Our weekly look at bank failures, courtesy of The Chart Store:

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Previously: FDIC Bank Failures

Category: Credit, Regulation

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

9 Responses to “FDIC Bank Failures”

  1. deanfv says:

    FDIC still hiring. FDIC jobs site listing at least 100 jobs for IT Examination Analyst, CG-0501-11 (Term NTE 2 years) and COMPLIANCE ANALYST, CG-301-11 (TERM NTE 2 YRS).

  2. NoKidding says:

    Bank failures, employment and industrial production are irrelevant. Only Ben and Tim matter. There is no other economy. S&P snaps back to 1220 by Wednesday? After a moment of doubt its time to 3x up again.

  3. Expat says:

    NoKidding nails it. He’s cynical and bitter, but he’s right. Failed banks will simply add slightly to unemployment. The FDIC prints money to bail them out and some mega-bank steps in to take over the business. Frankly, if we simply turned over all banking business to the top five banks (including that paragon of customer service, GS), we could eliminate the FDIC entirely, which would please the Tea Baggers to no end.

  4. DMR says:

    While it’s hard to analyze a cumulative function in 3 parts, it looks like the inflection point was in the past (June 2009 – June 2010?). A majority of banks that might fail as part of this cycle may have already done so.

  5. cognos says:

    Tiny, tiny, tiny.

    Last 6 months have been the lowest on “cost to FDIC” of failures… since mid 08, before the crisis began.

    Looks like its getting slower and slower, smaller and smaller.

  6. RandyClayton says:

    I would like to see these numbers adjusted for 1.) The size of the institution that failed, and 2.) The cost to the FDIC and any other US Government entity involved. From my casual reading of the weekly report on Friday evenings, both 1 and 2 are dramatically lower than they were in the past two years. This looks more like the wave is hitting the smaller and secondary institutions. A concern, surely, but only looking at the number of institutions can be misleading.

  7. cognos says:

    There is a chart with “cost of failures”… I dont know why BR refuses to post it. (Obvious biased journalism?)