A Georgia bank with a branch in Tampa was taken over by regulators Friday, marking the 21st failure this year of a federally insured bank. ...more

March 27, 2009

Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities. ...more

March 26, 2009

Banks and savings institutions insured by the Federal Deposit Insurance Corp. reported net losses of $26.2 billion in the fourth quarter of 2008. ...more

March 22, 2009

Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billion reported last month. ...more

March 21, 2009

The head of the Federal Deposit Insurance Corp. has warned that the fund insuring Americans' bank deposits could be wiped out this year without the money the agency is seeking in new fees from U.S. banks and thrifts. ...more

March 5, 2009

A number of editorials in major and local newspapers repeat the mantra that the collective "we" caused many of the crises facing us today; that the collective "we" allowed our leaders to be corrupt; that "we" kept putting the same corrupt elected officials in government; that the collective "we" were spend thrifts, using credit cards to buy now and pay later, letting the bills pile up. And what about the credit card corporations? ...more

January 25, 2009

Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey. ...more

December 4, 2008

U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. ...more

August 28, 2008

U.S. banking industry profits plunged by 86 percent in the second quarter and the number of troubled banks jumped to the highest level in about five years as slumps in the housing and credit markets continued. ...more

August 27, 2008