Thread: The Bank Implode - O - Meter (All of these are Links)

(All of these are Links) go to the site to view your banks problems

http://bankimplode.com/

"Imploded*" Banks:

General Implodes

Carnation Banc

Freemont General

Bear Stearns

Northern Rock PLC

Coast Bank

FDIC Failed Banks

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 so far (does not include loss reserve increases or remaining exposure)

HBOS PLC - $2.5B/$4B

Citigroup - $69.1B/$36B/$22.7B

JP Morgan Chase - $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

Barclays PLC - $6.4B/$7.8B

Lehman Brothers - $7.2B/$6B

National City - $200M

Royal Bank of Scotland - $3.6B/$24B

Societe Generale SA- $13.7 /$8.5B

BNP Paribas SA-$2.5B/ $0 cash

Merrill Lynch - $37.5B

Wachovia - $6.8B/$10.5B

Washington Mutual - $1.6B

UBS - $45.0B/$41.5B

Royal Bank of Canada - $1.4B

Bank of Montreal (BMO) - $611M

more...

Bank Implode Blog Exclusives:

GE: the Uberbank???

How Hard Does CA Hit the 2nd Liens?

It Appears as if MBIA and Ambac Plan on Stiffing the Banks

Doo Doo 32 Bank Drill Down 1.5: The Forensic Analysis of Wells Fargo

The Anatomy of a Sick Bank!

Sometimes, if You Put Your Money Where Your Mouth is, You Should Brush Your Teeth First!

Regarding Lehman: a Common Sense Approach Asks a Lot of Questions

For the Ignorance Arbitrage Business Model, the End Game Nears

Lehman, the Lying Lemon Lemming Anecdotal Timeline?

Doo-Doo Bank 32 Drill Down - Part 3, Sun Trust Bank

Merrill’s Cut Deeper than Before

Bears in the Hedges

Financial Firms are Cracking

JP Morgan Bailout or Wachovia Buyout?

CIBC’s Billion Dollar Big Hit

(More from B-I staff...) (More from Reggie Middleton...) (All-blog RSS feed ) Top Banking Bust News Network Pickups:
Barclays warns of a financial storm as Federal Reserve's credibility crumbles [2008-06-27] - Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Re...
Agency Mortgage-Bond Yield Spreads Rise to Highest Since March [2008-06-27] - ``The difference between yields on the Bloomberg index for Fannie Mae's current-coupon, 30-year fixed-rate mortgage bonds and 10...
MBIA Position `Tenuous' After Moody's Downgrade, Fitch Says [2008-06-27] - "MBIA Inc. faces a ``tenuous situation'' as the bond insurer seeks to cover payments and collateral calls on $7.4 billion of sec...
AIG Absorbs $5 Billion Securities Lending Loss [2008-06-27] - "Repeating a pattern of larger than previously announced writeoffs prevalent in the entire financial sector, AIG to Absorb $5 Bi...
Bloggers’ Influence on Consumers Continues to Rise [2008-06-27] - "Forrester Research highlights the growing importance of bloggers in influencing consumer behavior in a new report advising busi...
Will Ratchet Rights Produce Zombie Banks? - [2008-06-27]
Fish Kill Watch - [2008-06-27]
Lehman president, CEO to give up bonuses - [2008-06-27]
Merrill may write down $5.4 billion in Q2 - [2008-06-27]
Financial Experts Reassure Nervous Investors - [2008-06-27]
Australia Banks Hoard Cash, Set Up Swapping Program - [2008-06-27]
Bill Gross on Inflation & Recession - [2008-06-27]
The End of Exceptionalism? IMF to Examine US Financial System - [2008-06-27]

(older news) (RSS feed for news pickups )

(All of these are Links) go to the site to view your banks problems

http://bankimplode.com/

Here is an example of -

Bear Stearns
Posted on March 16th, 2008 in other implodes

2008-03-16:

JP Morgan is going to devour Bear Stearns for $2.00 per share (another article). That’s a meal folks not a rescue. After the steroid and credit crack-rush wore off the end came suddenly in the last year of the 85 year old bank’s history. But this is only the beginning of the big bank failures, we surmise.

At the time of implosion, we had $2.7B for Bear’s total writedowns in this crisis.

2008-03-15:

Make no mistake Bear Sterns has IMPLODED. The discussions now involve only when to remove the life support and where to transfer the body.

Sources in the US say talks with potential suitors have already begun, with Royal Bank of Scotland and JC Flowers, the private equity firm, named among the interested parties. A spokesman for RBS vigorously denied any involvement.

The funeral could be as early as Monday.

S&P lowered its long-term counterparty credit rating on Bear to “BBBâ€