Tag:
Community Bank
Latest Headlines
Latest Headlines
Durbin Amendment terms get better but caps still in place
Chalk up another victory for the card networks and banks in their bid to either overturn or water down the Durbin Amendment, which directed the Federal Reserve to impose caps on the interchange fees that banks charge merchants for debit card swipe transactions.
But while the Fed's decision to
Buyers scarce for small banks
Not too long ago, many thought that small troubled banks represented a gusher of opportunity for savvy investors. But, as Reuters notes, to date, fewer than two dozen of the more than 236 banks shut by the FDIC since January 2009 have been sold at auction to investment groups sponsored by priv
Regional banks key to industry recovery?
As the carnage in the banking industry continues ( banking industry news), the FDIC could sorely use some help in taking over failing banks. Private equity firms have stepped up to a degree, but they are not seen as a perfect fit. The big banks aren't likely to step into the community bank game
Goldman Sachs, other banks aim to save small Chicago bank
Just about anything that Goldman Sachs ( NYSE: GS ) and CEO Lloyd Blankfein ( Lloyd Blankfein news) do these days is going to be greeted with skepticism and even cynicism. So what to make of the bank's efforts to save ShoreBank, a small Chicago-based community bank that was told by the Federa
Small banks struggle with TARP repayment
Big banks were the scourge of the economy not too long ago ( financial crisis news). The massive bailout programs generated a lot of anger, much of which was justified ( bailout news). These were the banks, after all, that posed systemic threats. But the biggest recipients have moved quickly
Pain to intensify at small banks
Are we about to see the pace of small bank failures intensify? The FDIC ( FDIC news) has more than 700 banks on its 'problem' list, up from 552 at the end of the third quarter. Of course 26 banks have already failed this year. Some think we may get to 300 by year's end.
Bloomberg report
Pain ahead for small banks
It's been a mixed bag for small banks recently. Overall, they seem to be a healthier group than their large bank peers. As Breakingviews points out, they have more capital, make more on their assets and have fewer problem loans than big banks.
But the majority of the failed banks this year
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 retiring Bank of America CEO Ken Lewis, while others dressed as grim reapers and held a sign saying Greed
Small banks still ailing
While people assume that profits at the big banks will soar this year, the picture is quite the opposite for small banks, where the crisis is still unfolding. As of June 30, there were 416 banks that were on the FDIC's "troubled" list, which Fortune notes is 15-year high and nearly four times
How many more banks will fail?
So far this year, regulators have shuttered 77 lenders. That's the most in 17 years, but the number will undoubtedly rise. Bloomberg reports that star bank analysts Meredith Whitney predicts more than 300 banks will fail in 2009 . While the federal financial bailout efforts have generally i
