bank failure

Once again, the Federal Deposit Insurance Corp. shut down a bank late Friday afternoon, meaning that news was mostly missed until today. It’s Alpharatta, Ga.-based Alpha Bank and Trust, a small community banking outfit, Housing Wire reports. It’s the 16th bank failure so far this year.
The reality that banks are closing down — and [...]

As if there weren’t enough news going on already, Washington Mutual goes belly up in the largest bank failure in U.S. history, and JP Morgan Chase buys up all its pieces.
WaMu was one of the more notorious subprime lenders – remember this pool of WaMu Alt-A loans we talked about last spring, the one where [...]