Posts Tagged ‘federal deposit insurance corp’
More Private Risk Transferred to Public; GE to Issue FDIC Backed Bonds
Monday, March 9, 2009 10:34 1 CommentPrivate gains through public risk.
In the latest of public subsidies handed out to private corporations, GE Capital will sell debt this week under the Federal Deposit Insurance Corp.’s (FDIC) Temporary Liquidity Guarantee Program. GE will enjoy a very low cost of borrowing as it issues bonds backed by the full faith and credit of the [...]
Failure Fridays: Two More Banks Bite The Dust
Friday, February 13, 2009 17:43 No CommentsThe Federal Deposit Insurance Corp. (FDIC) announced the failure of two more US banks (#10 and #11 for the year).
Nebraska -based Sherman County Bank was closed by regulators Friday, marking the 10th bank failure of the year. Sherman County Bank had roughly $129.8 million in assets as of Feb. 12, and $85.1 million in deposits. [...]
Feds Seize Two More Banks
Friday, February 6, 2009 22:33 2 CommentsWhat Friday would be complete without a bank failure (or two)?
Federal regulators shut down a bank in Southern California and another in the Atlanta area today, bringing the number of U.S. failures this year to eight in almost as many weeks. This is the 33rd collapse since the depression began.
Federal Deposit Insurance Corp. announced that [...]
23rd US Bank Fails: Georgia Community Bank Seized
Friday, December 5, 2008 21:24 No CommentsWhat Friday would be complete without a bank failure?
State regulators i closed First Georgia Community Bank on Friday, marking the 23rd bank failure of the year.
The Federal Deposit Insurance Corp. said that the four branches of the Jackson, Ga.-based First Georgia Community Bank will reopen on Saturday as part of United Bank, of Zebulon, Ga.
First [...]
