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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 - ($) writedowns / capital raised and loss provisions / level III assets
- Washington Mutual - $3.8B/$7.0B/*
- Fifth Third Bancorp - $499M/$2B
- Wachovia - $12.9B/$10.5B/$30.4B
- HBOS PLC - $2.5B/$4B/*
- Bank of America - $5.6B/*/$31.4B
- Citigroup - $83.3B/$36B/$22.7B
- Merrill Lynch - $47.25B/$34.4B/*
- JP Morgan Chase - $11.0B/*/$6B
- Wells Fargo - $2.9B/0/$23B
- US Bancorp - $1.6B/*/*
- National City - $200M
- Lehman Brothers - $7.2B/$6B/$42
- Barclay’s PLC - $6.4B/$7.8B
- Canadian Imperial Bank of Commerce(CIBC) - $6.7B
- Morgan Stanley - $23.2B
- Goldman Sachs - $6.2B
- Royal Bank of Scotland - $3.6B/$24B
- Societe Generale SA- $13.7 /$8.5B
- BNP Paribas SA-$2.5B/ $0 cash
- UBS - $45.0B/$41.5B
Bank Implode Blog Exclusives:
- There are banks on and off the Doo Doo 32 list that are under-reserving for losses
- Doo Doo 32 Bank Drill Down 1.5: The Forensic Analysis of Wells Fargo
- PNC Q208 Highlights
- Wells Fargo Q208 highlights
- Bank losses will increase in California
- Risk is the price of reward, the only problem is some of us overpay!
- The origins of the next step of my investment thesis
- A glance at HSBC - Did the market miss this one?
- Goldman Sachs Snapshot: Risk vs. Reward vs. Reputations on the Street
- WaMu Second Quarter Psychosis
- Omen for Fith Third
- Wachovia is not Delivered
- Bank of America’s First CountryWide Report
- Citigroup Loses Three Straight
- Merrill Lynch is Burning
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Top Banking Bust News Network Pickups:
- 2nd Mortgage Holders (Banks) Now to be Bailed Out Too - Breaking! [2008-07-23] - Our nations largest banks are being weighed down by second mortgage liens (Home Equity Lines/Loans). You have heard this in m...
- Radio Free Wall Street 7/23/2008 [2008-07-23] - "Lee Adler, Russ Winter and Aaron Krowne analyze the impact of key financial events on the financial markets and economy and tel...
- CAR LOAN CALLED-ASSET SEIZURE BY BANK IN SPITE OF PERFECT PAYMENT RECORD!!! [2008-07-23] - "I warned you... I warned you that the banks would resort to seizing assets of people even with perfect payment records."
- A New Sheriff in Town? [2008-07-23] - "The powerful rally in financials illustrates an important point. A bear raid where many stocks are shorted by 15, 20, even 25% ...
- Bunning criticizes support for mortgage giants [2008-07-23] - "U.S. Sen. Jim Bunning again condemned a support package for troubled mortgage giants Fannie Mae and Freddie Mac, saying the pla...
- Bloomberg Discovers the REO Industry - [2008-07-23]
- Fannie, Freddie Race Banks To Bottom - [2008-07-23]
- Plunger Alert - [2008-07-23]
- **RED ALERT** RAPE BY CONGRESS IMMINENT - [2008-07-23]
- FDIC: Don't worry about bank failures - [2008-07-23]
- Fannie Mae Unsold $5 Billion Homes Bring Peril to Shareholders - [2008-07-23]
- HBOS Gains on Speculation BBVA May Bid for U.K. Bank - [2008-07-23]
- Sovereign Second-Quarter Profit Falls on Soured Loans - [2008-07-23]
Latest Forum posts:
- RE: Wachovia Securities - are you sure I should move it over there? I thought it was just banking/investing related.. I'm not trying to get a loan or ref... (18 hours ago)
- Credit Suisse $676 Million Failed Loan in Las Vegas - Word came on 7/17/08 that the multiple affiliated borrowers on Credit Suisse (Caymans Branch) syndicated mortgage loan on the &... (Fri 7/18)
- Centex Prospect Mortgage Deal DEAD. - Hello Everyone, Just received by a realtor yesterday afternoon....Wonder what Plan B is? As your referral partner, it has alway... (Fri 7/18)
- RE: Hey FDIC, A Word from 2 of Your Customers at IndyMac Bank - http://www.thetruthaboutmortgage.com/in-pictures-indymac-bank-run/ Check out the pictures. Dear Santa: All I want for Christmas... (Thu 7/17)
- RE: How safe is Wells Fargo? - They are selling a performing portfolio (11 billion ) in mortgage loans before the storm really hits. They have been extremely ... (Thu 7/17)
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. |