Archive for the ‘Ailing’ Category

Wells Fargo – $138.6B

Monday, September 14th, 2009

2009-09-18-The Fat Lady Clears her Throat: They say it ain't over until the fat lady sings. Well, she's clearing her throat. In order to sort through the disaster that is Wells Fargo’s (quote: WFC) commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they ...

SunTrust – $2.0B

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 ...

Citi is Cracking

Saturday, January 10th, 2009

When the Citigroup execs refuse their bonuses, you just know they have finished plundering the company. As the credit bubble swelled, refusing a bonus would have been considered setting a bad example at least and treason to American creditism at worst. Now, execs refuse those bad bonuses with pride in ...

Franklin Bank, SSB – Agency, FHA/VA

Thursday, May 22nd, 2008

2008-05-22 stories: bizjournals.com, reuters.com We recently heard Houston-based Franklin Bank shut down wholesale lending operations, but now the entire company appears to be teetering on the brink of failure. According to Reuters, CEO Anthony Nocella "will accelerate his personal plans to retire" and has stepped down, and the bank's holding ...

Betrayed WaMu Can’t Stop the Bleeding

Sunday, May 18th, 2008

Some wounds can kill and others once inflicted will never heal. Those that never heal are inflicted by betrayal, by trusted ones, by those sworn to protect and they hurt by far the most, but it was Washington Mutual who concealed its coming betrayal with such rarely ...