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Home  /  Forum  /  Koffiekamer  /  fdic

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  1. Ruud100 25 oktober 2009 11:17
    Wat een toeval. Dit weekend passeert het fdic-draadje van ons de grens van 100 postings. Om dit te vieren wat extra leesvoer voor de geinteresseerden. En ja, het artikel suggereert wat sommigen hier al denken: De FDIC haalt, zeker de laatste weken, alles uit de kast om failliete banken nog een tijdje voort te laten modderen in de hoop dat het geld gaat regenen.

    Gr
    Ruud

    news.yahoo.com/s/ap/20091024/ap_on_bi...

    Bank failures hit 106 for year; many more are weak
    AP

    By DANIEL WAGNER,
    WASHINGTON – It's a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday — hitting 106 by the end of the day — the most in nearly two decades. But the trouble in the banking system from bad loans and the recession goes even deeper.

    Dozens, perhaps hundreds, of other banks remain open even though they are as weak as many that have been shuttered. Regulators are seizing banks slowly and selectively — partly to avoid inciting panic and partly because buyers for bad banks are hard to find.

    Going slow buys time. An economic recovery could save some banks that would otherwise go under. But if the recovery is slow and smaller banks' finances get even worse, it could wind up costing even more.

    This year's 106 bank failures are the most in any year since 181 collapsed in 1992 at the end of the savings-and-loan crisis. On Friday, regulators took over three small Florida banks — Partners Bank and Hillcrest Bank Florida, both of Naples, and Flagship National Bank in Bradenton — along with four elsewhere: American United Bank of Lawrenceville, Ga., Bank of Elmwood in Racine, Wis., Riverview Community Bank in Otsego, Minn., and First Dupage Bank in Westmont, Ill.

    Bank failures have cost the FDIC's fund that insures deposits an estimated $25 billion this year and are expected to cost $100 billion through 2013. To replenish the fund, the agency wants banks to pay in advance $45 billion in premiums that would have been due over the next three years.

    The FDIC won't say how deep a hole its deposit insurance fund is in. It can tap a credit line from the Treasury of up to a half-trillion dollars to cover the gap.

    The list of banks in trouble is getting longer. At the end of June, the FDIC had flagged 416 as being at risk of failure, up from 305 at the end of March and 252 at the beginning of the year.

    Yet the pace of actual bank failures appears to be slowing. The FDIC seized 24 banks in July, 11 in September and 11 in October.

    The FDIC's first priority, spokesman Andrew Gray said, is to maintain public confidence in the banking system. "As evidenced by the stability of insured deposits throughout last year, this mission has been a success," he said.

    He said public confidence isn't reason enough to delay a bank closing, because legally the decision to close rests with whoever chartered the bank — a state or federal agency.

    But more than a dozen experts, including current and former regulators, bankers and lawyers, say the FDIC's mission to maintain public confidence in the banking system contributes to the go-slow approach.

    "The FDIC was set up to create confidence and prevent bank runs," says Mark Williams, a former bank examiner for the Federal Reserve. Being too aggressive about bank closings "can be counter to the mission."

    Last fall, the financial turmoil was rooted in bad bets that the nation's biggest banks, like Citigroup Inc. and Bank of America Corp., had made on complicated, high-risk mortgage investments.

    Smaller banks have been undone by something more conventional — real estate, construction and industrial loans that have soured as the recession has deepened. Defaults are up as developers abandon failing projects and landlords can't meet their loan payments.

    Small- and mid-sized banks hold lots of those loans and have been hurt more than big ones by the sinking commercial real estate market, especially in states like California, Georgia and Illinois. As defaults rise, these banks must set aside more money to cover losses.

    For the banks, this means mounting losses and shrinking reserves.

    In a healthy economy, Williams said, the Fed and the FDIC would be inclined to close such weak banks. But these days, those agencies and other regulators prefer to hold off, hoping an economic recovery will eventually restore the health of some of the banks.

