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1

Bank's Floating-Rate Note Bomb Will Create More Demand for Deposit Dollars and Higher Rates
Submitted by Sam Cass  (bestcashcow.com)

Banks will have to refinance an estimated $787 billion in floating-rate notes by the end of 2009. They need money to refinance. Guess one place they'll go to get it?

Article | Updated Aug 27, 2008 | Views: 46 | Comments: 0
Tags: banks, floating rate notes

1

FDIC Quarterly Banking Profile Paints Grim Picture of Banking Sector
Submitted by Sam Cass  (bestcashcow.com)

The FDIC released their Quarterly Banking Profile today and it looks pretty grim. Net banking income declined 87% and the number of problem banks grew from 90 to 117.

Article | Updated Aug 26, 2008 | Views: 16 | Comments: 0
Tags: banking, banks

2

High CD Rates at KeyDirect and KeyBank
Submitted by ktexas  (bankdeals.blogspot.com)

KeyDirect has some very competitive CD rates, and you now can get an extra bump of 25 basis points when you have the Key Advantage Checking. With the checking, the best rates include 4.55% APY...

Article | Submitted Aug 20, 2008 | Views: 81 | Comments: 0 
Tags: cd rates, banks, cds, certificate of deposit, keydirect, keybank

1

Another lawsuit against Countrywide
Submitted by RealEstateMan  (bestcashcow.com)

Conn. lawsuit says that Countrywide misled borrowers. Associated Press / August 7, 2008

Article | Updated Aug 8, 2008 | Views: 81 | Comments: 1
Tags: mortgages, real, estate, banks, finance

2

Calculating FDIC and NCUA Insurance
Submitted by chriscd  (knol.google.com)

A guide to figuring out how much of your money is insured at an FDIC insured bank or NCUA insured credit union.

Article | Submitted Aug 4, 2008 | Views: 89 | Comments: 0 
Tags: banks, credit unions, fdic, ncua, federal insurance

1

A Small Florida Bank is Closed, FDIC Arranges for SunTrust to Take over Insured Deposits
Submitted by ktexas  (www.fdic.gov)

Below are excerpts from the FDIC's press release. One thing to note is that like IndyMac's closure, the FDIC is covering 50% of the uninsured deposits. The one big difference is there were only $13...

Article | Submitted Aug 1, 2008 | Views: 113 | Comments: 0 
Tags: banks, fdic, bank closure

1

Look Inside IndyMac and its Downfall
Submitted by ktexas  (www.nytimes.com)

What a bank president doesn't want to hear from from the OTS... IndyMac executives suspected the end was near even before the regulators turned up. Examiners do not warn banks they are coming,...

Article | Submitted Jul 29, 2008 | Views: 71 | Comments: 0 
Tags: banks, indymac, fdic, bank closure

1

Two More Banks Fail
Submitted by ktexas  (www.fdic.gov)

From the FDIC press release: "First National Bank of Nevada, Reno, Nevada, and First Heritage Bank, N.A., Newport Beach, California were closed today by the Office of the Comptroller of the...

Article | Submitted Jul 26, 2008 | Views: 190 | Comments: 1 
Tags: banks, fdic, bank closure

2

High CD Rates from Major Banks - Bank of America, WaMu, Wachovia
Submitted by ktexas  (bestcashcow.com)

You know the competition for deposits is heating up when Bank of America comes out with a competitive CD rate.

Article | Updated Jul 21, 2008 | Views: 2763 | Comments: 7
Tags: bank of america, cd rates, savings, banks, wachovia, certificate of deposit, wamu

1

The Coming Bank Failures
Submitted by ktexas  (calculatedrisk.blogspot.com)

This is a good blog post with some history of past bank failures and what we may expect in the future. A chart shows how bad it got in the late 80's and early 90's. Hope it doesn't get that bad...

Article | Submitted Jul 14, 2008 | Views: 237 | Comments: 0 
Tags: banks, indymac, fdic, bank falures

1

IndyMac Bank is the fifth FDIC-insured failure of the year
Submitted by ktexas  (www.fdic.gov)

The Feds have finally stepped in. Hope everyone who follows BCC had under the FDIC insured limits. There were definitely plenty of warnings. Here's the first part of the FDIC's press release:...

Article | Submitted Jul 11, 2008 | Views: 344 | Comments: 1 
Tags: banks, indymac bank, fdic, bank failure

2

Chinese Banks Hit by Consumer Shift from Savings Accounts Into CDs
Submitted by Sam Cass  (bestcashcow.com)

Chinese consumers have been socking away money in time deposits (what we call CDs) for the last year and while you would think banks might like it, they don't. Banks worldwide suffer when...

Article | Updated Jul 7, 2008 | Views: 79 | Comments: 0
Tags: banks, chinese banks

1

Best Online Banks: It’s Not Just About Rates
Submitted by ktexas  (www.bargaineering.com)

This blog post has a good discussion on some of the important features from online banks besides high rates. An important feature for me is the ability to easily link to my other bank accounts....

Article | Submitted Jul 3, 2008 | Views: 177 | Comments: 0 
Tags: savings accounts, banks, online savings accounts, online banks, internet banks



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