Interesting … the nation’s banks have just been given a stress test by the Investigative Reporting Workshop, a project of the School of Communication at American University. Using June 2009 figures, they calculated a troubled asset ratio for every bank and credit union in the country.
According to MSNBC:
“While it is not an official [...]
Filed under: Banking | Tagged: banks, credit unions, risk | Leave a Comment »
In a little-noticed article in Friday’s Missoulian, a major controversy with one of the regional banks was brought to our attention. Sterling Savings Bank, headquartered in Spokane and the largest Washington-based bank, also has branches in Missoula, Billings, Bozeman, Hamilton, Livingston and Big Timber.
It may be the first bank operating in [...]
Filed under: Banking, Government bailouts | 1 Comment »
Starting today four on the nation’s biggest banks stopped accepting IOUs from the cash-strapped state of California.
Check the list:
Bank of America,
JPMorgan Chase & Co.,
Wells Fargo & Co., and
Union Bank of California.
Recognize some of the names? Yep, they’re many of the same ones that you and I bailed out with federal [...]
Filed under: Banking, Financial Crisis, Government bailouts | Leave a Comment »
