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Friday Bank Closures? Couple of FDIC Press Releases

Friday, January 8, 2010 - 1:54 PM
Last year the bank closures didn't start up again until two weeks into the new year. We'll see what happens tonight. Here are two recent noteworthy FDIC press releases:

FDIC Issues Interest Rate Risk Advisory: This is meant for the banks. One interesting excerpt warns banks about internet accounts being vulnerable to rate chasers:

Generally, rate-sensitive and higher-cost deposits, such as brokered and Internet deposits, would reflect higher decay rates than other types of deposits.

FDIC Announces Winning Bidder of $1 Billion in Loans:

[The FDIC] has closed on a sale of an equity interest in a limited liability company (LLC) created to hold certain assets out of 22 failed bank receiverships.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800
1. Wednesday, January 30, 2013 - 4:25 AM
More bank branch locations closed than opened last year, says a yearly report from the research company SNL Financial. It was the largest amount of closures in any year since the firm started keeping track back in 2005. Source of information: bank closures
nicolaijacksonnicolaijackson1 posts since
Jan 30, 2013
Rep Points: 1