a small bank located in Bradenton. It was the 17th failure this year of a federally insured bank. ...more
October 31, 2008
Don't gloat, Euros, we'll be back
The gloating didn't last long. A few weeks ago, German Finance Minister Peer Steinbrueck proclaimed that "Anglo-Saxon capitalism" is "finished." Steinbrueck stuck it to the hated Anglo-Saxon capitalists just in time - before he got too distracted by the exigencies of managing a $681 billion program to re-finance distressed German banks. ...more
October 22, 2008
McCain Plan Calls For Tax Cuts
Sen. John McCain, echoing both Sen. Barack Obama and Republican orthodoxy, proposed a $52.5 billion economic plan Tuesday that would eliminate taxes on unemployment benefits and cut the capital gains tax. He warned voters about taking a chance on his Democratic rival. ...more
October 15, 2008
Who Got Us Into This Mess?
Sen. John McCain claimed he was suspending his campaign to 'rush' to Washington, D.C., to save us all. ...more
October 1, 2008
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