Collapse of Florida Bank is Biggest This Year

Federal regulators seized Florida’s BankUnited FSB on Thursday, the biggest bank failure this year, one that the Federal Deposit Insurance Corp. estimates will cost its weakened insurance fund $4.9 billion.

BankUnited, which was owned by holding company BankUnited Financial Corp., is the second-costliest bank failure of the financial crisis, trumped only by IndyMac Bank, which failed in July at an estimated cost to the FDIC of about $11 billion.

http://online.wsj.com/article/SB124294168567644901.html

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This entry was posted on Thursday, May 21st, 2009 at 11:48 PM and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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One Response to “Collapse of Florida Bank is Biggest This Year”

  1. KonstantinMiller Says:
    July 6th, 2009 at 5:07 PM

    Hi. I like the way you write. Will you post some more articles?

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