{"id":66544,"date":"2009-12-06T13:32:34","date_gmt":"2009-12-06T18:32:34","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/06\/banks-goodbye-amtrust-section-bad-loans-tarp-3-posts-short-sales\/"},"modified":"2009-12-06T13:32:34","modified_gmt":"2009-12-06T18:32:34","slug":"banks-goodbye-amtrust-section-bad-loans-tarp-3-posts-short-sales","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/66544","title":{"rendered":"Banks: Goodbye Amtrust Section, Bad Loans, TARP 3 Posts, Short Sales"},"content":{"rendered":"

\"Bill-Coppedge\"<\/a> \"original<\/a> <\/p>\n

 <\/p>\n

Goodbye Amtrust (formerly Ohio Savings):<\/strong> <\/p>\n

\"wsj\"<\/a> + \"but-then-what\"<\/a> + \"cleveland-plain-dealer\"<\/a> <\/p>\n

Regulators Pull Plug on Bank<\/strong> – BY DAVID ENRICH – Federal regulators on Friday seized AmTrust Bank, a battered Cleveland thrift kept alive this year after local politicians pleaded with the government for a second chance. – Wall street Journal<\/a> <\/p>\n

AmTrust\u2019s Peculiar Buyer<\/strong> – Tom Lindmark – The WSJ has a pretty good article on the failure of AmTrust. – … Based on the WSJ article one has to wonder what in the world a New York and New Jersey focused financial institution wants with an Ohio bank with a smattering of banks in some of the more destitute economies in this country<\/strong>. … – But Then What Blog<\/a><\/p>\n

AmTrust’s bankruptcy filing may be a lesson learned from WaMu<\/strong> – By Teresa Dixon Murray – … the same day, the family that owns 77 percent of AmTrust Bank’s parent company took action <\/strong>to make sure the identical thing doesn’t happen to them. The parent company filed an 11th-hour bankruptcy to protect assets and, in recent weeks, has moved $7 million in cash from AmTrust to accounts at PNC Financial Services Group. <\/strong>Some subsidiaries, including AmTrust bank itself, were not included in the bankruptcy filing.
The Federal Deposit Insurance Corp. is probably ticked at the tactic<\/strong>. – The Plain Dealer<\/a> <\/p>\n

and
AmTrust Financial attorneys talk about possibility of selling bank<\/strong> – By Teresa Dixon Murray – Cleveland Plain Dealer<\/a> <\/p>\n

————<\/p>\n

\"rrHeat-Map\"<\/a> <\/p>\n

\"moodys\"<\/a> \"resrecap\"<\/a> <\/p>\n

US banks premature in reducing provisioning for bad loans<\/strong> – There are some interesting tidbits in Moody\u2019s latest quarterly report on the US banking system, notably that US banks are  premature in reducing provisioning for bad loans, and the charge-off trend now shows that the erosion of commercial real estate surpasses that of residential real estate<\/strong>. – Research Recap<\/a> <\/p>\n

————<\/p>\n

\"bloomberg\"<\/a> <\/p>\n

Citigroup Said to Need Treasury Stake Sale Before TARP Payment<\/strong> – By Bradley Keoun –  The U.S. Treasury Department\u2019s refusal to sell its 34 percent stake in Citigroup<\/strong> Inc. is hampering the bank\u2019s plans to repay $20 billion of remaining bailout funds, people familiar with the bank said.  Executives at the New York-based bank are growing frustrated because they can\u2019t sell stock to raise money for repayment until the Treasury signals when and how it will unload its 7.7 billion shares – Bloomberg<\/a> <\/p>\n

Banks Take Losses on Short Sales as Foreclosures Soar<\/strong> – By John Gittelsohn and Margaret Collins – … \u201cIt\u2019s really finally dawning on banks that they\u2019re better off with a short sale<\/strong>,\u201d said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California in Los Angeles. \u201cI think banks were in denial.\u201d … – Bloomberg<\/a> <\/p>\n

————<\/p>\n

\"bankstocks\"<\/a> <\/p>\n

From BANKSTOCKS.COM:<\/strong><\/a> Why BofA’s TARP repayment marks a turning point<\/strong> – Gary Townsend – The company’s moves are the latest signs that the financial panic is receding at last. <\/p>\n

————<\/p>\n

\"new-york-magazine\"<\/a> <\/p>\n

Tim Geithner: For the Last Time, NO BANKS WOULD HAVE SURVIVED WITHOUT TARP<\/strong> – NY Magazine<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

  Goodbye Amtrust (formerly Ohio Savings): + + Regulators Pull Plug on Bank – BY DAVID ENRICH – Federal regulators on Friday seized AmTrust Bank, a battered Cleveland thrift kept alive this year after local politicians pleaded with the government for a second chance. – Wall street Journal AmTrust\u2019s Peculiar Buyer – Tom Lindmark – […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-66544","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/66544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=66544"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/66544\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=66544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=66544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=66544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}