Though 268 banks have failed since January 1, 2008, there
has been relatively little litigation related to the failed banks, as least so
far. For example, the FDIC only recently filed its first action against former
directors and officers of a failed bank (as discussed here ). There have also been...
As has now become a familiar routine, this past Friday
night the FDIC took
control of several more commercial banks . The seven additional banks seized
on Friday bring the year to date total number of failed banks to 139, and the
total since January 1, 2008 to 304. At the same time, lawsuits involving...
According to the FDIC's Quarterly Banking Profile for the first quarter of 2012, which can be found here and which was released on May 24, 2012, the banking industry generally continues to show improvement. The industry's aggregate profits are up, and the industry is shedding bad loans, bolstering...