2976 In the News BKUNA

2976 In the News BKUNA - FIN 2976"In the News Assignment...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
FIN 2976 – “In the News” Assignment Read one banking-related article and complete the following table. The article must have been published within the last 6 months and should be of a decent length. A good rule of thumb would be no shorter than a full magazine page. Name of Publication/Website: msnbc.com Direct Link to Article: http://www.msnbc.msn.com/id/30875165/ Date of Publication: May 21, 2009 Number of Pages: 1 Title of Article: Regulators close Florida’s BankUnited FSB "Florida’s largest banking institution", BankUnited FSB, is now the FDIC's largest banking failure this year. It is the second largest cost to the Federal Deposit Insurance Corp, $4.9 billion, behind Indymac's failure, a $10.7 billion cost, last year. The closures of Indymac in California and BankUnited in Florida reflect the housing crisis. With California and Florida being two of the hardest hit foreclosure areas in the country. BankUnited had 85 branches, all in Florida, mostly located along the state’s
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/18/2010 for the course FIN 2976 taught by Professor Clark during the Spring '09 term at Cincinnati State.

Page1 / 2

2976 In the News BKUNA - FIN 2976"In the News Assignment...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online