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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 - ($) Pain Factor (writedowns and charge-offs + capital raised + loan loss reserves growth + level III growth)
- Lehman Brothers - $55.2B
- JP Morgan Chase - $19.5B
- Morgan Stanley - $24.0 B
- Bank of America - $51.3B
- Wachovia - $50.5B
- UBS - $92.5B
- Royal Bank of Scotland -$41.7B
- Citigroup - $144.5B
- BNP Paribas SA - $3.3B
- Commerzbank - $1.06B
- Societe Generale - $30.1B
- HSBC Bank PLC - $27.7B
- Credit Suisse - $94.5 B
- Deutsche Bank - $155.1B
- HBOS PLC - $19.0 B
- Merrill Lynch - >$83.5 B
- Washington Mutual - $28.6B
- National City - $14.9B
- Fifth Third Bancorp - $3.6 B
- SunTrust - $2.0B
Bank Implode Blog Exclusives:
- Footsteps
- Dark Star
- Lehman Brothers Circus of Tricks
- Will Wachovia Survive?
- Shaken
- GGP Shenanigans: How much value do you place on the credibility of management?
- A Royal Mess
- Barclays Writes Um Down and Sells Um Off
- Commerzbank Boasts Profits
- BNP Sinking in Subprime Waters
- Societe Generale
- HSBC Hammered
- More Drama From Credit Suisse?
- Deutsche Bank Stumbles Into Earnings
- Spinn and BullSpit from HBOS
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Top Banking Bust News Network Pickups:
- Lawrence B. Lindsey on US Crony Capitalism [2008-08-20] - "Excellent video of Lawrence B. Lindsey, ex-Governor of the Federal Reserve System from 1991 to 1997, on CNBC followed by an art...
- Lehman In Deep Trouble [2008-08-19] - The requisite Mish round-up on Lehman commentary for the day.
- Paulson Playing Chicken With Markets [2008-08-19] - “Hank Paulson’s gamble is that if the Treasury commits to investing in Fannie and Freddie [if required] it will never have t...
- FHA Share of Mortgage Apps Soars: MBA [2008-08-19] - ``... of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (mostl...
- Freddie Note Sale Crimps Treasurys [2008-08-19] - Investors took Freddie Mac's sales of $3 billion five-year reference notes positively as foreign investors still showed up to bi...
- “Calling all cash: please report to AIG FP” - [2008-08-19]
- Fed's Fisher Says FOMC Cannot Risk Credibility, Must Act if Inflation Continues - [2008-08-19]
- First American Rolls Out Loss Mitigation Management Platform - [2008-08-19]
- Top Alt-A Mortgage Lenders in First Quarter 2008 - [2008-08-19]
- Large U.S. Banks May Fail Amid Recession, Rogoff Says - [2008-08-19]
- Lehman May Report $4 Billion Writedown, JPMorgan Says - [2008-08-19]
- M3 Contraction - The Future Is Now - [2008-08-19]
- Lehman’s Lethargy - [2008-08-19]
Latest Forum posts:
- RE: FDIC - will they need a bailout too? - Don't forget the red and blue silk threads in the paper. They'll need a lot of that too. Anyone who gives up liberty for securi... (Wed 8/13)
- Cost of locking a loan - I read on one of the ML forums the cost to a lender for locing a loan and what occurs when you break a lock. Does anyone have t... (Wed 8/13)
- RE: Bank of America and credit card fees - The link is no longer live. But I guess the banks will do whatever they can in times of distress, including outright plunder. I... (Thu 8/07)
- RE: Fred Leighton Auction Halted, Investment Bankers Frustrated - The situation with Fred Leighton Jewelers having to file a Now the cheap-but-true shot. Some of the stupidest loan officers I h... (Wed 8/06)
- Bank-owned loans vs MBS loans - Hi there -- I'm new to the forum and not as educated as most of you about the industry, but I hope you will indulge my relative... (Wed 8/06)
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. |