How not to clean up a bank failure
A recent failed-bank resolution in Europe may serve as a harbinger of how new authorities could cause problems in the U.S. and highlights the potential need for a modified bankruptcy process. ... Read full article
News Topic: Failures
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Spain's Popular was on verge of failure before takeover deal: ECB
Banco Santander stepped in to take over stricken rival Banco Popular Espanol in a deal brokered by regulators that imposes billions of losses on investors. ... Read full article
Guaranty Bank failure was not an indictment of in-store branch model
The acquirer of the failed Milwaukee bank passed on assuming control of 107 in-store locations, but drawing a sweeping conclusion about the state of in-store banking from one story is difficult. ... Read full article
Fayette County Bank becomes year's sixth failure
The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January. ... Read full article
‘Like humans do’: Comments of the week
Readers sound off on the use of AI in underwriting, the reasons for the failure of a Milwaukee bank, U.S. banks’ progress in adopting APIs, and more. ... Read full article
Guaranty failure exposes retail banking’s cracks
The acquirer of the failed Guaranty Bank took a pass on the latter’s 107 in-store branches, leading to their shutdown and a disruption in service for many low-income customers. ... Read full article
Were regulators too hasty in closing Milwaukee bank?
The top executives at Guaranty Bank said that, after years of struggles, the $1 billion-asset bank was a month or two away from raising the capital it needed to survive. ... Read full article
Guaranty Bank collapse marks second failure in two weeks
Guaranty Bank & Trust in Milwaukee was shut down by federal regulators Friday, just a week after one of the costliest failures since the crisis. ... Read full article
Is systemic risk a Dodd-Frank fallacy?
As Treasury Department officials review the Financial Stability Oversight Council’s designation process, they should also reexamine how the Dodd-Frank Act defines systemic risk. ... Read full article
North Carolina bank feels sting of New Orleans bank failure
Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter results by $441,000. ... Read full article
Former Tennessee Commerce exec admits to misleading FDIC
Lamar Cox pleaded guilty to hiding losses while the bank held government funds. Tennessee Commerce failed in 2012. ... Read full article
Incredible shrinking bank populations
The number of U.S. banks has fallen by 24% since the end of 2010, a result of mergers, failures and a dearth of de novo activity. Here are the 10 states with the biggest declines as a percentage of total banks headquartered in the state, according to ... Read full article
Proficio Bank becomes first Utah failure in six years
Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets. ... Read full article
Illinois state regulators close second bank of the year
The failure of Seaway Bank, once the nation's biggest black-owned bank, cost the FDIC $57.2 million. ... Read full article
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