The Financial Times reports that U.S. financial regulators are considering new ratios for banks to determine the dependence on short-term borrowing: US banks face short-term borrowing rules ... “Capital is critical, but liquidity enhancement is a necessary piece of the puzzle,” said Kevin Bailey, deputy comptroller [OCC] ... [...more]
This is an unofficial list of Problem Banks. Changes and comments from surferdude808: Another week with significant changes to the Unofficial Problem Bank List as the FDIC released its enforcement actions for August. We will not get another release from the FDIC until the end of October [...more]
For graphs based on the new home sales report this morning, please see: New Home Sales Flat in August The following graph is a turnover ratio for existing home sales. [...more]
We are now into the business travel season, and as expected, RevPAR is off sharply from 2008. From HotelNewsNow.com: Oahu Island occupancy increases in STR weekly numbers Overall the U.S [...more]
Click on graph for larger image in new window. This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears" [...more]
From Baltimore Business Journal: Architects report drop in future projects in August ... The American Institute of Architects said August’s Architectural Billings Index, an economic indicator of future construction activity, fell to 41.7 during the month, which is down from 43.1 in July [...more]
From Paul Krugman on financial reform: Reform or Bust I was startled last week when Mr. [...more]
From a NY Times Editorial: Facts and the Financial Crisis The Financial Crisis Inquiry Commission, created by Congress to examine the causes of the crisis, held its first public meeting last week. .. [...more]
This is an unofficial list of Problem Banks. [...more]
New fuel for fire Two Irwin Banks burn away Incandescent heat by Soylent Green is People From the FDIC : First Financial Bank, National Association, Hamilton, Ohio, Assumes All of the Deposits of Irwin Union Bank, F.S.B., Louisville, Kentucky, and Irwin Union Bank and Trust Company, Columbus, Indiana Federal and state regulators today closed Irwin Union Bank, F.S.B., Louisville, Kentucky, and Irwin Union Bank and Trust Company, Columbus, Indiana, respectively. The institutions are banking subsidiaries of Irwin Financial Corporation, Columbus, Indiana. [...more]