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Tag Archives: Bank Failure

Report: 1 in 8 Banks Would Fail Stress Test

One in eight banks wouldn't be able to maintain adequate capital in a stressed economic environment, according to a Trepp report. The analytics firm released the results of its first Capital Adequacy Stress Test (T-CAST) of banks across the country, adapting the Federal Reserve's Comprehensive Capital Analysis Review (CCAR) Stress Test used on the 19 largest banking institutions in March.

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Curry Addresses Concerns of Minority-Owned Banks in Speech

In a written speech addressing Minority Depository Institutions, Thomas J. Curry, Comptroller of the Currency, spoke on the important role of minority-owned banks while addressing concerns regarding new laws and regulations. Curry discussed the new Basel capital requirements, which are expected to pose challenges for community banks due to the higher capital requirements.

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Mortgage-Related Business Closings Drop Off in Q3: Report

Mortgage-related business closings and failures are on track to post fewer incidences in 2012 than any year since the mortgage crisis began. In the third quarter, 17 mortgage-related businesses failed, down from 25 in the previous quarter and 31 in the same quarter last year, according to a report released by Mortgage Daily. Bank failures have been on the decline for the past four consecutive quarters.

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Illinois Bank Failure Raises 2012 Tally to 43

The fall of an Illinois bank brought the year's national bank failure tally to 43, FDIC announced Friday. The Illinois Department of Financial and Professional Regulation's Division of Banking closed First United Bank in Crete, Illinois, appointing FDIC as receiver.

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NCUA Files Securities Suit Against Barclay’s

The National Credit Union Administration (NCUA) filed suit Tuesday against Barclay's Capital, Inc. The suit, which was filed in Federal District Court in Kansas, alleges that Barclay's misrepresented mortgage-backed securities it sold to U.S. Central Federal Credit Union (US Central) and Western Corporate Federal Credit Union (WesCorp).

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FDIC Sees Number of Problem Banks Fall in Q2

As bank failures dwindle, FDIC institutions continue to see their own coffers swell, with an agency report finding that banks with government guarantees earned $34.5 billion over the second quarter. The FDIC also noted fewer ""problem"" institutions for the fifth consecutive quarter. Those identified as problems fell from 772 to 732, making this year one for the smallest problem banks since fourth-quarter 2009. Assets for institutions on the decline fell from $292 billion to $282 billion. And banks seemed to sweat a little less over the last quarter.

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