(Crain’s) — Federal banking regulators are seeking bidders for as many as seven troubled local banks, including Rockford-based Amcore Bank. Bids for Amcore are due April 15 to the Federal Deposit Insurance Corp., Crain’s has learned.
Posts Tagged ‘Loan Losses’
Feds seek bids for up to seven Chicago-area banks
March 11th, 2010
Before You Invest MB Financial rejiggers CEO Feiger’s pay to meet TARP rules
December 7th, 2009
Before You Invest (Crain’s) — MB Financial Inc. CEO Mitchell Feiger will see his salary jump 58% to $1.1 million next year as the Chicago-based bank holding adjusts senior executives’ pay to reflect the inability to pay bonuses, a restriction the federal government imposes on lenders participating in the bailout program.
International Monetary Fund now estimates global bank losses at $3.4 trillion
November 8th, 2009
Before You Invest The International Monetary Fund (IMF) has reduced its estimate of global bank losses by $600 billion – but warned the new figure of $3.4 trillion could rise further due to high unemployment rates across the world pushing up loan losses.
Rising security values combined with a new way of calculating losses are to thank for the improvement on the original $4 trillion deficit calculated in April.
But the IMF says that around another $1.5 trillion worth of loan writedowns will hit banks by the end of 2010.
Five banks shut down by regulators on Friday
August 1st, 2009
Before You Invest
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