Tag:
Troubled Banks
Latest Headlines
Latest Headlines
More bank deals coming soon?
A lot of lending capacity has gone unused in the industry as of late, and that is creating ripe conditions for more bank mergers, according to Bloomberg BusinessWeek . Valuations are enticing right now, and the industry has moved past the nadir of the crisis. And that has some big regional bank
List of problem banks continues to grow
Good news and bad news in the FDIC's quarterly survey, as noted by CNNMoney . Unfortunately, the number of troubled banks continues to rise; 53 more were added to the list in the second quarter, bringing the total to 829. The total compares with 416 banks that were on the FDIC's watch list a ye
Private equity firms scale back bank buying
Private equity firms ( private equity news) have been willing buyers of troubled banks. The likes of Stone Point Capital, Lightyear Capital and J.C. Flowers have led the surge. According to PitchBook Data, as noted by Institutional Investor , 75 commercial banks have received investments fro
Beneath top tier, smaller banks struggle
We've seen a big pickup in earnings from the premiere banks, and until the recent market gyrations, bank stocks had been on the mend. There's been a lot of good news, including some big bank TARP ( TARP news) exits. But beneath the top tier, the industry's struggles continue.
The Federal De
Regional banks still owe big TARP bucks
The news that the government will exit its Citigroup ( NYSE: C ) "investment" has given rise to talk about the overall TARP ( TARP news) investment in troubled banks. Big banks have generally been a decent bet. The government recouped its bailout funds and a bit more in several cases. But the
First Interstate BancSystem to spark more bank IPOs?
Montana-based First Interstate BancSystems managed to become the first bank since 2007 to go public. It priced at the low end of the projected range, but still managed to raise about $130 million of capital after fees and earned an immediate rise in the aftermarket , which is always a good sign
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 landscape is still tricky--the appeal remains strong. Especially across the pond.
Reuters re
How much dilution for Citi shareholders?
Some bank shareholders seem willing to accept dilution in return for troubled banks to get out of the TARP program. Bank of America ( BAC ) shareholders haven't protested loudly about the recent share issue. It was able to raise more than it originally expected. Is it Citigroup's ( C ) turn? T
Pensions favor PE buyouts of banks
The Federal Deposit Insurance Corporation is set to decide on rules governing private equity investments in banks in the next several weeks. At issue: Proposed rules that require private equity firms that buy troubled banks to maintain tier 1 capital ratio at 15 percent of assets. That's three tim
The tide turns on mark-to-market
The banking industry has been fairly relentless in its efforts to overturn the mark-to-market rules that investors have so dearly embraced. Success at last: The FASB has voted to allow more leniency in applying FAS 157, allowing for the use of computer models and judgment. This will result