    But the recovery is expected to be slow. Americans remain hesitant to spend money because of job losses, flat wages, tight credit and high debt. Their cutbacks have triggered tens of thousands of business failures.

    Abandoned retail space in downtowns and suburban malls means no rental income for property owners. As landlords default on real estate loans, they weaken the banks that hold the loans.

    The situation now is especially grave in Southern California, Georgia and Illinois, which have some of the highest home foreclosure rates. Twenty banks have closed in Georgia alone.

    Individual bank depositors aren't at risk when a bank fails. Their money is guaranteed up to $250,000 by the government. Ever conscious of maintaining public confidence, agency officials hammer this point in public statements.

    When weak banks are allowed to stay open, their growing losses potentially can drain the FDIC's deposit insurance fund faster, says Bert Ely, an independent banking consultant.

    Federal agencies aren't the only ones with an interest in slowing the pace of bank closings. State regulators with closer ties to local communities want to avoid the ripple effects when a town loses its main source of consumer and business credit, Williams said.

    But finding buyers for wobbly banks has been tough.

    FDIC Chairman Sheila Bair acknowledged as much in testimony this month before a Senate panel. The FDIC has been offering to share buyers' losses on the assets being transferred, she said.

    "In the past several months investor interest has been low," she said in prepared testimony.

    In an effort to find more potential buyers, the FDIC has relaxed the rules for private-equity firms to buy banks. In the past, regulators had feared such a move would allow investors to protect themselves from the cost of bank failures, escaping serious consequences while drawing down the FDIC's fund.

    An early success of the new strategy was a deal announced this month to sell assets from Corus Bank of Chicago to a group of private investors. But there still aren't enough buyers to absorb quickly all the assets held by at-risk banks.

    That's because there are so many weak and failing banks on the market — and so few others strong enough to buy them. That's one reason it's hard to know how many more banks could be closed in coming months, said Daniel Alpert, Managing Partner of the New York investment bank Westwood Capital LLC.

    "How many banks will survive?" Alpert asked. "Loans are still deteriorating, but there are glimmers of hope in the economy. Ultimately, it's all about employment."
  3. [verwijderd] 31 oktober 2009 09:42
    Overigens handelen ze dit soort zaken in de VS binnen een enkel weekend en merken de meeste rekeninghouders er niets van. Alleen de naam op afschriften en kantoren veranderen.

    ===============

    Oct. 30, 2009, 10:27 p.m. EDT

    9 more U.S. banks fail; $2.5 billion hit for FDIC fund
    By MarketWatch

    SAN FRANCISCO (MarketWatch) -- Nine more U.S. banks, all owned by the same Illinois holding company, were closed Friday by regulators, and the Federal Deposit Insurance Corp. said U.S. Bank of Minneapolis would assume their deposits.

    The closings brought the 2009 total to 115 in 2009 -- the first year since 1992 that more than 100 banks have gone under.

    The banks as of Sept. 30 had combined assets of $19.4 billion and deposits of $15.4 billion, the FDIC said.

    The deposit insurance fund will take an estimated $2.5 billion hit, the FDIC said.

    All nine banks were subsidiaries of FBOP Corp., a holding company based in the Chicago suburb of Oak Park, Ill., according to the FDIC.

    Privately held FBOP, which originated as the parent company of First Bank of Oak Park, wasn't involved in Friday's closures, the FDIC said.

    The FBOP subsidiaries that were closed Friday were identified as Bank USA, Phoenix; California National Bank, Los Angeles; San Diego National Bank, San Diego; Pacific National Bank, San Francisco; Park National Bank, Chicago; Community Bank of Lemont, Lemont, Ill.; North Houston Bank, Houston; Madisonville State Bank, Madisonville, Texas; and Citizens National Bank, Teague, Texas.

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  4. [verwijderd] 31 oktober 2009 10:24
    BREAKING NEWS: CIT preparing to seek Chapter 11 bankruptcy protection as early as Sunday
    Filing could wipe out U.S. stake and have broad ripple effect
    www.washingtonpost.com/wp-dyn/content...

