Friday, May 22, 2009
Florida's BankUnited fails, will cost FDIC $4.9B
BankUnited's failure marks 34th bank to close so far this year, will cost FDIC $4.9 billion
The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC's insurance fund since the financial crisis began felling banks last year.
The costliest was last year's seizure of California lender IndyMac Bank, on which the bank insurance fund is estimated to have lost $10.7 billion...
AP: Florida's BankUnited fails, will cost FDIC $4.9B
The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC's insurance fund since the financial crisis began felling banks last year.
The costliest was last year's seizure of California lender IndyMac Bank, on which the bank insurance fund is estimated to have lost $10.7 billion...
AP: Florida's BankUnited fails, will cost FDIC $4.9B
Permalink posted by markw @ 4:45 AM 
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