Commentaries

from Rolfe Winkler:

Corus, gone

September 11, 2009

Headlining this week's bank failures is Corus out of Chicago. Condo loans in Florida and other bubbly states did 'em in. There's an odd item in the press release. It lists the bank's deposits as "approximately" $7 billion. I can't remember seeing that modifier in a bank failure press release. When you read enough of them, the littlest things jump out at you...

from Rolfe Winkler:

Better late than never

August 30, 2009

FDIC shut down three banks on Friday evening. Still waiting on Corus (& First Fed).

from Rolfe Winkler:

Bank Failure Friday + DIF details

August 21, 2009

Another big one bites the dust.  Guaranty is the 81st failure of the year.  Plus two more in Georgia.

from Rolfe Winkler:

Talking Colonial

August 14, 2009

from Rolfe Winkler:

Bank Failure Friday, Talking Colonial & DIF update

August 14, 2009

Five bank failures tonight, bringing the total for the year to 77.  See below for a video clip and for details about the Deposit Insurance Fund's resources.

from Rolfe Winkler:

Bank Failure Friday

August 7, 2009

Looks like Corus will survive the night.  So far there have been three failures.

from Rolfe Winkler:

Bank Death Watch: Five failures + new addition

July 31, 2009

There were five bank failures tonight.  Two of meaningful size, but none in Georgia!

Ackermann makes half-baked case for reform

July 30, 2009

In the debate about the future of financial regulation, most senior bank executives have been notable by their silence, preferring to lobby behind the scenes rather than argue their case in public.

from Rolfe Winkler:

Friday six-pack

July 24, 2009

Among tonight's failures are the six bank subsidiaries of Security Bank in---you guessed it---Georgia.  Taken together the six are quite substantial in terms of assets and deposits.  But first...