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3 HOURS AGO - Yahoo! News

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Puerto Rico government bank reaches debt deal with some credit unions

Puerto Rico’s Government Development Bank said it has reached a deal with credit unions to avoid defaulting on about $33 million of debt due on Monday. The GDB, Puerto Rico’s primary fiscal agent, said in a statement on Friday that it was still negotiating with other creditors in hopes of avoiding default on another $422 million due on Monday. The ...

Tags: Puerto Rico government bank reaches debt deal with some credit unions,  Bank Latest News

3 HOURS AGO - Zero Hedge

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What Happens If Everybody Pulls Their Money Out Of The Bank Today?

For every dollar that you have in the bank there is actually 0.00061 dollars available...in other words, there's 6 cents for every $100 dollars of deposits that you have at the bank. As Mike Maloney explains in this brief clip, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t ...

Tags: What Happens If Everybody Pulls Their Money Out Of The Bank Today?,  Bank Latest News

4 HOURS AGO - ABC News

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Regulators Close Small Tennessee Bank

Regulators close Trust Co. Bank in Tennessee, the second failure of a federally insured bank this year

Tags: Regulators Close Small Tennessee Bank,  Bank Latest News

4 HOURS AGO - St. Louis Post-Dispatch

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Regulators close small Tennessee bank

NEW YORK (AP) — Regulators are closing a small Tennessee bank, marking the second failure of a federally insured bank this year.

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5 HOURS AGO - Zero Hedge

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Italy's Bank Bailout Fund Already One Third Empty After First Bank Rescue

When one month ago, Italy was scrambling to unveil a "last resort" bad bank bailout fund (which eventually received the name Atlante, or Atlas, for the Titan god who was condemned to hold up the sky for eternity, only in this case he is holding up Italy's €360 billion in bad loans), many wondered why the rush? While the explicit ...

Tags: Italy's Bank Bailout Fund Already One Third Empty After First Bank Rescue,  Bank Latest News