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| Entre que es viernes y la FDIC nos da carnaza... ![]() FDIC bank fund in the red until 2012 Even as regulators try to replenish deposit insurance fund, it will be over two years before it boasts a positive balance, warns agency chief. NEW YORK (CNNMoney.com) -- The government insurance fund designed to protect consumer bank deposits will likely stay in the red through 2012, Federal Deposit Insurance Corp. chief Sheila Bair said Wednesday. Testifying before members of the Senate Banking Committee, the nation's top commercial bank regulator stressed that her agency was taking immediate steps to replenish the dwindling fund. But she said those efforts would not put the rescue fund in the black until a little more than two years from now at the earliest. The fund has come under severe strain in recent months amid the recent surge in bank failures. Ninety-eight banks have failed so far this year, which has reduced the fund's value to $10 billion from $45 billion a year ago. Last month, the agency painted an even more dire picture, estimating that the fund is currently in the red after taking into account future bank failures it anticipates will happen. That would not be the first time the fund has had a negative balance. During the S&L crisis of the late 1980s and early 1990s, it slipped into the red. With bank failure costs expected to reach $100 billion over the next four years, regulators have been looking at ways to raise quick cash. "The problem we are facing is one of timing," Bair said, according to a copy of her prepared remarks. One proposal currently under consideration would have banks prepay their deposit insurance premiums for the next three years. Under FDIC guidelines, bankers and others have until the end of October to comment on the proposal before it becomes a rule. http://money.cnn.com/2009/10/14/news...ion=2009101415
__________________ Cuando al fin encontramos las respuestas, cambiaron las preguntas. |
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| 5868 FDIC: Failed Bank Information - Bank Closing Information for San Joaquin Bank, Bakersfield, CA San Joaquin Bank, Bakersfield, California De madrugada y en el ultimo minutooo...¡Goooooollllll! En plena resaca del viernes Ya faltan menos
__________________ ![]() Yo soy Islañooool,Islañol,Islañol ¡¡Islañoles del mundo,UNÍOS!! ¡¡Banqueros,dadnos un punto de apoyo y apalancaremos el mundo!! Eso si,las palanquetas queremos pagarlas en cómodos plazos. |
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| Citigroup (C), JP Morgan Chase (JPM), Wells Fargo (WFC) and Others to Lose FDIC Debt Guarantees October 20th, 2009 • Related • Filed Under • by admin Some of the nation’s largest financial companies, including Citigroup (NYSE: C), GE Capital (NYSE: GE), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC) and others will no longer have certain debt guaranteed by the federal government through the FDIC’s Temporary Liquidity Guarantee Program as of October 31st. The FDIC voted on Tuesday to end the Temporary Liquidity Guarantee Program that is being used to guarantee certain debt issued by some of the nation’s largest banks, but also setup a 6-month safety net facility as part of the process. All five members of the FDIC’s panel of regulators voted to end the program as scheduled on October 31st. New debt can be issued and guaranteed under the program up until the deadline. The deadline on the newly placed debt would expire no later than December 31st, 2012. FDIC Chairman, Sheila Bair, stated, “It should be clear that this is not a continuation of the program but an ending of the program.” The program does leave open a 6-month safety-net feature for banks suffering from “market disruptions” beyond their control. Under the transitional facility, banks can have new debt guaranteed through April 30th, 2010 if the FDIC approves the guarantee. During the month of September, the FDIC requested public comment about two different approaches to ending the program. One of the programs would let the program finish by the end of the month and the other would include a 6-month guarantee facility for some banks on a case-by-case basis. The FDIC established the Temporary Liquidity Guarantee Program last October in order to boost confidence in the banking industry, add more liquidity, and reduce the possibility of bank runs. The TLGP program places a government guarantee on some senior unsecured debt and mandatory convertible debt, as well as on banks’ transaction deposit accounts. Regulators are hoping to phase out the program now that stress on the credit market has eased. FDIC officials are also want to avoid promoting reliance on government aid by the financial industry. As of October 14th, 2009, the FDIC had $309.4 billion in outstanding debt-guarantees. Citigroup (C), JP Morgan Chase (JPM), Wells Fargo (WFC) and Others to Lose FDIC Debt Guarantees - American Banking News
__________________ Cuando al fin encontramos las respuestas, cambiaron las preguntas. |
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| Uno de los mejores y más escalofriantes hilos del foro sin duda. Pero tranquilos, ya nos estamos recuperando
__________________ Al mal tiempo, buena cara No hay mal que por bién no venga ![]() Himno de la crisis mundial No basta decir solamente la verdad, mas conviene mostrar la causa de la falsedad. Aristóteles |
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| me lo apunto que ahora llevo 3 jarras y no quiero perdermelo en el desayuno
__________________ ojito con las inmobiliarios y multinicks ultimas tablas de cajas actualizadas 2006: First, they ignore you (phase 1) 2007: Then, they laugh at you (phase 2) 200 Then, they fight you (phase 3)2009: Then, you win (phase 4) 2010: Now, capitulación |
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| Pole ![]() 5867 Partners Bank Naples, Florida, Stonegate Bank, Fort Lauderdale, Florida, Asume Todos Los Depósitos De Partners Bank, Naples, Florida
__________________ la solución a la crisis no pasa por gastar más y dar más crédito, sino por reducir la deuda existente. - Miss Marple El Sistema (al depender del ahorro externo) es tan fuerte como el más debil de sus eslabones. - Eddy Tanto si piensas que puedes, como si piensas que no puedes, estás en lo cierto. -Henry Ford |
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| Bank failures hit 100 for year Experts suggest we could be no more than 10% of the way through this cycle of bank collapses, which is sure to be the worst run of closures since the Great Depression.
__________________ la solución a la crisis no pasa por gastar más y dar más crédito, sino por reducir la deuda existente. - Miss Marple El Sistema (al depender del ahorro externo) es tan fuerte como el más debil de sus eslabones. - Eddy Tanto si piensas que puedes, como si piensas que no puedes, estás en lo cierto. -Henry Ford Última edición por UNKPAR; 23-oct-2009 a las 23:41 |
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| Vaya nochecita... El 101 de 2.009 en USA (y el 20 de Georgia) 5866 American United Bank, Lawrenceville, Georgia assets of $111 million and total deposits of approximately $101 million. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $44 million FDIC: Press Releases - PR-187-2009 10/23/2009
__________________ la solución a la crisis no pasa por gastar más y dar más crédito, sino por reducir la deuda existente. - Miss Marple El Sistema (al depender del ahorro externo) es tan fuerte como el más debil de sus eslabones. - Eddy Tanto si piensas que puedes, como si piensas que no puedes, estás en lo cierto. -Henry Ford Última edición por UNKPAR; 23-oct-2009 a las 23:51 |
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| 5865 Bank Florida, Naples, Florida FDIC: Press Releases - PR-188-2009 10/23/2009 5864 Flagship National Bank, Bradenton, Florida FDIC: Press Releases - PR-189-2009 10/23/2009 |
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