In 2010, 157 banks were closed, a pace of about 3.0 banks per week

Guest post by: Carl Moore
Become an Author

Free PDF Download
Troubles grow in Spanish banking rescue - By Carl Moore

Most of the banks dropping out of the banking system are smaller institutions. However, last week a $3.0 billion bank was closed so it is not all just the very smallest banks that are leaving the system. Still, it not the largest 25 commercial banks in the banking system, the banks that control almost 60% of the total assets of the industry, that are departing. The question still remains about the health of this industry. Is the number of problem banks in the industry going to remain around 900 institutions? Are bank departures going to continue to run off at the rate of 5 to 6 banks a week? Will these rates lessen this year? Or, will they increase? Supposedly, the condition of the smaller banks is getting better. But, as we saw with Bank of America last week, the overhang of bad mortgage loans still plagues some institutions. Right now, the drop off in foreclosures on residential mortgages is misleading because the whole foreclosure issue has become so political that we probably won't really have a good idea about the situation in the housing industry and in loan write-offs for some time.

Bankers, especially from the smaller banks, feel caught in the middle of this exercise. They want to do what they can to help their customers survive. Yet, they are being pressed by the regulators, who also feel they are under excessive pressure, to not show overly-optimistic hopes about the ability of these businesses to repay. In fact, the result may be that a too pessimistic approach is taken toward the quality of the bank loans.

As a consequence, we will probably see the list of problem banks remain somewhere around their current highs and we will probably see business loans and commercial real estate loans continue to decline on the balance sheets of the banking industry. And we will continue to experience a decline in the number of banking institutions in the United States. The crucial element of this decline is that it is that the decline takes place in an orderly fashion.

SMEs - SMEs and South African banks

When the Smoke Clears, the User Experience Will Be the Key to Success in the Banking Industry

9.3.4 Commercial banks: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005

Banks Continue To Hold Back on Lending

SME's - a link between funding and a compliance model

Having the Soundest Banks is for Weenies

Why Banks will continue to get Healthier!

Banks Cant Sell

The Friendly Banker

Funding for Small Businesses

Investors Should Prepare To Buy RE Debt

Bank Mortgage Canada – 70 Lenders And 5 Banks

The Bank Blame Game Again

SMEs in Africa - is capitalism really dead?

Mortgage Renewals and Transfers – Finding the Best Rate

Quantitative Easing made Simple

The Bank of Japan will buy 1 Trillion Yen of Shares Held by Banks, But will it be enough?

Current state of the economy 2010

Mortgage Canada Rates – What’s Out There that the Banks are not Telling You?

Do Canadian Banks provide Equipment Loans and Lease Financing?

Home > Small-Business-Loans > Carl Moore > In 2010 157 banks were closed a pace of about 30 banks per week > Google +

Free PDF Download
Troubles grow in Spanish banking rescue - By Carl Moore

About the Author: Carl Moore

RSS for Carl's articles - Visit Carl's website
CFO Capital Partners is a group of seasoned business professionals that have come together to offer a variety of services suited to fit the needs of those seeking Corporate and Real Estate Capital. We act as Independent Business Transaction Intermediary serving both Buyers and Sellers, also specializing in the Mergers & Acquisitions of businesses in the mid-market arena, nationally and internationally. Business Transfers, Selling of Businesses, acting as Finders - all fall within our province. We also work with Cooperating Intermediary and Investment Bankers nationwide as well as in Latin America, Europe and Asia. Carl Moore/ Managing Director "We Bring Experience to the Meeting" CFO Capital Partners 437 FoxTract Rd., 1st Floor Bridgeport, NY 13030 O: 315.633.9081 * Efax: 775.248.6603 Carl@CFOCapitalPartners.com * www.CFOCapitalPartners.com Loan Programs for downloads Go To: http://www.cfocapitalpartners.com/ProjectFinancingPrograms.html
Click here to visit Carl's website.

More from Carl Moore
The US Immigration Department has Proposed Significant Updates to EB5 Visa Processing
Theres no more appropriate name
In 2010 157 banks were closed a pace of about 30 banks per week
Whats happening to our nations 27 million small businesses
Rental Housing The Saving Grace

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

In 2010, 157 banks were closed, a pace of about 3.0 banks per week

Related Articles

Related Forum Posts

Share this article. Fund someone's dream.


Name:
Email: