Another component of a bank failure is that another bank is taking over the assets of a failed bank.
"This is pretty new territory for a lot of folks, a bank failure, " said planner Ralph Lunt of Avon, Ohio, a suburb of Cleveland.
She could also borrow bridge financing from the Treasury to cover for the time lapse between a bank failure and the sale of its assets.
Any money the FDIC uses for a bank failure is charged against the current federal budget, regardless of whether money will be recovered down the road.
"Some have come to believe that the FDIC should not spend any time worrying about or planning for a large bank failure because these banks have become so well diversified and sophisticated in their risk management, " said FDIC Chairman Sheila Bair in a speech to the Exchequer Club in Washington, D.
Shadow chancellor George Osborne blamed the government for what he called a "catastrophic failure of bank regulation", contributing to the "longest and deepest recession" since the 1930s.
"I lost the throttle on turn nine which I was told was due to a failure on one bank of the control system, " Coulthard said when his race was over.
It was (and is), for example, a chronic failure of international bank regulation that the debt of Italy, Spain, Germany and so on was classified by financial regulators as completely safe and without risk after monetary union - which gave an unhealthy incentive to banks to lend to these governments (in the jargon, the government bonds of these countries were given a zero risk-weighting).
All that said, the NAO's criticism of the nationalisation and break-up of the bank is largely restricted to a failure by the then Labour government to fully investigate the financial consequences of breaking up the bank into a so-called good bank and a bad bank.
To be sure, the failure to disclose a Swiss bank account can constitute a crime.
FORBES: What Does The Flap Over Romney's Tax Returns Suggest About Disclosure of His Swiss Account?
The U.S. should adopt the Cypriot method of bank failure resolution, as a step in the right direction.
FORBES: Bankruptcies, Bail-Outs & Bail-Ins: The Good, Bad & Ugly Of Bank Failure Resolution
The crisis was precipitated by the near-failure of a locally owned bank, Parex, which enjoyed a lively offshore business taking deposits from Russians, some of which appear to have been lent, unwisely, to locals.
ECONOMIST: Latvia has chosen economic torture over complete collapse
The bank's failure has triggered a string of bankruptcies across the island.
ECONOMIST: The first of an occasional series on Japan��s economic pains
Following the collapse of a third of all American banks in 1930-33, the government set up an insurance scheme under which it guaranteed to repay depositors, up to a certain limit, in the event of bank failure.
We hear from former trading vice-president of Lehman's, Larry McDonald, who has written an insider's view of the systemic problems within the bank in his literary apologia "A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers".
Central banks want to be sure that any such bank can guard against any possibility of a systemic failure before they give it the nod.
Across Europe and in America, changes in banking law are being put in place which will make it easier to force bank creditors to share the pain of a failure next time.
The IRS agreed to not assert any 75% civil fraud penalties and the Financial Crimes Enforcement Network (FinCEN) agreed to not assert any civil penalties for the failure to timely file a Report of Foreign Bank and Financial Accounts (FBAR).
FORBES: D��j�� vu--Yet Another IRS FBAR Voluntary Disclosure Initiative
It has every incentive to keep the payments up, since failure would trigger a default on all its World Bank debt.
Attempts to expand into America have also faltered, following the failure this month of United Commercial Bank, a unit of a Californian holding company in which Minsheng has a stake.
ECONOMIST: China��s first privately owned bank readies for listing
Two other bank bosses have waived their bonuses this year follow scandals: Antony Jenkins following Barclays' admission of its involvement in rigging the multi-trillion-dollar Libor interest rate and Royal Bank of Scotland's Stephen Hester after a massive computer failure caused payments into customers' accounts to be delayed by several days.
In an apparent effort to thwart banking regulators, a Lichtenstein investment vehicle has sued the bank on the eve of its failure.
The goal is to be able to restructure a bank over a weekend while avoiding the economic paralysis caused by the failure of Lehman.
FORBES: Legal Entity Identifier (LEI) ID Code for Banks and Subs Delayed Until 2012
Thousands of Ulster Bank customers across the island of Ireland were affected by a computer failure at the RBS's Edinburgh offices on 19 June.
Until the failure in November last year of Hanwa Bank, a middling regional bank, no Japanese bank had gone bust since the second world war.
That is one reason why academics and policy makers thought central bank efforts to cut inflation would stimulate growth, and a failure to control inflation would always hurt it.
Massachusetts Senator Elizabeth Warren at a Senate hearing last week ripped into bank and securities regulators for their failure to prosecute Wall Street honchos for their rampant crookedness in the years before the credit crisis.
The Ulster Bank has been criticised for the continuing delay in compensating customers affected by a computer failure in June.
The result has been a failure to make progress on the June commitment to re-examine the Irish bank debt.
FORBES: After Mrs. Merkel's Irish Jig, Are Ireland's Problems Solved?
应用推荐