Home | Contact Us | Weather Report

MontNews.com - News, Issues, Views
 

Look for It

Categories

Feb
27

The Ever Shrinking Economy

written by

Washington, DC — The Commerce Department released its report on the 4th Quarter GDP. Though it was expected to be bad, it came in even worse — down 6.2 percent on an annual rate.

Read More About - The Ever Shrinking Economy »

Feb
27

FDIC Changes Charges

written by

In 2007, there were 3 bank failures. In 2008, there were 25 bank failures. So far in 2009, there have been 13 bank failures.
The Federal Deposit Insurance Corporation expects bank failures will cost the insurance fund $65 billion through 2013.
In response, the FDIC is raising fees on banks, as well as, adding emergency [...]

Read More About - FDIC Changes Charges »

Feb
27

Insured Banks and Thrifts Lost $26.2 Billion in the Fourth Quarter

written by

from the FDIC
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990. Rising [...]

Read More About - Insured Banks and Thrifts Lost $26.2 Billion in the Fourth Quarter »

Feb
4

Fed Extends Liquidity Programs

written by

The Federal Reserve on Tuesday announced the extension through October 30, 2009, of its existing liquidity programs that were scheduled to expire on April 30, 2009. The Board of Governors and the Federal Open Market Committee (FOMC) took these actions in light of continuing substantial strains in many financial markets.
The Board of Governors approved [...]

Read More About - Fed Extends Liquidity Programs »