Seven Florida banks -- including First Priority Bank and Freedom Bank, both of Bradenton -- received Bauer's rock-bottom rating of "zero" in the firm's first-quarter review.What to do, what to do? MSNBC and Mother Jones agree: stuff your money in a mattress.
Florida bank analyst Richard Bove on Monday listed some large banks -- those with at least $5 billion in assets -- that could be considered candidates for the next failure.
Seven banks topped the 5 percent "danger" ratio of non-performing assets to outstanding loans. Among them is BankUnited Financial Corp. of Coral Gables, which has offices in Sarasota, Manatee and Charlotte counties.
Tuesday, July 15, 2008
A Run on the Bank
Harbinger of things to come? One hopes not, but here's today's Los Angeles Times/KTLA-TV news report from outside a southern California branch of the IndyMac bank, now "poised to become the third-largest bank failure in American history."
"Analysts are calm," the south Florida Herald-Tribune tells us. That may be because they have the list of who's next:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment