Chapter 1063: 1063
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From December last year to this year, five banks in the United States, including IndyMac bank, have failed.
Who's next?
There are rumors that Freddie Mac and Fannie Mae, the two largest mortgage financing companies in the United States, have actually gone bankrupt because of insolvency.
In the days when IndyMac bank was closed, shares in Fannie and Freddie plunged nearly 50%.
According to media reports, Fannie Mae and Freddie Mac have written off $400.8 billion in capital due to the subprime crisis in the US real estate market.
Fannie Mae and Freddie Mac have the problem of insolvency, which may need the government's help in the end.
The next casualty may be the relaxation of the FDIC in the United States because of the takeover Xia, while the management of the bank is happy because of the arrival of a gold Tui boss. The operation is difficult and turbulent, and the days are finally coming to an end.
Pa pa -
when the two principals exchange documents and complete the last signature, the whole conference room rang with warm applause and shook hands with each other to celebrate, especially the executives of FDIC and bank, some even hugged.
To be honest, in this bank failure event, the FDIC Department has left a deep impression on both the internal and external people of the bank, with a very serious and responsible attitude and a fast speed of handling affairs. To be honest, we have to admire the financial system and emergency system of the United States, which is really quite perfect.
Andy's mood at the moment can't say how excited and excited he is. Maybe it's less than 3 billion dollars of expenditure that makes him not feel the gain and loss of that huge deal.
However, he finally has a bank with a good scale, his own capital settlement center and his own deposit pool, so as long as he has completed the continuous expansion and operation normalization of Yingtai bank, he can use his huge fund background to start his largest M & a plan.
At the press conference, the heads of the U.S. reserve administration and the FDIC spoke one after another to express their own opinions on the conclusion of the deal. To put it bluntly, they endorsed each other.
After all, there are few buyers with the strength or willingness to buy problem banks.
Andy looked at the press conference, the audience's eyes were fixed on their media reporters, and said calmly: "after a long period of prosperity, the banking industry is facing more and more pressure.
Banks and thrifts are struggling to cope with the growing number of non-performing loans, and it is clear that some lenders may be in danger.
Although the number of banks that failed is not expected to exceed 834 between 1990 and 1992, it may take years for troubled financial institutions to resolve non-performing loans and replenish capital.
Such a tragic situation is inevitable, but it will also lead to a series of acquisitions and the elimination of some of the worst performing banks.
Depositors began to pay more and more attention to the operation of banks. Many customers now say they are nervous and want to transfer the money to a safe place.
Now, I can say to all our old and new customers responsibly that the new intime bank will provide you with the safest guarantee!
Our new bank will still offer higher interest rate than other banks, provide more cordial services, let the old customers who leave us because of worry come back, because our bank is more confident to spend this winter!
Starting tomorrow, IndyMac federal bank will be the main body of the bank. It will merge with the former Miami Valley Bank, the former Douglas National Bank of Missouri and the former Hume Bank of Missouri, and officially change its name to Yingtai bank, with branches from 33 to 82. "
Wow -
there was an uproar at the scene. I thought that the transaction of IndyMac federal bank had been unexpected. I didn't expect Andy Smith to quietly complete the merger and acquisition of four bankrupt banks, and set up a large cross state bank based on this group. I have to admire the courage of this young man.
And more people are seeing Andy Smith's huge ambitions, 82 branches, tut Tut, the birth of a new banker!
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From December last year to this year, five banks in the United States, including IndyMac bank, have failed.
Who's next?
There are rumors that Freddie Mac and Fannie Mae, the two largest mortgage financing companies in the United States, have actually gone bankrupt because of insolvency.
In the days when IndyMac bank was closed, shares in Fannie and Freddie plunged nearly 50%.
According to media reports, Fannie Mae and Freddie Mac have written off $400.8 billion in capital due to the subprime crisis in the US real estate market.
Fannie Mae and Freddie Mac have the problem of insolvency, which may need the government's help in the end.
The next casualty may be the relaxation of the FDIC in the United States because of the takeover Xia, while the management of the bank is happy because of the arrival of a gold Tui boss. The operation is difficult and turbulent, and the days are finally coming to an end.
Pa pa -
when the two principals exchange documents and complete the last signature, the whole conference room rang with warm applause and shook hands with each other to celebrate, especially the executives of FDIC and bank, some even hugged.
To be honest, in this bank failure event, the FDIC Department has left a deep impression on both the internal and external people of the bank, with a very serious and responsible attitude and a fast speed of handling affairs. To be honest, we have to admire the financial system and emergency system of the United States, which is really quite perfect.
Andy's mood at the moment can't say how excited and excited he is. Maybe it's less than 3 billion dollars of expenditure that makes him not feel the gain and loss of that huge deal.
However, he finally has a bank with a good scale, his own capital settlement center and his own deposit pool, so as long as he has completed the continuous expansion and operation normalization of Yingtai bank, he can use his huge fund background to start his largest M & a plan.
