Monday, December 27, 2010

There are two U.S. bank failure compounded the financial industry.

U.S. Comptroller of the Currency 25, announced the closure of First National Bank of Nevada and First Heritage Bank of California, both financial institutions and sold to Mutual of Omaha '. .Some analysts said the collapse of two banks has fallen into a crisis of confidence on the U.S. financial industry, is nothing more than worse. .<P> (Http://finance.) This year, the two banks is also the sixth and seven for the U.S. housing market and the collapse of the subprime mortgage crisis bankrupt financial institutions. .Two weeks ago, the Federal Deposit Insurance Corporation took over the party ordered to Bank Indy Mac, the bank run and therefore the people scenes there, and now why he did not re-transmission of two banks closed down, has been plunged into a crisis of confidence on the U.S. financial industry will then be a major .blow. .Officials said the two under the financial holding company's First National Bank of Jieyou capital shortage. .Headquartered in Reno, Nevada, First National has 34 billion in assets, deposits of $ 3,000,000,000; headquartered in Newport Beach, California, traditionally the first 254 million assets, deposits of 233 million. .FDIC said the depletion of property transfers about $ 862,000,000 of its insurance Kikinda, FDIC contractor for the approximately 8,500 financial institutions, deposit insurance, the total amount of about 13.4 trillion dollars, which the two banks accounted for only 0.3%. .The two banks of 28 branches in Omaha next week will be re-linked to re-sign the bank operations, the company will generally take all depositors, including the deposit amount is higher than the federal deposit insurance limit depositors will automatically become depositors of Omaha Bank ., the total deposit amount unchanged. .Holiday weekend, the two bank account if you need money, can still be used as usual checks, ATM cards or cash advance. .FDIC said that Omaha Bank currently has more than 750 million U.S. dollars in assets, its parent company, 'Omaha Mutual Insurance Financial Services Group', the total assets of up to 190 billion U.S. dollars. .Although concerns about the U.S. banking industry, or even until next year there will be more banks why he did not bankrupt, but this time not lost their desire to see a similar size and Indy Mac failure of financial institutions. .The end of March this year, Indy Mac is still 32 billion U.S. dollars of assets, total deposits of about 190 billion U.S. dollars. .FDIC Indy Mac was taken over two weeks ago, the Department's third-largest financial banking institutions to take over the federal case is expected to depletion from 4000 to 8000 million U.S. dollars of the insurance fund. .According to legend, FDIC intends to sell the assets of Indy Mac. .</ P>.

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