    NEW YORK -- CIT Group, a major lender to small businesses, is preparing to file for Chapter 11 bankruptcy protection as early as this weekend, sources familiar with the matter said Friday, which would likely wipe out the federal government's $2.3 billion stake in the company.

    A CIT bankruptcy filing would be one of the largest in U.S. history, with potentially broad ripple effects. The firm provides loans to about 1 million companies, including many already struggling in the economic downturn.

    Burdened by a heavy debt load, CIT has been struggling for months to stay afloat, first seeking additional government funds, then turning to its creditors for relief. In early October, CIT announced a two-pronged restructuring plan aimed at reducing its debt.

    Under the plan, CIT sought to persuade enough of its bondholders to exchange their existing debt for new bonds that would mature later, along with preferred stock in a reorganized company. At the same time, CIT had solicited approval from creditors on a pre-packaged bankruptcy plan. The bondholders had until Thursday night to make their decisions.

    CIT said on Friday that it was still counting the more than 150,000 ballots that were distributed. But a source with direct knowledge of the situation said the debt-exchange offer had failed to attract enough support. The company, however, has won enough backing for the pre-packaged bankruptcy plan, said the source, who spoke on condition of anonymity because the official vote tabulation was ongoing. A bankruptcy filing could happen on Sunday or Monday, the source said.

    Under the pre-packaged bankruptcy, CIT bondholders would recover 70 cents on the dollar in new notes and equity in the reorganized company. But documents filed with the Securities and Exchange Commission show that preferred shareholders -- including the U.S. government -- would get nothing. The documents state that the government could recover some value if new securities in the reorganized company trade at a high enough level, although that is unlikely, a source with knowledge of the matter said.

    The government used $2.3 billion in funding from the Troubled Assets Relief Program to shore up CIT in December at the height of the financial crisis. CIT had sought additional federal funding in July, as its financial position deteriorated. But government officials, who had grown more concerned about whether they were throwing good money after bad as the crisis abated, declined after determining that CIT's collapse would not significantly disrupt the economy's recovery.

    On Friday, as it simultaneously counted votes and prepared for a Chapter 11 filing, CIT said that it had reached two important agreements with bondholders that would help the company execute a bankruptcy reorganization, which it hopes would take about 60 days.

    CIT has said it envisions a quick restructuring in bankruptcy that will result in a better-capitalized firm. The company has said that neither its bank nor its operating units would be part of the bankruptcy filing, which would allow the company to keep servicing its small-business customers during the proceedings.

    CIT said it had resolved a dispute with financier Carl Icahn, who will provide a $1 billion loan. Icahn, who says he is CIT's largest bondholder, earlier this week tried to persuade bondholders to reject CIT's debt-swap and bankruptcy proposals by offering 60 cents on the dollar. The $1 billion loan from Icahn will help shore up CIT's capital and can be used as bankruptcy financing, along with a $4.5 billion loan from some bondholders that materialized earlier this week.

    CIT also said it had reached a settlement with investment bank Goldman Sachs that would keep open a $2.13 billion loan even if CIT filed for bankruptcy.

    "It was viewed as being highly risky to have gone any deeper," said Scott Peltz, managing director of the corporate restructuring group at RSM McGladrey. "Coupled with the fact that they don't believe CIT is essentially too big to fail, and that the market can absorb this, then ultimately it looks like the government made a pretty good choice."

  5. [verwijderd] 31 oktober 2009 16:04
    "The banks as of Sept. 30 had combined assets of $19.4 billion and deposits of $15.4 billion, the FDIC said."

    "The deposit insurance fund will take an estimated $2.5 billion hit, the FDIC said."

    The "hit" will be closer to $19.4 billion!
    But what the heck, who's counting anymore anyway?

    And, here is another $2.3 billion that is actually a far larger number. Gone witht the wind.

