Posted on 12 August 2009
Tags: banking lending rate, commercial real market, credit card, default, economic recovery, factory, Fed, Federal Reserve, financial crisis, home equity loans, home sales, interest rate, lending program, loan, policymakers, prime lending rate, real estate loans, refinancing, spend, workers
There are eminent signs that the economic recovery may finally be taking shape, but with dangers still hanging about, Federal Reserve policymakers are making sure to leave a key interest rate at a record low rate to make sure any emerging turnaround gains traction.
It is being anticipated that the worst recession since World War II is ending, and that the economy has started to grow again, or will soon. And with the economy turning a corner, the Fed also will weigh whether consumer lending programs intended to ease the recession and stem the financial crisis should be extended.
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Posted on 05 July 2009
Tags: bank failures, bank regulators, banking crisis, Banks, banks shutdown, campbell group, cmo, collateralized mortgage obligations, commercial loans, David Barr, failed banks, FDIC, holding companies, loan loasses, losses on the CMOs, real estate loans, Total number of failed banks, undercapitalized banks
Total number of failed U.S. banks has reached 52 during the year 2009 as seven more banks have been shut down by the bank regulators, this Thursday.
During the 2008-2009 banking crisis this was the largest number of bank failures in one week, it has exceeded the previous record which was five bank failures in a week and that record has been set just last week. 
The Street .com’s recent list of 89 undercapitalized banks and thrifts had included all of the seven failed banks. All the five banks that failed last week were also included in that list.
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