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Banks Obviously in Trouble, 91 Banks Missed May Payments to Treasury

Written on 17 Jun, 2010 at 23:00

Banks Obviously in Trouble, 91 Banks Missed May Payments to Treasury

In some cases, banks are attempting to renegotiate or modify their loans. For example, Midwest Banc Holdings offered to swap $84.8 million in preferred shares issued under the TARP program for $15.5 million in common shares, but that would... (Continue reading)

Tagged with: American Bankers Association Assistant Treasury Secretary Michael Barr bank of america bank seizures bankers banks not making TARP payments ben bernanke commercial bankers credit default swaps defaulting loans FDIC FDIC Chair Sheila Bair foreclosures fraudulent securitization HAMP Indymac bank jpmorgan chase loan modifications Midwest Banc Holdings mortgage bankers association mortgage refinancing NPV NPV test one west bank preferred shares saxon SNL Financial sub-prime borrowers TALF TARP TARP payments Treasury Secretary Tim Geithner U.S. taxpayers U.S. Treasury U.S. Treasury data wall street bankers wells fargo bank

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