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A Failed Bank, A Lawsuit, and Some Interesting Questions

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...

Commercial Banks: Closures, Lawsuits Continue to Mount

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...

FDIC: Banks Improve, Problem Institutions Continue to Decline

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...