At the press conference, the heads of the U.S. reserve administration and the FDIC spoke one after another to express their own opinions on the conclusion of the deal. To put it bluntly, they endorsed each other.
After all, there are few buyers with the strength or willingness to buy problem banks.
Andy looked at the press conference, the audience's eyes were fixed on their media reporters, and said calmly: "after a long period of prosperity, the banking industry is facing more and more pressure.
Banks and thrifts are struggling to cope with the growing number of non-performing loans, and it is clear that some lenders may be in danger.
Although the number of banks that failed is not expected to exceed 834 between 1990 and 1992, it may take years for troubled financial institutions to resolve non-performing loans and replenish capital.
Such a tragic situation is inevitable, but it will also lead to a series of acquisitions and the elimination of some of the worst performing banks.
Depositors began to pay more and more attention to the operation of banks. Many customers now say they are nervous and want to transfer the money to a safe place.
Now, I can say to all our old and new customers responsibly that the new intime bank will provide you with the safest guarantee!
Our new bank will still offer higher interest rate than other banks, provide more cordial services, let the old customers who leave us because of worry come back, because our bank is more confident to spend this winter!
Starting tomorrow, IndyMac federal bank will be the main body of the bank. It will merge with the former Miami Valley Bank, the former Douglas National Bank of Missouri and the former Hume Bank of Missouri, and officially change its name to Yingtai bank, with branches from 33 to 82. "
Wow -
there was an uproar at the scene. I thought that the transaction of IndyMac federal bank had been unexpected. I didn't expect Andy Smith to quietly complete the merger and acquisition of four bankrupt banks, and set up a large cross state bank based on this group. I have to admire the courage of this young man.
And more people are seeing Andy Smith's huge ambitions, 82 branches, tut Tut, the birth of a new banker!
From December last year to this year, five banks in the United States, including IndyMac bank, have failed. Who's next? There are rumors that Freddie Mac and Fannie Mae, the two largest mortgage financing companies in the United States, have actually gone bankrupt because of insolvency. In the days when IndyMac bank was closed, shares in Fannie and Freddie plunged nearly 50%. According to media reports, Fannie Mae and Freddie Mac have written off $400.8 billion in capital due to the subprime crisis in the US real estate market. Fannie Mae and Freddie Mac have the problem of insolvency, which may need the government's help in the end. The next casualty may be the relaxation of the FDIC in the United States because of the takeover Xia, while the management of the bank is happy because of the arrival of a gold Tui boss. The operation is difficult and turbulent, and the days are finally coming to an end. Pa pa - when the two principals exchange documents and complete the last signature, the whole conference room rang with warm applause and shook hands with each other to celebrate, especially the executives of FDIC and bank, some even hugged. To be honest, in this bank failure event, the FDIC Department has left a deep impression on both the internal and external people of the bank, with a very serious and responsible attitude and a fast speed of handling affairs. To be honest, we have to admire the financial system and emergency system of the United States, which is really quite perfect. Andy's mood at the moment can't say how excited and excited he is. Maybe it's less than 3 billion dollars of expenditure that makes him not feel the gain and loss of that huge deal. However, he finally has a bank with a good scale, his own capital settlement center and his own deposit pool, so as long as he has completed the continuous expansion and operation normalization of Yingtai bank, he can use his huge fund background to start his largest M & a plan. At the press conference, the heads of the U.S. reserve administration and the FDIC spoke one after another to express their own opinions on the conclusion of the deal. To put it bluntly, they endorsed each other. After all, there are few buyers with the strength or willingness to buy problem banks. Andy looked at the press conference, the audience's eyes were fixed on their media reporters, and said calmly: "after a long period of prosperity, the banking industry is facing more and more pressure. Banks and thrifts are struggling to cope with the growing number of non-performing loans, and it is clear that some lenders may be in danger. Although the number of banks that failed is not expected to exceed 834 between 1990 and 1992, it may take years for troubled financial institutions to resolve non-performing loans and replenish capital. Such a tragic situation is inevitable, but it will also lead to a series of acquisitions and the elimination of some of the worst performing banks. Depositors began to pay more and more attention to the operation of banks. Many customers now say they are nervous and want to transfer the money to a safe place. Now, I can say to all our old and new customers responsibly that the new intime bank will provide you with the safest guarantee! Our new bank will still offer higher interest rate than other banks, provide more cordial services, let the old customers who leave us because of worry come back, because our bank is more confident to spend this winter! Starting tomorrow, IndyMac federal bank will be the main body of the bank. It will merge with the former Miami Valley Bank, the former Douglas National Bank of Missouri and the former Hume Bank of Missouri, and officially change its name to Yingtai bank, with branches from 33 to 82. " Wow - there was an uproar at the scene. I thought that the transaction of IndyMac federal bank had been unexpected. I didn't expect Andy Smith to quietly complete the merger and acquisition of four bankrupt banks, and set up a large cross state bank based on this group. I have to admire the courage of this young man. And more people are seeing Andy Smith's huge ambitions, 82 branches, tut Tut, the birth of a new banker!
