DarkBank http://www.darkbank.net DarkBank is focused on the distress in the Financial Services sector with a concentration on excess retail bank branch real estate, bank failures, mergers & acquisitions and distressed debt. Sat, 20 Feb 2010 13:05:25 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 U.S. Bank Failures in 2010 Rise to 20 http://www.darkbank.net/2010/02/20/u-s-bank-failures-in-2010-rise-to-20/ http://www.darkbank.net/2010/02/20/u-s-bank-failures-in-2010-rise-to-20/#comments Sat, 20 Feb 2010 13:05:25 +0000 DarkBank http://www.darkbank.net/?p=361 By DAMIAN PALETTA WSJ

WASHINGTON—Regulators shuttered four banks Friday, from Florida to California, as local banks continue to buckle across the country.

Twenty banks have toppled so far in 2010 and 185 have failed since January 2008, with regulators expecting to close dozens more by the end of this year. The Federal Deposit Insurance Corp. estimated the four failures Friday cost its deposit insurance fund more than $1 billion.

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]]> http://www.darkbank.net/2010/02/20/u-s-bank-failures-in-2010-rise-to-20/feed/ 0 Map-Tracking the nations bank failures http://www.darkbank.net/2010/02/15/map-tracking-the-nations-bank-failures/ http://www.darkbank.net/2010/02/15/map-tracking-the-nations-bank-failures/#comments Mon, 15 Feb 2010 13:37:19 +0000 DarkBank http://www.darkbank.net/?p=358 Great visual presentation from WSJ.

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]]> http://www.darkbank.net/2010/02/15/map-tracking-the-nations-bank-failures/feed/ 0 Big Problem for Small Banks: Trust-Preferreds http://www.darkbank.net/2010/02/15/big-problem-for-small-banks-trust-preferreds/ http://www.darkbank.net/2010/02/15/big-problem-for-small-banks-trust-preferreds/#comments Mon, 15 Feb 2010 13:12:23 +0000 DarkBank http://www.darkbank.net/?p=355 By ROBIN SIDEL WSJ

A popular financial instrument that helped fuel the lending boom at many small U.S. banks now is deepening their misery, increasing the possibility that some of the weakest banks could fail.

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]]> http://www.darkbank.net/2010/02/15/big-problem-for-small-banks-trust-preferreds/feed/ 0 TARP Panel: Small Banks Are Facing Loan Woes http://www.darkbank.net/2010/02/11/tarp-panel-small-banks-are-facing-loan-woes/ http://www.darkbank.net/2010/02/11/tarp-panel-small-banks-are-facing-loan-woes/#comments Thu, 11 Feb 2010 12:20:46 +0000 DarkBank http://www.darkbank.net/?p=353 By CARRICK MOLLENKAMP And MAURICE TAMMAN WSJ

Nearly 3,000 small U.S. banks could be forced to dramatically curtail their lending because of losses on commercial real-estate loans, a congressional inquiry concluded.

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]]> http://www.darkbank.net/2010/02/11/tarp-panel-small-banks-are-facing-loan-woes/feed/ 0 Mortgage Bankers Association Sells Headquarters at Big Loss http://www.darkbank.net/2010/02/07/mortgage-bankers-association-sells-headquarters-at-big-loss/ http://www.darkbank.net/2010/02/07/mortgage-bankers-association-sells-headquarters-at-big-loss/#comments Sun, 07 Feb 2010 18:10:44 +0000 DarkBank http://www.darkbank.net/?p=351 By JAMES R. HAGERTY WSJ

Like millions of American households, the Mortgage Bankers Association found itself stuck with real estate whose market value has plunged far below the amount it owed its lenders.

But the trade group for mortgage lenders is refusing to say exactly how it extracted itself from that predicament.

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