corus bankshares
| 6:10PM 11/04/2009
Veteran Wall Street analyst Richard Bove caused quite a stir among bankers last summer with a research note that called out 24 mostly small and midsize financial institutions. Bove said they were endangered by rising levels of delinquent mortgages and other toxic assets.
The decision to publish...
| 11:00AM 8/14/2009
Since the beginning of 2009, 72 banks have failed; based on an analysis done by Bloomberg, 150 more are at risk. The culprit is all-too-familiar: according to the Bloomberg study, these endangered banks are in trouble because five percent or more of the loans they hold are nonperforming. That means...
| 1:15PM 8/07/2009
Which bank will be the next to fail? Of course, it's impossible to know for sure. But with losses mounting, some lenders have been forced to admit they're in dire condition.
Guaranty Financial Group (GFG) made headlines late last week when it said it was "probable" that regulators would seize its...