From Bloomberg: China’s Wen Rebuffs Yuan Calls, Is ‘Still Worried’ About Dollar “I don’t think the yuan is undervalued,” Wen said at a press conference in Beijing marking the end of China’s annual parliamentary meetings. Dollar volatility is a “big” … Read More

It has been a month since Jean-Claude Juncker, Luxembourg’s prime minister and chairman of the 16 euro-zone finance ministers, said that Greece had until March 16th to show progress on their budget. The euro-zone finance ministers meet this week, and … Read More

This is an unofficial list of Problem Banks compiled only from public sources. Changes and comments from surferdude808: There were several additions and removals during the week that left the Unofficial Problem Bank List totals almost unchanged. This week there … Read More

From Tom Abate at the San Francisco Chronicle: Financial leaders dissect meltdown “What is quite shocking,” [John Lipsky, a senior official of the International Monetary Fund] said, is how inadequate the world’s regulatory supervisors were in curbing the lax lending … Read More

Note: this data is not seasonally adjusted. There is a very distinct seasonal pattern for imports, but not for exports. LA area ports handle about 40% of the nation’s container port traffic. Sometimes port traffic gives us an early hint … Read More

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

Earlier I linked to this podcast from Planet Money: We Bought A Toxic Asset! And the story is here: We Bought A Toxic Asset; You Can Watch It Die . And here is a PDF with the details of the … Read More

From Treasury: Administration Releases February Loan Modification Report Click on graph for larger image in new window. Over 168,000 modifications are now permanent. 88,663 trial modificatons have been cancelled (and another 1,499 permanent mods cancelled). Here is the report . … Read More