A couple excerpts from American Banker: Regulatory Actions Hit a Record Level in ‘09 “Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.” “Informal … Read More

Bair’s troops march South, East Two gulf banks, engulfed by fail Will they rise again? by Soylent Green is People From the FDIC: Centennial Bank, Conway, Arkansas, Assumes All of the Deposits of Old Southern Bank, Orlando, Florida Old Southern … Read More

Start Spread’n the news Park Avenue’s failed today Old Blue Eyes would weep… by Soylent Green is People From the FDIC : Valley National Bank, Wayne, New Jersey, Assumes All of the Deposits of the Park Avenue Bank, New York, … Read More

From Bloomberg: Yellen Said to Be Obama’s Pick for Fed Vice Chairman I suggested Dr. Yellen as a possible candidate for Fed Chairman last year, so obviously I think this is a good choice. She was way ahead of most … Read More

The NY Times Deal Book has posted the Lehman’s examiners report online: Court-Appointed Lehman Examiner Unveils Report There is an interesting excerpt on the apparent use of repo transactions to bolster Lehman’s balance sheet: … former Global Financial Controller Martin … Read More

Daylight Savings Time “Spring Forward” …. taken too far What day is today? by Soylent Green is People From the FDIC : Valley National Bank, Wayne, New Jersey, Assumes All of the Deposits of LibertyPointe Bank, New York, New York … Read More

Update: corrected mortgage debt amount. The Federal Reserve released the Q4 2009 Flow of Funds report today: Flow of Funds . According to the Fed, household net worth is now off $11.8 Trillion from the peak in 2007, but up … Read More

From HotelNewsNow.com: STR: RevPAR increases in US weekly results The United States hotel industry posted only its third revenue-per-available-room increase in 18 months for the week ending 6 March 2010, rising 0.9 percent to US$52.75, according to data from Smith … Read More

It is probably time for the U.S. to consider the next set of stress tests for the banks. That is what the Financial Services Authority (FSA) is doing in the U.K. From the FSA : We have now embedded our … Read More

From CR: There are so many reports of a housing bubble in China, I asked a friend living in China for his thoughts … this is his view: From Michael Kleist in Shanghai: News of soaring housing prices in China, … Read More