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Friday, June 13, 2008

Bank Failure Friday?

by Calculated Risk on 6/13/2008 04:31:00 PM

It's Friday the 13th, do you know if your bank has failed?

We know WaMu has issued a denial.

Downey Financial put out some ugly non-performing asset numbers.

The parent of Downey Savings and Loan Association said its total non-performing assets (NPAs) rose 14.3 percent of total assets of $12.78 billion as of May 31.
Alistair Barr at MarketWatch recently mentioned Corus and IndyMac as possible candidates.

Reader Brian is also wondering about IndyMac because of the price action today.

The odds are no FDIC insured banks will fail today, and if one does, it will be some bank in Podunk. But it is Friday the 13th, so maybe the FDIC will go for two.