Deflation Arrives in the UK but “Avoided” in US?
September 9, 2009 – 1:05 pm | No Comment

Two contrasting statements are hitting the front pages today.  On one side of the Atlantic, deflation has arrived in the U.K. High Streets. A report from British Retail Consortium (BRC)-Nielsen Shop Price Index shows that …

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FDIC Bailout May Include Borrowing from Banks
September 22, 2009 – 5:47 am | No Comment

The FDIC is seriously considering borrowing from banks to help top-up its deposit guarantee fund. From the NYT…
Senior regulators say they are seriously considering a plan to have the nation’s healthy banks lend billions of …

FDIC Looks to Replenish Deposit Guarantee Funds
September 18, 2009 – 1:02 pm | No Comment

U.S. bank regulators might tap into a line of credit with the U.S. Treasury in order to help top-up the FDIC funds that guarantees bank deposits.
Federal Deposit Insurance Corp Chairman Sheila Bair said on Friday …

Commercial Real Estate Foreclosures Expected to Rise
September 15, 2009 – 9:45 am | No Comment

Commercial real estate foreclosures are expected to cause a new wave of bank failures, according some analysts. The FDIC closed 25 banks last year and 92, so far, this year.  The pace is picking up …

Watchdog Faults FDIC in Three Bank Failures
September 14, 2009 – 4:19 pm | No Comment

Three more oversight reports released last week criticized the supervision of failed banks.
The Federal Deposit Insurance Corp.’s inspector general evaluated the March failures of the $325 million-asset FirstBank Financial Services in McDonough, Ga., and the …

Guaranty Hints at Failure
July 24, 2009 – 5:19 pm | No Comment

It looks like one of the largest banks in Texas is likely to be next on the FDIC salvage list. From Austin Business Journal…
“Guaranty Financial Group Inc. will probably fail after loan losses and writedowns …