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August 29, 2008 |
Integrity Bank Becomes 10th U.S. Failure This Year
Bloomberg
Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression. |
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August 28, 2008 |
Russia may cut off oil flow to the West
Telegraph (UK)
Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea. |
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August 27, 2008 |
Short of cash: FDIC may borrow money from Treasury
Reuters
Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported. |
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August 26, 2008 |
Biggest quarterly drop in home prices ever
Yahoo! News
A widely watched index released Tuesday showed home prices dropping by the sharpest rate ever in the second quarter, but the data for June suggest the severity of the housing slump may be waning. |
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August 26, 2008 |
Global bankers flocking to Dubai
Bloomberg
Christopher Laing, a managing director at Deutsche Bank AG in London, moved with his wife and twin boys to Dubai this month, joining a rush to the only region in the world where fees earned by securities firms are growing. |
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August 24, 2008 |
FDIC gets ready for bank failures
Miscellaneous
The Federal Deposit Insurance Corp. is one of those agencies with a low profile but essential role similar to plumbing or electricity — you don't notice it until the power's out or the basement's flooding. |
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August 19, 2008 |
Credit crunch may take out large US bank warns former IMF chief
TimesOnline (UK)
The deepening toll from the global financial crisis could trigger the failure of a large US bank within months, a respected former chief economist of the International Monetary Fund claimed today, fuelling another battering for banking shares. |
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August 19, 2008 |
Large U.S. Banks May Fail Amid Recession, Rogoff Says
Bloomberg
Credit market turmoil has driven the U.S. into a recession and may topple some of the nation's biggest banks, said Kenneth Rogoff, former chief economist at the International Monetary Fund |
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August 19, 2008 |
National City Bonds Show Defaults KeyCorp Can't Deny
Bloomberg
National City Corp. Chief Executive Officer Peter Raskind says Ohio's biggest lender is the ``best capitalized of all major U.S. banks'' after raising $7 billion this year, yet its bonds show it's at risk of default. |
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August 18, 2008 |
Bernanke Tries to Define What Institutions Fed Could Let Fail
Bloomberg
Ben S. Bernanke is still trying to define which financial institutions it's safe to let fail. The longer it takes him to decide, the tougher the decision becomes. |
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