MoneyRates Blog
Who Will Buy Washington Mutual Bank?
September 18, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
Online reports are indicating that large institutional shareholders of Washington Mutual Inc. have cleared the way for the troubled banks to be purchased. Goldman Sachs and the federal government have both been rumored to be assisting in finding the right buyer. The orderly purchase of Washington Mutual Bank and unwinding of its suprime mortgage exposure [...]
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FDIC May Need to Tap Treasury for Bank Failures
September 16, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The FDIC insurance fund, strained by eleven bank failures this year already, is at its lowest level in over five years. Although FDIC Chairman Sheila Bair has been quick to point out that over 98% of the nation’s banks are categorized as adequately capitalized by regulators, the failure of a major bank could force the [...]
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