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 …

There’s speculation that the Federal agency that “guarantees” deposits against bank failures may face bankruptcy itself. Chris Brunner just posted some commentary that is very eye-opening at The LRC Blog.
“Last we heard from the FDIC, …

Kaupthing, the largest bank in Iceland, has been seized by the Icelandic government. From Forex News:
“As credit conditions continue to tighten, the Icelandic Financial Supervisory Authority took control of yet another bank on Thursday, this …

US Treasury Secretary Henry Paulson believes that banks will fail despite the $700bn bailout plan.
According to Paulson the world’s financial markets remain severely strained and a “quick fix” is not likely.

Bank failures to rise next year- International Business-News-The Economic Times:
Here’s a safe bet for uncertain times: A lot of banks won’t survive the next year of upheaval despite the US government’s $700 bil lion plan …