Archive for May, 2009
Friday, May 8th, 2009
Tonight regulators seized and sold Westsound Bank, Bremerton, WA.
Government regulators have seized Bremerton-based Westsound Bank and sold it to Kitsap Bank of Port Orchard, Wash.
The state Department of Financial Institutions says Westsound Bank's main office and eight branches will open again on Monday, but some online banking services may not be ...
Posted in FDIC FAILED BANKS | 1 Comment »
Friday, May 8th, 2009
2009-05-07 Stress Release:
Goldman Sachs passed the FED's stress test to see if it was adequately capitalized, with no need to raise any more cash. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital. We will see what happens, but that’s the ...
Posted in writedowns and distress | 3 Comments »
Friday, May 8th, 2009
Another piece of Obama's economic stimulus was put into play today as the FED released the results of its so-called stress test of the 19 largest banks. The purpose of the test is to verify the financial worthiness of the banks, and estimate their ability to with stand high-stress economic ...
Posted in Bank Bailout Count, BREAKING NEWS!, CENTRAL BANKERS | 7 Comments »
Thursday, May 7th, 2009
Morgan Stanley, incorporated in 1981, is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. On October 14, 2008, Mitsubishi Fuji Financial Group, Inc. acquired a 21% stake in Morgan ...
Posted in writedowns and distress | No Comments »
Thursday, May 7th, 2009
2009-05-07-Stress Release:
Sun Trust has passed the FED's stress test to see if it was adequately capitalized, but regulators said it needed $2.2 billion to be adequately capitalized. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital. So, if ...
Posted in Ailing, writedowns and distress | 3 Comments »
Thursday, May 7th, 2009
JPMorgan Chase & Co. (JPMorgan Chase), incorporated in 1968, is a financial holding company. JPMorgan Chase's principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national ...
Posted in writedowns and distress | 6 Comments »
Thursday, May 7th, 2009
2009-05-07 Stress Release:
US Bancorp reportedly passed the FED's stress test to see if it was adequately capitalized, with no need to raise any more cash. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital.
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2008-22-10 Q3:
US Bancorp reported third quarter ...
Posted in writedowns and distress | No Comments »
Thursday, May 7th, 2009
2009-09-22- Screw You:
Bank of America happily paid a dime on the dollar it owed the US and me taxpayer. Where have you gone Judge Rakoff an helpless nation turns it self away, again.
Thus, taxpayers were owed $4,427 billion for the guarantee. They got $425 million. That is less than 10 ...
Posted in writedowns and distress | 4 Comments »
Thursday, May 7th, 2009
2009-05-07-Stress Release:
Fifth Third Bancorp reportedly passed the FED's stress test to see if it was adequately capitalized, but regulators said it needed another $1.1 billion to be adequately capitalized. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital. But ...
Posted in writedowns and distress | 1 Comment »
Thursday, May 7th, 2009
Citigroup Inc. (Citigroup), incorporated in 1988, is a global diversified financial services holding company. The Company is engaged in providing a range of financial services to consumers and corporate customers. As of May 4, 2009, Citigroup had more than 200 million customer accounts and did business in more than 140 ...
Posted in writedowns and distress | 7 Comments »
