Bank Failures

Bank of Clark County, Vancouver, WA
By FDIC — Bank of Clark County, Vancouver, WA was closed by the Washington Department of Financial Institutions and FDIC
Jan 16 2009, WASHINGTON, D.C., USA (.GOV)

National Bank of Commerce, Berkeley, IL
By FDIC — National Bank of Commerce, Berkeley, IL was closed by the Office of the Comptroller of the Currency and FDIC
Jan 16 2009, WASHINGTON, D.C., USA (.GOV)

Sanderson State Bank, Sanderson, TX
By FDIC — Sanderson State Bank, Sanderson, TX was closed by the Texas Department of Banking and FDIC
Dec 12 2008, WASHINGTON, D.C., USA (.GOV)

Haven Trust Bank, Duluth, GA
By FDIC — Haven Trust Bank, Duluth, GA closed by the Georgia Department of Banking and Finance and FDIC
Dec 12 2008, WASHINGTON, D.C., USA (.GOV)

Pecos County Bank Acquires All the Deposits of Sanderson State Bank
By FDIC — FDIC entered purchase and assumption agreement with Pecos County State Bank, Fort Stockton, Texas
Dec 12 2008, WASHINGTON, D.C., USA (.GOV)

First Georgia Community Bank, Jackson, GA
By FDIC — First Georgia Community Bank, Jackson, GA closed by the Georgia Department of Banking anb FDIC
Dec 05 2008, WASHINGTON, D.C., USA (.GOV)

BB&T Company Acquires All the Deposits of Haven Trust Bank, Duluth, Georgia
By FDIC — FDIC entered into a purchase and assumption agreement with Branch Banking & Trust (BB&T), Winston-Salem, NC, to assume all of Haven Trust's deposits
Dec 12 2008, WASHINGTON, D.C., USA (.GOV)

West Hartford Credit Union Closes
By National Credit Union Association — Connecticut Department of Banking Appoints NCUA Liquidating Agent; Member Funds Are Insured
Dec 05 2008, WASHINGTON, D.C., USA (NCUA)

PFF Bank and Trust, Pomona, CA
By FDIC — PFF Bank and Trust, Pomona, CA was sold
Nov 21 2008, WASHINGTON, D.C., USA (.GOV)

Downey Savings and Loan, Newport Beach, CA
By FDIC — Downey Savings and Loan Association, F.A. - Newport Beach, CA was sold
Nov 21 2008, WASHINGTON, D.C., USA (.GOV)

The Community Bank, Loganville, GA
By FDIC — The Community Bank, Loganville, GA was closed and FDIC named Receiver
Nov 21 2008, WASHINGTON, D.C., USA (.GOV)

Franklin Bank, SSB, Houston, TX
By FDIC — On November 7, 2008, Franklin Bank, SSB, Houston, TX was closed
Nov 07 2008, WASHINGTON, D.C., USA (.GOV)

Pacific Western Bank Acquires All the Deposits of Security Pacific Bank, Los Angeles, California
By FDIC — Security Pacific Bank, Los Angeles, California, was closed today
Nov 07 2008, WASHINGTON, D.C., USA (.GOV)

Fifth Third Bank Acquires All the Deposits of Freedom Bank, Bradenton, Florida
By FDIC — On October 31, 2008, Freedom Bank, Bradenton, FL was closed
Oct 31 2008, WASHINGTON, DC, USA (FDIC)

FDIC Closes Columbian Bank and Trust Company, Topeka, KS
By FDIC — Citizens Bank and Trust, Chillicothe, MO, Acquires the Insured Deposits of the Columbian Bank and Trust Company, Topeka, KS
Aug 22 2008, USA (.GOV) The Official Failed Banks List
By FDIC — A list of banks that have failed since 2000
2008, USA (.GOV)

UNOFFICIAL Troubled Bank List
By 'TubeGuy' — As of 06/30/2008
Jun 30 2008, USA (GEOCITIES)

'Dead Banks Walking'

Jim Rogers calls most big US banks "bankrupt"
By News Staff — Most of the largest US banks are "totally bankrupt, government efforts to fix the sector are wrongheaded
Dec 12 2008, NEW YORK, USA (ECONOMIC TIMES)

9,200 Washington Mutual jobs cut
By Catherine Clifford — WaMu had nearly 42,000 employees end of Q3, so 9,200 job cuts is more than 20 percent of WaMu’s head count at the time that it failed
Dec 01 2008, SEATTLE, WASHINGTON, USA (CNN)

Citi fund buying Spanish highways for $10 billion
By Steve Goldstein — Citigroup infrastructure fund is bidding 7.9 billion euros ($10.2 billion) to buy a Spanish highway operating firm
Dec 01 2008, NEW YORK, WASHINGTON, D.C., USA (MARKET WATCH/WSJ)

JPMorgan Plans To Ax The WaMu Suits
By Lisa LaMotta — Up to 19,000 employees of Washington Mutual face being laid off this weekend following JPMorgan Chase acquisition
Nov 28 2008, NEW YORK, USA (FORBES)

Citigroup collapses! Banking Shutdown Possible
By Martin D. Weiss, Ph.D. — Despite the massive government rescue, yesterday’s collapse of Citigroup could ultimately lead to a shutdown of the global banking system
Nov 24 2008, JUPITER, FLORIDA, USA (MONEY AND MARKETS.COM)

After Citigroup, is Bank of America next?
By News Staff — Concerns ease on Citigroup, but mines lurk in the balance sheets of rival Bank of America
Nov 25 2008, GURGAON, HARYANA, INDIA (INDIA TIMES)

