The government says the bank failed to uphold its end of the bargain as a Direct Endorsement Lender.
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But in its rush to grow, the bank failed to pay enough attention to meshing its various back-office systems.
If the bank failed, ETF investors would find that they acquired a hotch-potch of assets, rather than the portfolio they expected.
"Under the EBA conditions the bank failed, that is clear, " Helaba spokesman Wolfgang Kuss told the AFP news agency on Friday.
NatWest's derivatives losses accumulated undetected over two years partly, it seems, because the bank failed to query Mr Papouis's own calculations of the value of his trading positions.
The UBS fine - the third largest recorded by the FSA to date - came because the bank failed to stop employees making unauthorised transactions and failed to spot "several warning signs" that systems were not working.
Even then, the Bank was apparently ready to try to restructure the loans, but then the Bank itself failed, and the FDIC took over as its receiver.
If you happen to be a customer of a failed bank, the FDIC maintains a Failed Bank List with information on the acquiring bank, if applicable, and how your loans and accounts are affected.
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The FDIC, as a receiver in bankruptcy, will stand in the shoes of the failed bank corporation.
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The inspectors identified serious organisational weaknesses and found that the bank had failed to maintain its capital ratios.
For months, the bank had failed to turn up in court, saying the summons had not been delivered correctly.
The bank had failed to prevent transactions that might have been linked to money laundering and extended loans used to manipulate publicly traded stocks in Japan.
Reports say the Vatican Bank had failed to inform the financial authorities where the money had come from.
The legal action claims the bank "systematically failed to fully evaluate the loans, largely ignored the defects that their limited review did uncover, and kept investors in the dark about both the inadequacy of their review procedures and the defects in the underlying loans".
There are several states that have not had any bank failures yet this year according to the failed bank list including Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maine, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Vermont, West Virginia and Wyoming.
Two years later, the latest forecast from the FDIC is for partly cloudy skies as the failed bank is nursed back to health and taxpayers supply liquidity to its subsidiaries.
In the fall, the failed investment bank tapped the New York-based investment sales team at Jones Lang LaSalle Inc.
It is being merged with the "good" parts of the failed Laiki Bank, which will be closed down.
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In fact, if you read the FDIC Failed Bank Information Sheet, it all seems rather unremarkable.
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Why should losses be felt by third and fourth parties having nothing to do with the failed bank?
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These suits maximize recoveries for creditors of the failed bank receivership, including uninsured depositors and the deposit insurance fund.
He said the failed bank would be able to pay out on about 90% of claims from the UK and Dutch authorities.
Commercial real estate prices need to rise to help smaller banks stay off the failed bank list, says Mickey Cargile, managing partner at Cargile Investments.
But given that the Bank of England failed to stop the last financial crisis, can we be confident it will get it right next time?
Yet in playing this game, the Bank of Japan has failed in its primary duty as a central bank: to ensure price stability.
Another component of a bank failure is that another bank is taking over the assets of a failed bank.
Most of the cost "was incurred in the months before the banks failed, when the central bank of Iceland lent to them against collateral of dubious quality... in what appears with hindsight to have been a strategy of gambling for resurrection".
Now that the government and Russia's central bank have failed to defend the rouble, a hefty devaluation could translate into the loss of millions of dollars worth of investments and loans.
Wegelin as an institution was then itself indicted by US authorities in February last year, and later declared a fugitive from justice when the bank's executives failed to appear in a US court.
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