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Your play-by-play for the end game of modern banking.
"Imploded*" Banks:
General Implodes
FDIC Failed Banks
Failed Credit Unions
Credit Union Conservatorships
Writedown Rundown & General Distress:
Name - ($) writedowns so far (does not include loss reserve increases or remaining exposure)
- Merrill Lynch - $37.5B
- Bank of America - $4.4B
- Wachovia - $6.8B/$10.5B/$30.4B
- Barclay’s PLC - $6.4B/$7.8B
- Lehman Brothers - $7.2B/$6B
- 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
- National City - $200M
- Royal Bank of Scotland - $3.6B/$24B
- Societe Generale SA- $13.7 /$8.5B
- BNP Paribas SA-$2.5B/ $0 cash
- Washington Mutual - $1.6B
- UBS - $45.0B/$41.5B
- Royal Bank of Canada - $1.4B
Bank Implode Blog Exclusives:
- 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
- Doo Doo Bank 32 Full Forensic Analysis: Sun Trust Bank, it ain’t pretty!
- More on Bank of Amercia and Countrywide
- Housing seems to have a long way to fall
- I really wonder about the Bank of America Countrywide Acquisistion
- Finger In The Dike
- Mozilo Broke It, Now Bank of America Owns It
- Wachovias About Face on Option ARMS
- The Man Behind The Curtain
- GE: the Uberbank???
- How Hard Does CA Hit the 2nd Liens?
- It Appears as if MBIA and Ambac Plan on Stiffing the Banks
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Top Banking Bust News Network Pickups:
- UK bank B&B ups rights issue size after TPG quits [2008-07-05] - "July 4 (Reuters) - Bradford & Bingley on Friday increased its rights issue to 400 million pounds ($794 million) after U.S. inve...
- Tent Sales Up As Vacationers Stay Closer To Home [2008-07-05] - "Cash strapped families are cutting hotel and fuel costs by vacationing closer to home. In yet another sign of the times, Tent s...
- A Little Wierdness On A Saturday Morning [2008-07-05] - "Is there a relationship between these two articles? I’m not saying- I’m just asking. "
- Barron's: Back in the Pool [2008-07-05] - "Barrons had a bull at the pool, on the Cover a few months ago and almost 2000 points ago too." Then the Bear this week...holy m...
- Barron's: The Bear's Back [2008-07-05] - "This week's cover story has a nice wrap up of the current market, along with some good research from the boys at the Bespoke Gr...
- Mr Mortgage: Mortgage Modifications Part 2 - Being Forward Thinking - [2008-07-05]
- Hoisted From Comments: Has Neo-Liberalism Failed to Deliver the Goods? - [2008-07-05]
- On Banks Ignoring Risk Warnings From the Troops - [2008-07-05]
- Fed's Bear portfolio shrinks more than $1 bln - [2008-07-05]
- The rate of option ARM delinquencies is already spiking - [2008-07-04]
- Merrill’s desperate: Bloomberg stake on the block - [2008-07-04]
- St. Louis Fed’s Approach to Monetary Policy Won’t Change - [2008-07-04]
- ``The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants'' - [2008-07-04]
Latest Forum posts:
- NCUA Liquidates Sterlent and Cal State 9 Credit Unions - http://www.ncua.gov/news/press_releases/2008/MA08-0701.htm http://www.sacbee.com/103/story/1053377.html Fresh off the newswires... (Wed 7/02)
- RE: Pasadena Star News Website Hacked to Stop Disintermediation? - So what was your point in starting the thread? WHAT HAVE YOU DONE TO PUT A SMILE ON SOMEONE'S FACE TODAY???? ... (Tue 7/01)
- RE: Chance of IndyMac Bank FSB Being Put in FDIC Receivership? - Yes, they will be changing. Several managers had been told to either bail or sit tight for a rough ride. They knew what was com... (Mon 6/30)
- RE: washington mutual layoffs - WM is now just a lousy bank. It was not always so. Their investment brokerage is the C- player in the bank brokerage sector, th... (Fri 6/13)
- Millenium Bancshares... it's not pretty. - http://www.federalreserve.gov/newsevents/press/enforcement/enf20080603a1.pdf ... (Fri 6/06)
Useful Bank-Implode Background Information
"Honest Abe" Capitalists
Discount Windows
Central Banks
Solutions & Alternatives
Accounting - FAS 157/159
Blogroll
Economics & Finance:
- iTulip
- Russ Winter
- Naked Capitalism
- Mish's Global Econ.
- TheMessThatGreenspanMade
- Roubini Global Econ.
- Immobilienblasen
- Charles Hugh Smith
- The Big Picture
- Market Ticker
- "Boom, Bust & Bling"
- Paper Money Blog
- EconomyInCrisis
Mortgage and Credit:
(link to this site as: bankimplode.com, bank-implode.com, or banks-implode.com)
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"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 site. Financial disclosure (good faith): The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.  The content of this site is available under a Creative Commons Attribution 2.5 License. |