Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
On Monday, Indian newspapers reported that the board may appoint investment banks to explore the possibility of finding a buyer for Satyam. Since then, board member Tarun Das has said the company was approached by a potential buyer. Board members insist the company has solid cash flow and can continue...
What's more, to get many of these deals done, the FDIC has had to swallow the banks' riskiest assets. The FDIC now owns $15 billion in bank loans and other troubled debts, up from about $300 million at the end of 2006. In its most recent deal to sell...
Observers say that higher-than-average FDIC losses are a function of the market, not the FDIC's dealmaking prowess. Sources close to the IndyMac sale said there were only a handful of submitted bids, not all of which were to buy the whole bank. And while the FDIC has...
Still, some observers say the FDIC and other regulators need to do more to limit losses. If losses pile up faster for the FDIC than it can replenish its fund by taking in new insurance fees from banks, taxpayers could eventually be on the hook for its losses.
"It's not just the FDIC's fault," says Bert Ely, CEO of Ely & Co. "But it and other regulators are not moving fast enough to close problem banks and limit losses."