    9 banken>>>bijna $20 miljard!!
  6. [verwijderd] 31 oktober 2009 16:13
    quote:

    Hans19 schreef:

    BREAKING NEWS: CIT preparing to seek Chapter 11 bankruptcy protection as early as Sunday
    Filing could wipe out U.S. stake and have broad ripple effect
    www.washingtonpost.com/wp-dyn/content...
    CIT bedient midden- en grootbedrijf in geheel midden Amerika. Valt het doek voor CIT, dan dreigt het doek voor veel amerikaanse bedrijven te vallen. Daarom is onderstaande quote van JS ook wel terecht:

    "When CIT stops middle America stops. It makes you wonder if the second round for a lock up in creditis is not actually wanted and desired. We are headed for a second round of bail outs."

  8. Ruud100 31 oktober 2009 16:33
    news.yahoo.com/s/nm/20091031/bs_nm/us...

    Nine U.S. banks seized in largest one-day haul
    Reuters
    Edwin Chan – Sat Oct 31, 12:11 am ET

    LOS ANGELES (Reuters) – U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.

    news.yahoo.com/s/ap/20091031/ap_on_bi...
    Federal regulators close 9 banks, mostly in West
    AP
    NEW YORK – Regulators have shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults.

    Kies zelf maar hoe je deze stukjes vertaald.

    Ondanks dat de goednieuws show in de VS op volle toeren draait, druppelt er steeds meer wanhoop door in de commentaren.

    Het enige dat nog volop draait (en daarmee de situatie optisch vertroebelt) zijn de overheidsuitgaven en de grote banken.

    Overheidsuitgaven die gebaseerd zijn op ongedekte cheques en exorbitante winsten die behaald worden doordat dinosaurus banken ongekende risico's nemen.

    Back to business as usual heet dat. Dit jaar pakken we een recordbonus en volgend jaar vallen we weer om als de volgende bubbel knapt.

    Gr
    Ruud
  9. [verwijderd] 31 oktober 2009 16:38
    quote:

    paulta schreef:

    een radar in het systeem gaat disfunctioneren, zeer groot probleem.
    Tokio gaat hiermee op -5% openen ....
    Sommigen hier op het forum schijnen de ernst van de situatie nog niet helemaal te vatten. Cit verleende krediet aan ongeveer een milioen bedrijven waarvan er veel in de problemen zitten. Die zullen dan ook omvallen. Een serious ripple effect kan zeker ontstaan. Obama en Geithner staan met hun rug tegen de muur...
  10. [verwijderd] 31 oktober 2009 19:27
    Laatste nieuws:
    CIT Reaches Agreements to Ease Bankruptcy Filing

    The CIT Group, the troubled lender, secured several important agreements on Friday as it prepared for what it had said would be an abbreviated bankruptcy filing to lighten its debilitating debt burden.


    Chip East/Bloomberg News
    CIT resolved a dispute with Carl C. Icahn, who said he held $2 billion of its bonds and sought to block its reorganization plan.

    The accords, including one that will reduce a $3 billion loan from Goldman Sachs to $2.13 billion, will help pave the way for a prepackaged bankruptcy filing, possibly as early as Sunday, said people briefed on the matter who were not authorized to speak publicly. For months, the company sought ways to avoid collapsing into bankruptcy, which would probably have spelled the end of CIT, a century-old lender to small and midsize companies around the country. Some of CIT’s largest creditors threw it a $3 billion lifeline several months ago, saving it from a ruinous uncontrolled bankruptcy filing that could have left it in bankruptcy court for years.

    It now hopes that its prepackaged bankruptcy filing will limit its time in court to a month and a half, while wiping out as much as $7 billion of its $30 billion in bond debt. The filing will test whether a lender can survive a Chapter 11 filing, which has long been believed to be fatal for a financial company built on the delicate trust of customers and creditors.

    CIT’s fate has been the concern of many businesses and the federal government since the financial crisis began last fall. Even after it became a bank holding company in order to receive $2.3 billion in government bailout money, CIT struggled to finance itself in the capital markets. Its regulators turned down its request for additional aid, forcing it to obtain more expensive financing from bondholders.

