Two Banks Fail in Minnesota and Illinois
By SARAH N. LYNCH
WASHINGTON—Banks in Minnesota and Illinois were shut down by state regulators Friday, becoming the second and third banks to fail in 2010 after 140 last year.
Financial Inquiry Widens to Include Past Regulators
By JOHN D. MCKINNON And MICHAEL R. CRITTENDEN WSJ
WASHINGTON–The chairman of the commission investigating the 2008 financial crisis said Thursday he planned to probe the actions of regulators back to the Clinton Administration, broadening his inquiry beyond bankers
Bank, Credit Union Are First Failures of 2010
By ROBIN SIDEL WSJ
Regulators seized a small bank and a tiny credit union, the first two failures in a year that is expected to bring the collapse of many more financial institutions reeling from the economic downturn and other woes.
Posted in Bank Real Estate
Small Banks Say a Cure Hurts
By LESLIE SCISM And MAURICE TAMMAN WSJ
Regulators are requiring many small banks to set aside extra capital because of an unusual mortgage-bond shopping spree that began as housing-market trouble was brewing.
Posted in Bank Real Estate
FDIC Moves to Seize Slice of Bank-Stock Rallies
By ROBIN SIDEL WSJ
The government has auctioned off more than 100 failed banks this year to other financial institutions. Now, it wants a bigger cut of the action.
FDIC Draws Brisk Bidding on Loans by Failed Banks
By LINGLING WEI WSJ
Investors are jostling for the chance to buy a $1.1 billion package of commercial real-estate loans extended by failed banks, as these once-toxic assets attract growing interest.
Agencies in a Brawl for Control Over Banks
By DAMIAN PALETTA WSJ
WASHINGTON — In the darkest days of the financial crisis a year ago, Sheila Bair was hailed for having predicted the housing bust. Today, the chief of the Federal Deposit Insurance Corp. is fighting for her agency’s future.
Bank Agency Boosts Budget 35%
By MICHAEL R. CRITTENDEN WSJ
The Federal Deposit Insurance Corp. in the next year plans to add more than 1,600 staffers, mostly to handle bank failures, and is pushing its budget up 35% as the number of tottering banks climbs.
Regulators Seize Three Banks; Year’s Total at 133
By DAVID ENRICH WSJ
State and federal banking regulators seized three small lenders on Friday, lifting the total number of bank failures this year to 133.
CMBS Loan Defaults Rose to Record in Third Quarter
By John Gittelsohn
Dec. 7 (Bloomberg) — Delinquencies on commercial mortgage- backed securities rose to a record in the third quarter as unemployment rose and landlords struggled to retain tenants.