Regulators closed six banks in three states Friday, bringing this year’s total number of bank failures to 96.
All six failed institutions were included in TheStreet’s Bank Watch List of undercapitalized banks and thrifts, based on first-quarter regulatory data provided by SNL Financial.
The Federal Deposit Insurance Corp. was named receiver and found buyers for all of [...]
Posts Tagged ‘banks’
Six Banks Fail Friday
July 18th, 2010 by HardMoney Writer
Tags: bank of america, bankruptcy, banks, financial crisis, Financial Markets, global economic, money, US Economy, wall street
more...Progressive Profit Falls 15% on Investment Losses
July 14th, 2010 by HardMoney Writer
Progressive Corp., the fourth- largest U.S. auto insurer, said profit fell 15 percent on investment writedowns.
Second-quarter net income dropped to $211.9 million, or 32 cents a share, from $250.1 million, or 37 cents, in the year- earlier period, the Mayfield Village, Ohio-based company said today in a statement. Operating income, which excludes investment losses, was [...]
Tags: banks, economy, financial, financial market, global recovery, Hard Money Loans, investment, stock market
Spain Sees Credit Squeeze but Denies EU Rescue Bid
June 14th, 2010 by HardMoney Writer
Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue.
Treasury Secretary Carlos Ocana acknowledged officially for the first time a liquidity freeze on some Spanish [...]
Tags: banks, debt crisis, economic reforms, european commission, European economy, eurozone economic, financial, financial crisis, Financial Markets
Regulators tell banks to restrict dividends, buybacks: report
March 10th, 2010 by HardMoney Writer
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
Executives at JPMorgan Chase & Co (JPM.N) and Goldman Sachs Group (GS.N) have talked in public and to [...]
Tags: banks, buybacks, credit crisis, economic, financial industry, shareholders, us regulators
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