    Early this month, CIT announced an exchange offer, in which it would swap its outstanding bonds for new debt with later maturities, as well as preferred stock. But it also began soliciting votes for a prepackaged bankruptcy in case the exchange offer fell through. Under federal bankruptcy law, approval of such a plan requires the support of more than 51 percent of the number of creditors voting and more than two-thirds of the dollar value of those bonds.

    Under the prepackaged plan, bondholders would receive about 70 cents on the dollar for their claims. The government’s $2.3 billion investment would likely be wiped out. Under a so-called free fall filing, which would be necessary if bondholders rejected the prepackaged plan, they could receive as little as 6 cents on the dollar.

    The exchange offer, in which CIT sought a high acceptance rate, has almost certainly failed, the people who had been briefed said. But a preliminary tally of the bankruptcy votes showed overwhelming support for CIT’s reorganization plan. One of these people estimated that holders of nearly $27 billion in CIT bonds had voted. Several of these people said that CIT’s plan had gained the approval of about 86 percent of the dollar value of the bonds voted.

    A CIT spokesman declined to comment.

    Helping to lay the groundwork for the expected bankruptcy filing was the agreement with Goldman, preserving the $2.13 billion loan even when CIT files for Chapter 11 protection. The Goldman financing package was reduced from $3 billion, and in exchange the company agreed to pay a $280 million fee and post an additional $250 million in collateral. Under the original terms of the agreement, Goldman was entitled to a $1 billion payment if its loan facility were terminated, a likely prospect in bankruptcy.

    CIT, which is based in New York, also settled a dispute with the financier Carl C. Icahn, who claimed to hold about $2 billion of CIT’s bonds and sought to block its reorganization plan. Mr. Icahn agreed to provide up to $1 billion in financing, which would be available through the end of the year. In return, Mr. Icahn agreed to back down from his campaign, which involved promising to pay small bondholders 60 cents on the dollar for their claims if they rejected the prepackaged bankruptcy plan. He will also receive some fees, though the company is unlikely to make use of his loan, these people said.

    Early this week, CIT secured an additional $4.5 billion loan from its bondholders. The loan, arranged by Bank of America Merrill Lynch, carries an interest rate of at least 9.5 percent and matures in 2012.

  11. [verwijderd] 31 oktober 2009 20:21
    quote:

    Boeliebear schreef:

    Sommigen hier op het forum schijnen de ernst van de situatie nog niet helemaal te vatten. Cit verleende krediet aan ongeveer een milioen bedrijven waarvan er veel in de problemen zitten. Die zullen dan ook omvallen. Een serious ripple effect kan zeker ontstaan. Obama en Geithner staan met hun rug tegen de muur...
    Precies wat ik dus al eerder schrijf. Als ze CIT laten vallen, hebben ze een gaatje in hun hoofd.
    Op een andere manier dan de zakenbanken/AIG en freddy/fannie ... is CIT 'to important to fail'
  12. [verwijderd] 1 november 2009 17:27
    8663737838 - California National Bank ("Important Annoucement.... FDIC has assumed control of this bank...until Monday)

    This is what I heard when I called my bank this morning.

    GOT GOLD? Because "Important Annoucement" says the panicky sounding young man on the pre-recorded phone message.

    Best wel spannend als je klant bent bij een van die 9 banken die dit weekend zijn opgeruimd.
    De FDIC heeft immers aangegeven dat de centjes toch echt op zijn...(tenzij de banken 4 jaar contributie vooraf willen bijdragen!)..
  14. Ruud100 1 november 2009 19:04
    Zie voor het hele verhaal de link.
    Let op: CIT group is niet Citi group

    Gr
    Ruud

    www.nytimes.com/2009/11/01/business/e...

    Can Citigroup Carry Its Own Weight?

    By ANDREW MARTIN and GRETCHEN MORGENSON
    Published: October 31, 2009

    OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now known as Citigroup. In previous instances, the bank came back from the crisis and prospered.

