Banks

U.S. May See 150-200 More Bank Failures

US May See 150-200 More Bank Failures: Bove Reuters | 24 Aug 2009 | 01:07 PM ET A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry’s payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of […]

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Big U.S. Banks Will Soon Disappear

Big US Banks May Be Headed For Extinction—And Soon CNBC Posted By: Albert Bozzo | Senior Features Editor CNBC.com | 08 May 2009 | 02:30 PM ET In the world of banking, too-big-to-fail may be in the process of morphing into too-big-to-exist. After hundreds of billions in federal aid and even more in lost investment […]

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Canadian Banks Avoided Mortgage Meltdown

CBS News Bankers Eschewed Subprime Loans, Mortgage Securities; The Result — No Bank Failures Two more U.S. banks were taken over by the government overnight. And while a number of this country’s biggest banks reported improving conditions this week, some of their accounting methods have been questioned. One place where none of this banking drama […]

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Government Bailout Hits $8.5 trillion

Kathleen Pender The San Francisco Chronicle November 26, 2008 The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News. That sum represents almost 60 percent of the nation’s estimated gross domestic product. Given […]

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