Thread: Banks / Credit Unions that are in Trouble

Banks / Credit Unions that are in Trouble

All of these are links... go to the site and check out your bank

http://bankimplode.com/

"Imploded*" Banks:
General Implodes
Carnation Banc

Freemont General

Bear Stearns

Northern Rock PLC

Coast Bank

FDIC Failed Banks
IndyMac Bancorp Inc.

First Integrity Bank

ANB Financial

Hume Bank of Hume, Mo.

Douglas National Bank

Miami Valley Bank

NetBank

Metropolitan Savings Bank

Failed Credit Unions
St. Luke Baptist Federal Credit Union

Huron River Credit Union

Green Tree Federal Credit Union

Sharebuilders Federal Credit Union

Credit Union Conservatorships
Communities United Credit Union

Huron River Area Credit Union

Obelisk Federal Credit Union

Peoples First Choice Federal Credit Union

CAL State 9 Credit Union

Norlaco Credit Union

Zion United Community Credit Union

Writedown Rundown & General Distress:
Name - ($) writedowns / capital raised and loss provisions / level III assets
Citigroup - $69.1B/$36B/$22.7B

National City - $200M

Merrill Lynch - $37.5B/*/$34.4B

Lehman Brothers - $7.2B/$6B/$42

Wachovia - $6.8B/$10.5B/$30.4B

Bank of America - $4.4B/*/$31.4B

Barclay’s PLC - $6.4B/$7.8B

HBOS PLC - $2.5B/$4B

JP Morgan Chase -20$9.9B

Canadian Imperial Bank of Commerce(CIBC) - $6.7B

Wells Fargo - $2.9B/0/$23B

Morgan Stanley - $23.2B

Fifth Third Bancorp - $155M/$2B

Goldman Sachs - $6.2B

Washington Mutual - $1.6B
0A
Royal Bank of Scotland - $3.6B/$24B

Societe Generale SA- $13.7 /$8.5B

BNP Paribas SA-$2.5B/ $0 cash

UBS - $45.0B/$41.5B

Royal Bank of Canada - $1.4B

more...


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Bank Implode Blog Exclusives:
Risk is the price of reward, the only problem is some of us overpay!

The origins of the next step of my investment thesis

A glance at HSBC - Did the market miss this one?

Goldman Sa chs Snapshot: Risk vs. Reward vs. Reputations on the Street

CDS stand for Credit Default Suckers

A Black Swan Swims Across the Pond

Even the most bearish fail to see the risk that stalks the banking world

The BIS Conference in Europe

Financial company execs and leadership opinions

Citi’s Dark Profits

Denial

JP Morgan to buy Wachovia in Bailout Scam

Citi Scales Down and Screws Up

IndyMac: Significant Seizure Chatter - Is This the End? Finally!

Finger In The Dike

(More from B-I staff...) (More from Reggie Middleton...) (All-blog RSS feed )
Top Banking Bust News Network Pickups:
SEC Report On Examination of Credit Ratings Agencies [2008-07-15] - The title of the report says it all: "Issues Identified in the Commission Staff's Examinations of Select Credit Rating Agencies...
SEC Preparing For the Perfect Storm? [2008-07-15] - The Securities and Exchange Commission said Tuesday that it will try to limit so-called "naked" short selling of shares in Fanni...
Bush: This Isn’t A Bailout [2008-07-15] - "From our Commander-in-Chief this morning, speaking on the bailout, I mean assistance, for Fannie Mae and Freddie Mac"
More eery similarities to the Great Depression [2008-07-15] - "Many blamed the short-sellers for the stock market crash in 1929 and for difficulties in the following years in staging a rebou...
Sen. Jim Bunning fixated on Fed messes [2008-07-15] - "Senator Jim Bunning (R-Kentucky) joins Ron Paul (R-Texas) as one of the few elected officials who understand one of the major r...
Bernanke's Hogwash - [2008-07-15]
WaMu's Plea Fo r Calm - [2008-07-15]
Analyst Whitney calls Wachovia prospects ‘bleak’ - [2008-07-15]
Confessions of a subprime lender: 3 bad loans - [2008-07-15]
The Bad Egg Theory - [2008-07-15]
More Layoffs Coming For WAMU - [2008-07-15]
Forget the house- Where’s a safe haven for my money, and who’s in trouble next? - [2008-07-15]
Wachovia Sets the Tone for a Rough Morning - [2008-07-15]
(older news) (RSS feed for news pickups )
Latest Forum posts:
RE: washington mutual layoffs - WAMU fair & caring. LOL. "Half this game is ninety percent mental." --Yogi Berra ... (Sat 7/12)
RE: How Much of FDIC's Insurance Fund Would Indy Use Up? - From the press release: http://www.fdic.gov/news/news/press/2008/pr08056.html "Based on preliminary analysis, the estimate... (Sat 7/12)
RE: It's Official - IndyMac Imploded - It's a whole new bank seizure enviro nment. Watch it live: http://abclocal.go.com/kabc/index Senior citizens trying to get into ... (Fri 7/1 1)
Anyone out there have money in a failed bank? - Reaching out to forum readers to see if any of you have gone through the rigmarole of having your bank fail, and if so, what wa... (Thu 7/10)
IndyMac Construction Loans on Housing Tracts 50+% Sour - It really bugs me when the large size members of the financial press are a few days behind the news, but often they dredge up a... (Wed 7/09)
Go to the forum!
Useful Bank-Implode Background Information
"Honest Abe" Capitalists
Richard Christopher Whalen