    The answer to that question concerns not only the 276,000 employees who work at what was once the world’s largest bank, but the nation’s taxpayers as well. Even as Citigroup’s stock has soared from a low of $1.02 to its current $4.09 — and the company has eked out a $101 million profit in the third quarter along the way — it’s still unclear whether it can climb out of the hole that its former leaders dug before and during the mortgage mania. If Citigroup remains stuck, taxpayers will be on the hook for outsize losses.

    Citigroup remains a sprawling, complex enterprise, with 200 million customer accounts and operations in more than 100 countries. And when people talk about institutions that have grown so large and entwined in the economy that regulators have deemed them too big to be allowed to fail, Citigroup is the premier example.

    As a result, the government has handed Citigroup $45 billion under the Troubled Asset Relief Program over the last year. Through the Federal Deposit Insurance Corporation, a major bank regulator, the government has also agreed to back roughly $300 billion in soured assets that sit on Citigroup’s books. Even as other troubled institutions recently curtailed their use of another F.D.I.C. program that backs new debt issued by banks, Citigroup has continued to tap the arrangement.

    Citigroup is also one of only two TARP recipients so desperate for capital that they’ve swapped government-issued shares into common stock, diluting existing shareholders. (GMAC, the troubled auto lender that may receive another government infusion, is the other.)

    While Citigroup has written down tens of billions of dollars’ worth of mortgages on its books, there are looming problems in its huge credit card portfolio. Of the company’s $1.2 trillion in credit commitments outstanding in the second quarter, $873 billion were credit card lines. A measure of the bank’s efforts to wrestle that problem to the ground is the interest it charges customers: in October, Citigroup raised interest rates on some credit card holders to 29.99 percent.
  15. Ruud100 6 november 2009 23:15
    Slechts 1 deze week:

    United Security Bank, Sparta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

    As of September 14, 2009, United Security Bank had total assets of $157 million and total deposits of approximately $150 million. ...

    The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $58 million. ... United Security Bank is the 116th FDIC-insured institution to fail in the nation this year, and the twenty-first in Georgia.
  17. TG01 7 november 2009 01:21
    [Quote]
    When the FDIC factors in expected closures, the agency says the fund is in the red and will likely remain there through 2012. Bank failure costs are expected to total $100 billion over the next four years.

    So far 2009 has seen more than four times the number that were closed in 2008. It's the highest total since 1992, when 181 banks failed.
    [/quote]
  18. Ruud100 7 november 2009 11:56
    quote:

    Ruud100 schreef:

    Slechts 1 deze week:

    Oeps, overhaaste conclusie. FDIC heeft besloten dit weekend te gaan overwerken. Niet 1 bank maar 5 banken waardoor we dit jaar op een totaal van 120 staan. Van de getallen wordt je niet vrolijk: De grootste bank gaat de FDIC $1,5 miljard kosten op totale tegoeden van $ 7,5 miljard. (dus balanstotaal iets kleiner dan de DSB).

    Misschien te kort door de bocht, maar blijkbaar is bij een dergelijke bank een gat van 20% op de balans pas voldoende om de boel om te laten vallen.

    Zegt veel over hoe dit soort banken ervoor staan en hoe lang er gewacht wordt met de stekker eruit trekken.

    Gr
    Ruud

    Five more banks fail - 120 for the year
    Banks in California, Georgia, Michigan, Minnesota and Missouri were shuttered, costing the FDIC a total of $1.5 billion.

    By Julianne Pepitone, CNNMoney.com staff reporter
    Last Updated: November 6, 2009: 10:43 PM ET

    NEW YORK (CNNMoney.com) -- Five banks failed late Friday, bringing the 2009 tally to 120.

    The biggest to fall was United Commercial Bank of San Francisco, which had 63 U.S. branches as well as operations in Hong Kong and Shanghai. The bank held deposits totaling $7.5 billion.

    United Security Bank of Sparta, Ga., closed its doors for the last time on Friday. Moultrie, Ga.-based Ameris Bank will assume control of all United Security's deposits.

