There have been many articles and blog posts focusing on who might be next. This New York Times article and this CNN article review the financials of a few troubled banks. As the CNN article describes, many bank stocks were hit hard today.
Some good reviews of past and present bank failures are provided by Calculated Risk and BestCashCow. From these blog posts, you can see how bad things were in the late 80's and early 90's. The number of failures is still small compared to those times, and it's small even if you compare the total assets. However, with Indymac being the second largest bank to fail (behind Continental Illinois' failure in 1984), the charts are starting to change.
You can review the past 8 years of bank failures at this FDIC web page.
Here are my recent posts on Indymac and its closure:
- High CD Rates Are Not Over at Indymac
- Feds Try to Calm Worries with Sunday Announcements
- Indymac Closed by the Feds
For those who had over $100K in Indymac, please refer to my post extending FDIC insurance over $100K to see if you may qualify for coverage of over $100K. You may qualify for more than $100K in deposit insurance if your accounts included IRAs, joint accounts and POD accounts. Please refer to the FDIC guide and the FDIC insurance estimator for the official information.