‘Banking’ Archive

100 and counting: Bank failures reach inglorious milestone

by Laura Huchzermeyer, October 26, 2009, 12:34 pm

Well, it’s official. We’ve hit triple digits for the number of banks that have gone down the tubes in 2009.

The inglorious honor of being the 100th US bank to fail goes to Partners Bank in Naples, Florida. Regulators swooped in …

Collapse heard around the world makes it to the small screen

by Laura Huchzermeyer, September 9, 2009, 12:54 pm

It was just a matter of time before the drama of the global economic collapse found its way to the movies. It has been nearly one year since the collapse of Lehman Brothers and our friends …

After months of dormancy IPOs finally re-emerge

by Laura Huchzermeyer, September 3, 2009, 1:19 pm

There have been several so-called “green shoots” popping up in the economy recently. These little signs of life springing forth from a parched economic landscape give everyone hope that maybe the worst is behind us.

One indication that things …

Want some pepper spray with that cash?

by Laura Huchzermeyer, August 5, 2009, 11:40 am

The next time you belly up to the corner ATM to withdraw some quick cash you might think about wearing protective goggles.

South Africa’s Absa Bank made headlines late last month after it equipped 11 of …

GM Europe is driving everyone crazy

by Jeff Dorsch, July 21, 2009, 3:17 pm

So, you thought the situation with GM Europe ended in a last-minute deal just days before General Motors went into Chapter 11? No way. This week GM collected final bids on buying …

Good news? Maybe.

by Patrice Sarath, July 13, 2009, 2:54 pm

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. — Winston Churchill

According to leading economic indicators, we’re pulling out of the recession. Researchers are cautiously optimistic about the signs of …

Too Big to Fail: The sing-a-long

by Laura Huchzermeyer, June 29, 2009, 3:43 pm

Hoover’s is lucky to call Austin, Texas home and we are happy to share our fine city with some of the most talented, witty, and entertaining musicians in the country.

Leave it to long-time local folkies The Austin Lounge Lizards to perform a new …

Next stop, Barclays Station

by Laura Huchzermeyer, June 24, 2009, 3:21 pm

British bank Barclays wants to put its name on a New York City subway station. The city’s Metropolitan Transporation Authority announced this week that it is selling the rights to rename a busy downtown Brooklyn station for about $4 million. It’s the first …

You might be a redneck … if your bank is funner

by Laura Huchzermeyer, June 10, 2009, 11:30 am

The reputation of banks as stoic and sturdy institutions charged with the safe keeping of our money  has been tarnished during the past couple of years. So why not embrace that tarnish and throw in some rusty hubcaps, gun racks, and mullets?

Enter The Redneck Bank. At first …

General Motors watch: Day 3

by Jeff Dorsch, May 28, 2009, 12:24 pm

There’s LOTS going on in the automotive industry, with almost hourly news developments on various fronts. Some quick highlights:

• General Motors announced a deal with some of its bondholders that would see the creditors get up to 25% of the equity in the …