Sunday, April 19, 2009

Bank Failures 2009: Update

In 2009:

- 25 banks have been shut down by the FDIC

- The FDIC estimates their loss on these closings at $3.16 billion

- On average, the estimated losses come to 25.3% of the total assets of the closed institutions

In the next week or so, expect some more news about BankUnited, FSB. The Office of Thrift Supervision gave them an ultimatum this week: fix the capital adequacy problem or else. See link below:

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