Banking Industry news from FierceFinance
The U.S. Banking Collapse
From 2003 to 2007, there were 10 bank failures in the U.S. Already in 2008, 13 banks have failed, with the lowlight being the collapse of Washington Mutual on September 25--the biggest bank failure in American history. What other banks have failed this year? View the list
News
Banks go beyond HAMP
There has been some disappointment with the pace of mortgage modifications by the banking industry. But you can't really blame the banks. TheStreet.com notes that of the 5.6 million borrowers who are... Read more...
Whitney on the state of the industry
Will 2010 present a big opportunity for the banking industry to ride a recovering economy? Will it be able to put the pain of the past two years behind it? My sense is that the big bailouts (bailout... Read more...
What to do about that bank tax?
The banking industry is in a quandary when it comes to the recently proposed bank tax. On the one hand, it does seem rather unfair and may well be unprecedented in its punitive nature. On the other... Read more...
The coming battle
It's no secret that the banking industry is a really good target right now. Populist angst, across the spectrum, is focused on it for obvious reasons. We're about to enter a new phase in the battle... Read more...
PE firms still eying traditional banks
There's been a lot of activity by private equity firms to buy up troubled banks as of late. IndyMac was only the beginning. While it's a rough road to ownership in the United States--the regulatory... Read more...
A good start to the deal year?
Bloomberg quotes one analysts as saying Kraft's $19.7 billion deal for Cadbury represents "the lowest multiple in the industry over the last decade. A year from now, Kraft will be singing the praises... Read more...
Tough times ahead for banks
After showing distinct signs of recovery earlier this year, bad loans surged in the third quarter, as did delinquencies. According to Moody's, as reported by the AP, this bodes ill for the banking... Read more...
Update: Commercial real estate and bank failures
We all know that commercial real estate is on the rocks right now. Nine more banks just failed, due in part to commercial real estate. The issue is how bad all this will ultimately be for the banking... Read more...
Protesters target banks in Chicago
Protesters are out in force in Chicago. They are mad as heck and they want the banking industry to know it. So they "shook larger-than-life cutouts of JPMorgan Chief Executive Jamie Dimon and... Read more...
The future of Jamie Dimon
Jamie Dimon is only 53, and he's found himself atop the financial services industry. More than any other top executive, he has used to the crisis to burnish his reputation. He's the man right now,... Read more...
