|
|
Seeing Bad Loans, Investors Flee From Bank Shares
Summary from United States, from articles in English
|
While a fraction of the nation's banks are expected to buckle under their growing burden of bad loans, federal regulators, bank executives and analysts agree that the vast majority of institutions are sound. (article 6)
The failure of IndyMac, one of the biggest banks to go under in US history, has sparked fresh fears about the survival of other lenders exposed to the faltering mortgage market. (article 3)
Regulators had already warned about an increase in bank failures in the coming months, not least as the fallout from the credit crisis and the deterioration in the housing market spilled over into the "real" economy. (article 3)
Banks in Colorado, Maryland, Georgia and California top privately-prepared lists of troubled banks being circulated on Wall Street and in Washington. (article 8)
The lists use versions of the so-called "Texas ratio" which compare a bank's assets and reserves to its non-performing loans, based on financial data made public by the FDIC in March. (article 8)
Even as the Bush administration moved to rescue the nation's two largest mortgage finance companies, confidence in the banking sector spiraled downward Monday. (article 4)
As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail over the next year. (article 5)
|
Other stories about Indymac, Bank and FDIC:
Event tracking:
Story keywords
|
Indymac, Bank, FDIC, Deposits, regulators |
Source articles
- Analyst warns on Wachovia amid more bank worries (Washington Post, 07/15/2008, 448 words)
- Banks facing investor wariness (boston.com, 07/15/2008, 439 words)
- Failure raises concern for regional banks (ft.com, 07/15/2008, 686 words)
- Confidence Ebbs for Bank Sector and Stocks Fall (nytimes.com, 07/15/2008, 1258 words)
- Analysts Say More Banks Will Fail (nytimes.com, 07/14/2008, 856 words)
- Seeing Bad Loans, Investors Flee From Bank Shares (nytimes.com, 07/16/2008, 908 words)
- INDYMAC BANK SEIZED BY FEDS AFTER STUNNING COLLAPSE FROM BAD MORTGAGES (NY Post, 07/15/2008, 326 words)
- ABC News: Who's Next? List of Troubled Banks Worries Wall Street, DC (ABCNews, 07/15/2008, 432 words)
|
|
blaster@cs.columbia.edu
|
