Unstructured Finance

No Guaranty

August 18, 2009

An extended deadline for bids to pick up the pieces of Texas bank Guaranty Financial Group looms large today, and what happens will go a long way to setting the tone for bidding for Corus Bankshares, another troubled bank that faces a deadline in two weeks.

Colonial’s shut; what’s next?

August 17, 2009

Alabama’s Colonial Bank collapsed Friday under the weight of the financial crisis and allegations of fraud – making it the biggest bank to fail this year.