“1,000 Banks to Fail In Next Two Years: Bank CEO” By: Forked Tongue
By Daniel at 28 August, 2009, 9:57 pm
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“The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May.”
http://www.cnbc.com/id/32581463
“FDIC List of Problem Banks Surges, Putting Reserve Fund at Risk ”
“The U.S. added 111 lenders to its list of “problem banks,” a jump that suggests rising bank failures may force the Federal Deposit Insurance Corp. to deplete a reserve fund that shrank 40 percent this year.
A total of 416 banks with combined assets of $299.8 billion failed the FDIC’s grading system for asset quality, liquidity and earnings in the second quarter, the most since June 1994, the Washington-based FDIC said in a report today. Regulators didn’t identify companies deemed “problem” banks.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajDHMyQ5oDKs
UNOFFICIAL LIST OF THE WORST CONDITION BANKS IN AMERICA
http://www.moneyandmarkets.com/files/documents/X-List.htm#Toc211675100
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