FDIC: Number of Problem Institutions Remains at Record Levels

According to FDIC's Quarterly Banking Profile, released on May 24, 2011 (refer here ), the pace of bank failures slowed during the first quarter. However, both the absolute and relative number of problem institutions continued to increase, albeit at a reduced pace compared to recent quarters...

The Latest FDIC Failed Bank Lawsuit

On December 29, 2011, in what appears to have been the final year-end step as the FDIC ramped up its failed bank litigation activity during 2011, the FDIC filed a civil lawsuit in the Western District of North Carolina in is capacity as receiver of The Bank of Ashville, of Ashville, North Carolina, against...