Nearing the Century Mark
By Chris Carey — 95 banks identified that have been picked to sell preferred stock to the Treasury Department
Nov 22 2008, USA (BAILOUT SLEUTH.COM)

Pandit Needs to Move His Assets
By James Doran — Meredith Whitney believes Citigroup is such a basket case that even Stephen Hawking couldn't fix it
Nov 23 2008, NEW YORK, USA (NY POST)

Citigroup's Move Below $5 Could Trigger Major Selling
By News Staff — If Citigroup's stock remains below that level, it could trigger a wave of selling that would send the share price even lower
Nov 20 2008, NEW YORK, USA (CNBC)

Bank of America Acquires Culture of Corruption in Merrill Lynch Purchase, Warns Former Merrill Star Player
By Keith Schooley — Will BoA soon experience buyer's remorse over acquisition of Wall Street's fallen idol?
Oct 21 2008, ENID, OKLAHOMA, USA (MARKET WATCH)

Trouble in Banktopia
By Mike Whitney — The financial system is blowing up
Sep 29 2008, WASHINGTON, USA (ONLINE JOURNAL)

Dead Banks Walking?
By Bennett Sedacca — Are there banks and corporations that are "dead men walking"?
Aug 25 2008, FLORIDA, USA (MINYANVILLE)

FDIC

FDIC head: gov't rescue plan needs 'exit strategy'
By Marcy Gordon — Sheila Bair says government's financial rescue plan needs 'exit strategy'
Dec 02 2008, WASHINGTON, D.C., USA (AP/YAHOO)

Press Releases FDIC Expands Bidder List for Troubled Institutions
By FDIC — FDIC is establishing a modified bidder qualification process to expand the pool of qualified bidders for the deposits and assets of failing depository institutions
Nov 26 2008, WASHINGTON, D.C., USA (.GOV)

Top Economist: Americans Should Worry About Bank Deposits if Congress Doesn't Act
By Aaron Task — FDIC fund has about $50 billion to "insure" about $1 trillion in assets
Sep 15 2008, NEW YORK, USA (YAHOO)

Federal Deposit Insurance Corporation
By FDIC — Official FDIC website
2008, NEW YORK, USA (.GOV)

Glass-Steagel Act

Brave New World
By Public Campaign — Repeal of Glass-Steagel: the day big money in politics won its biggest victory
Oct 27 1999, WASHINGTON, D.C., USA (PUBLIC CAMPAIGN.ORG)

Central Banks

The Strange Case of Falling International Reserves
By Hugo Salinas Price — Suddenly, since August, Reserves have stopped growing.
Nov 06 2008, MEXICO CITY, MEXICO (FINANCIAL SENSE)

Central Bank statistics
By NowAndFutures.com — Foreign central bank forecasting and watching
2008, USA (NOWANDFUTURES.COM)

Panama Has No Central Bank
By David Saied — How a system of market-chosen monetary policy works for Panama
Apr 26 2007, AUBURN, ALABAMA, USA (LUDWIG VON MISES INSTITUTE)

Nationalization of Banks

Don't bet on bank nationalization
By David Ellis — Investors can't seem to shake the notion the U.S. will seize control of a big bank, but experts don't think that's likely
Jan 22 2009, NEW YORK, USA (CNN)

Colossal Financial Collapse: The Truth behind the Citigroup Bank "Nationalization"
By F. William Engdahl — On Nov 21st, the world came within a hair’s breadth of the most colossal financial collapse in history according to bankers on the inside
Nov 24 2008, MONTREAL, QUEBEC, CANADA (GLOBAL RESEARCH)

Lakota Launch Private Bank for Only Silver and Gold
By 'Jasonkolb' — the Free & Independent People of Lakota open the world's first non-reserve, non-fractional bank, accepting only silver and gold currencies for deposit
Nov 24 2008, USA (MARKET TICKER FORUM)

Public Ownership -- But No Public Control
By Robert Weissman — United States to buy $250 billion in new shares in banks in so-called "equity injection"
Oct 14 2008, NEW YORK, USA (HUFFINGTON POST)

U.S. May Take Ownership Stake in Banks
By Andrews & Landler — Treasury considers taking ownership stakes in many United States banks
Oct 08 2008, NEW YORK, USA (NY TIMES)

British government steps in to nationalize banks
By News Staff — British government announces 50 billion pounds ($87.5 billion) plan to partly nationalize major banks
Oct 08 2008, LONDON, ENGLAND (CTV/AP)

Shadow Banking System

The Shadow Banking System is Unravelling
By Nouriel Roubini — Shadow system did not have access to firewalls that ­prevent runs, like traditional banks
Sep 21 2008, USA (RGE MONITOR)

Beware our shadow banking system
By Bill Gross, Pimco — We have a secret banking system built on derivatives and untouched by regulation
Nov 28 2007, NEW YORK, USA (FORTUNE)

Banks, General

Former Bear Stearns CEO Greenberg Says Investment Banks ‘Gone’
By Hester & Cook — Former Bear Stearns CEO says the investment-banking model he helped pioneer is “gone"
Dec 05 2008, NEW YORK, USA (BLOOMBERG)

Bank Julius Baer CEO dies unexpectedly
By Katie Reid — Chief executive of Bank Julius Baer commits suicide
Dec 05 2008, ZURICH, SWITZERLAND (REUTERS)

Three Great Banking Documentaries
By News Staff — A review of three films examining the banking system
Nov 11 2008, USA (GAMING THE MARKET)

Global Financial Meltdown: Sweeping Deregulation of the US Banking System
By Michel Chossudovsky — A study of the progressive elements of the banking system's demise
Oct 17 2008, MONTREAL, QUEBEC, CANADA (BLOOMBERG)