    Home Federal Savings Bank of Detroit also failed late friday. New Orleans-based Liberty Bank and Trust Co. will assume control of its deposits.

    Prosperan Bank of Oakdale, Minn., failed and will be taken over by Grand Forks, N.D.-based Alerus Financial.

    Gateway Bank of St. Louis, Mo., also failed. Central Bank of Kansas City will take over its deposits.

    What happens to the banks. United Commercial's failure will cost the FDIC's Deposit Insurance Fund an estimated $1.4 billion. East West Bank paid the FDIC a premium of 1.1% for the right to assume United Commercial's deposits, and the two organizations agreed to share losses on around $7.7 billion of the failed bank's assets.

    An average of 11 banks have failed per month this year, and the federal coffer is thinning under the massive strain. The fund now stands below $10 billion, down significantly from $45 billion a year ago.

    When the FDIC factors in expected closures, the agency says the fund is in the red and will likely remain there through 2012. Bank failure costs are expected to total $100 billion over the next four years.

    So far 2009 has seen more than four times the number that were closed in 2008. It's the highest total since 1992, when 181 banks failed.

    United Security had $157 million in assets, and the FDIC and Ameris entered into a loss-share transaction on $123 million of those assets. The agreement means Ameris will share in the losses on the assets covered.

    The failure is expected to cost the Deposit Insurance Fund an estimated $58 million. The two branches of United Security will reopen Saturday as branches of Ameris.

    Liberty Bank and Trust will assume Home Federal Savings Bank's $14.9 million in assets and $12.8 million in deposits. The failure cost the FDIC fund $5.4 million. The two branches of Home Federal will reopen Saturday as branches of Liberty.

    The failure will cost the FDIC $60.1 million. The three branches of Prosperan will reopen Saturday as branches of Alerus.

    Central Bank will assume Gateway Bank's $27.7 million in assets and $27.9 million in deposits. The failure cost the FDIC fund $9.2 million. The single branch of Gateway will reopen Saturday as a branch of Central.
  19. [verwijderd] 7 november 2009 14:29
    "The FDIC estimated United Commercial's failure would cost its insurance deposit fund $1.4 billion"

    Best weer een duur weekend.
    Het geeft ook elke week weer het percentage afschrijvingen weer(het is nog steeds stijgende!).

    Het moment gaat dichterbij komen dat Europa moet gaan volgen op dezelfde werkmethode: sluiten en toevoegen aan soortgenoot en eenmalig de last(afschrijvingen) nemen ...
  20. [verwijderd] 7 november 2009 15:07
    "That is exactly what the leaders were telling us in 1929. Everything is just great!!!"

    Vanaf medio 2010 zal de boel extrapoleren, de aankomende golf is te berekenen.
    $3 miljard per weekend is eigenlijk best te absorberen op een schuld van totaal $16.000 miljard.
    Achter de schermen wordt de druk echter steeds groter("moeten we die president van Amerika nou nog serieus nemen?") ....
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NX FILTRATION 4,695 +0,20 +4,33%
ForFarmers 3,245 +0,11 +3,34%
Flow Traders 21,120 +0,28 +1,34%
Air France-KLM 8,236 +0,10 +1,18%
NSI 20,400 +0,20 +0,99%
UMG 23,610 +0,19 +0,81%
ADYEN NV 1.365,800 +10,80 +0,80%
Sligro 12,520 +0,08 +0,64%
Van Lanschot Kempen NV 43,100 +0,25 +0,58%
ASMI 579,800 +3,00 +0,52%
Accsys 0,606 +0,00 +0,50%
Pharming 0,764 +0,00 +0,46%
THEON INTERNAT 10,100 +0,04 +0,40%
Ahold Delhaize 31,000 +0,12 +0,39%
JDE PEET'S 18,230 +0,07 +0,39%
RELX 41,940 +0,10 +0,24%
KPN 3,655 +0,01 +0,22%
Eurocommercial Properties 24,400 +0,05 +0,21%
UNILEVER PLC 56,980 +0,10 +0,18%
ASML 747,900 +0,30 +0,04%
AZERION 1,420 0,00 0,00%
CM.COM 6,770 0,00 0,00%
CTP 16,540 0,00 0,00%

