From the Independent: Personal insolvencies rise to new record as unemployment bites More people than ever before were declared insolvent in England and Wales during the third quarter of the year. Figures released by the Insolvency Service yesterday reveal that there were 35,242 personal insolvenc ... Read more

From the LA Times: United Commercial Bank is shut down, sold to East West Bancorp Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators Friday night ... United Commercial's collapse may cause a greater-than-usual stir because a ... Read more

China is at it again buying key infrastructure access.  AES Corp. (NYSE: AES) disclosed on Friday, along with earnings, that the company was raising significant cash.  This is a capital raise which also may ‘raise some eyebrows’ because the company is selling a 15% stake to China’ ... Read more

From The Telegraph: Bank of England says financiers are fuelling an economic 'doom loop' On the eve of the G20 meeting of finance ministers in Scotland, Andy Haldane, the Bank's executive director for financial stability warned that the relationship between the state and banks represents a "doom l ... Read more

Regulators seized five more financial institutions on Friday, including a bank in San Francisco that had $11.2 billion in assets and primarily served the Chinese-American community.   United Commercial Bank , which also had operations overseas, was the last to be shut down, making it ... Read more

From David Leonhardt at the NY Times: Broader Measure of Unemployment Stands at 17.5% Excerpts: Officially, the Labor Department’s broad measure of unemployment goes back only to 1994. But early this year, with the help of economists at the department, The New York Times created a version that ... Read more

From the FDIC: East West Bank, Pasadena, California Assumes All the Deposits of United Commercial Bank, San Francisco, California United Commercial Bank, San Francisco, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insuran ... Read more

Note: This was before the FDIC seized four banks today. This is an unofficial list of Problem Banks. Changes and comments from surferdude808: The steady climb in members on the Unofficial Problem Bank list continued this week despite the failure of the multi-bank holding company FBOP Corporat ... Read more

Whats a "Prosperan"? A breakfast food, car or band? Answer: money pit Looming Gateway Arch Symbol of pioneer spirit Their bank now a ghost. by Soylent Green is People From the FDIC : Alerus Financial, National Association, Grand Forks, North Dakota, Assumes All of the Deposits of Pro ... Re ... Read more

Motor City crash. Home Federal has spun out. Bagholders totaled by Soylent Green is People From the FDIC: Liberty Bank and Trust Company, New Orleans, Louisiana, Assumes All of the Deposits of Home Federal Savings Bank, Detroit, Michigan Home Federal Savings Bank, Detroit, Michigan, was clo ... Read more