Constance Hunter

Ambrose Evans-Pritchard

Meredith Whitney

James Beeland Rogers

Dr. Marc Faber

Discount Windows
European Central Bank - Discount Window

Federal Reserve Discoun t Window

Bank of England - Liquidity Support Facility

National Credit Union Administration - Central Liquidity Facility

Central Banks
SWISS NATIONAL BANK

FEDERAL RESERVE SYSTEM

RESERVE BANK OF NEW ZEALAND

BANK OF CANADA

RESERVE BANK OF AUSTRALIA

BANK OF JAPAN

EUROPEAN CENTRAL BANK

Solutions & Alternatives
Depositors Insurance Fund

National Credit Union Administration - Share Insurance Estimator

TreasuryDirect

CDARS 50 Million FDIC Insurance Coverage

FDIC Insurance Calculator

Accounting - FAS 157/159
National City - $200M

Level 3 Assets

Blogroll
Economics & Finance:
iTulip
Russ Winter
Naked Capitalism
Mish's Global Econ.
TheMessThat GreenspanMade
Roubini Global Econ.
Immobilienblasen
Charles Hugh Smith
The Big Picture
Market Ticker
"Boom, Bust & Bling"
Paper Money Blog
EconomyInCrisis
Mortgage and Credit:
Housing Wire
Blown Mortgage
Loan Modification News
Foreclosure Help
The Mortgage Fraud Blog
"Last NLC"
"OptionARMageddon"
Americans for Debt Relief

(link to this site as: bankimplode.com, bank-implode.com, or banks-implode.com)


"Imploded" Banks: The "imploded" list contains banks which have gone through some sort of permanent adverse change. This of course includes regulator-declared "faiures" and conservatorships/receiverships, as well as private sector events such as "firesale" buyouts. While the financial entity may continue to operate, we post them here if they would not otherwise continue without some sort of "rescue". We focus on "implosions" since 2006.

Usage Note: This site changes rapidly, and some information may be inaccurate (particularly if it is very recent). You should always check other sources regarding information found here, and check with the companies themselves if you plan on doing business with them. And as always, please let us know if you have corrections, clarifications, or additions.

Legal disclosure: While we do strive to confirm all information presented here and qualify all doubtful items, the information on this site is neither definitive nor should it be construed as professional advice. It is a community site that depends on community feedback. Factual or alleged factual information presented here does not originate from bankimplode, and all commentary is purely the opinion of the author(s) of this site, unless otherwise quoted from other sources. You should consult your business party or a finance professional before making any decisions based on information found at this=2 0site.

Financial disclosure (good faith): The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.

http://bankimplode.com/

I may be wrong, but aren't many of these banks the ones who accept the matricular cards???? If they are, I would take every dime out and let them have their illegal alien clients and only those clients.

Originally Posted by miguelina

I may be wrong, but aren't many of these banks the ones who accept the matricular cards???? If they are, I would take every dime out and let them have their illegal alien clients and only those clients.

I'm not sure . But what a great project for a reseach student . I 'ld like an answer to that question myself