Dalers

instrument koers absoluut verschil relatief verschil
Aperam 26,720 -1,40 -4,98%
FASTNED 20,100 -0,75 -3,60%
PROSUS 39,910 -1,38 -3,33%
ArcelorMittal 22,580 -0,64 -2,76%
AALBERTS NV 34,560 -0,74 -2,10%
AMG Critical Materials N.V. 16,490 -0,32 -1,90%
Alfen N.V. 13,105 -0,23 -1,72%
Basic-Fit 24,680 -0,42 -1,67%
RENEWI 7,620 -0,11 -1,42%
SIGNIFY NV 22,180 -0,30 -1,33%
RANDSTAD NV 44,180 -0,58 -1,30%
PostNL 1,216 -0,02 -1,22%
SBM Offshore 17,100 -0,21 -1,21%
Galapagos 27,420 -0,32 -1,15%
Corbion 24,380 -0,28 -1,14%
Nedap N.V. 57,200 -0,60 -1,04%
Heineken 77,900 -0,80 -1,02%
INPOST 17,000 -0,16 -0,93%
Philips Koninklijke 28,930 -0,27 -0,92%
Kendrion 11,180 -0,10 -0,89%
OCI 26,000 -0,23 -0,88%
HEIJMANS KON 26,400 -0,20 -0,75%
BAM 4,378 -0,03 -0,68%
AMX 892,88 -5,91 -0,66%
SHELL PLC 31,520 -0,19 -0,60%
JUST EAT TAKEAWAY 13,605 -0,08 -0,58%
ALLFUNDS GROUP 5,140 -0,03 -0,58%
EXOR NV 96,250 -0,55 -0,57%
Fugro 21,060 -0,12 -0,57%
BESI 110,400 -0,55 -0,50%
Aegon 5,676 -0,03 -0,46%
ACOMO 17,580 -0,08 -0,45%
Fagron 17,880 -0,08 -0,45%
Akzo Nobel 63,040 -0,28 -0,44%
ING 16,088 -0,07 -0,42%
ABN AMRO BANK N.V. 15,605 -0,05 -0,35%
Brunel 8,850 -0,03 -0,34%
ASCX 1.249,38 -4,23 -0,34%
TomTom 5,070 -0,01 -0,29%
AEX 910,23 -2,54 -0,28%
Wereldhave 14,720 -0,04 -0,27%
TKH 37,600 -0,10 -0,27%
WDP 23,320 -0,06 -0,26%
Arcadis 63,450 -0,15 -0,24%
IMCD 151,600 -0,35 -0,23%
NN Group 43,820 -0,10 -0,23%
Avantium 2,230 0,00 -0,22%
Vastned 24,100 -0,05 -0,21%
EBUSCO HOLDING 0,700 0,00 -0,14%
Vopak 42,520 -0,06 -0,14%
ASR Nederland 43,420 -0,06 -0,14%
Sif Holding 14,940 -0,02 -0,13%
B&S Group SA 4,705 0,00 -0,11%
DSM FIRMENICH AG 116,300 -0,10 -0,09%
Wolters Kluwer 151,300 -0,05 -0,03%
vlag naam koers verschil relatief verschil
AEX 909,94 -2,83 -0,31%
AEX GR 3.557,41 -10,11 -0,28%
Germany40^ 19.069,00 -35,10 -0,18%
FTSE 100 8.216,01 -87,61 -1,06%
EURO50 4.944,22 -11,31 -0,23%
US30^ 42.027,00 +56,20 +0,13%
Nasd100^ 19.902,80 +86,60 +0,44%
US500^ 5.720,60 +22,97 +0,40%
Japan225^ 39.258,10 +357,60 +0,92%
VD-NEW 18,38 -0,18 -0,96%
#/^ Index indications calculated real time, zie disclaimer