Regulators Were Blind To Risk In Biggest U.S. Banking Failure
The most expensive banking failure in U.S. history was the closure of IndyMac Bank in July 2008. The original estimated loss to the FDIC of $8.9 billion has recently been increased to $10.7 billion...
View Article4 Banks Collapse Bringing 2010 Total To 20, OneWest Makes Billions On Failed...
Banking Failures in Texas, California, Illinois and Florida Bring 2010 Total To 20 Regulators continued their ritual of Friday night bank closings, shuttering 4 more banks across the country. The...
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FDIC Blames Banking Failures On Other Regulators In Bid For Expanded Powers
July 14, 2010 – Banking regulators agreed to give the FDIC expanded authority to conduct examinations of insured depository institutions that the FDIC does not directly supervise, under a new...
View ArticleOne West Bank Seeks Growth With Citibank Loan Purchase
One West Bank, newly chartered in early 2009, is the banking industry’s biggest success story. At a time when many banks are failing or struggling with nonperforming loans and slow growth, One West has...
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