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Corus
Latest Headlines
Latest Headlines
How many banks will fail?
Most people now assume that the worst of the crisis has passed for big, systemically significant banks. But we cannot say the same for smaller banks, some of which are actually pretty big. So far this year, 69 banks have failed. That number can only rise. More than 300 banks are on the troubled ba
Corus on the brink of failure
Corus, the big Chicago lending institution, has declared that it is on the brink of failure, its capital depleted after reporting a preliminary $487 million second-quarter loss. This is not really new. The company's auditor had previously warned that it was in trouble. The FDIC will most likely mo
The fizzled condo boom and a Chicago bank
There was a time when lots of small banks, chasing returns, were falling over themselves to get into the Florida condo boom. Some of those banks are now on their heels. Consider Chicago-based Corus, TheDeal.com notes it "built its $4 billion loan book on the back of condominium construction. N
