What is the best way to monitor bank failures ?

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scotthw's picture
scotthw
Status: Bronze Member (Offline)
Joined: Oct 16 2008
Posts: 59
What is the best way to monitor bank failures ?

I am looking for some way to get emails (or a blog feed) that will tell me concisely how many banks have failed on any given day, and of those how many could the FDIC not find buyers.  I know the information is out there, I find plenty of sources.  What I seek is some kind of tally so I don't have to wade through multiple reports every day/week to find the basic numbers.

Thanks in advance

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Re: What is the best way to monitor bank failures ?

Hi Scott

This is the best site I have found so far.

http://bankimplode.com/

 

 

horstfam's picture
horstfam
Status: Bronze Member (Offline)
Joined: Sep 6 2008
Posts: 71
Re: What is the best way to monitor bank failures ?

Hi, Scott,

You have probably already visited this site, but this is the official government list of failed banks. Once you count how many failed last month, year-whatever you want- you can just add the number of banks that fail each Friday to your total. Sometimes the banks are added during the day on Friday and sometimes after hours. It's best to check on Saturday to get the most accurate result.

http://www.fdic.gov/bank/individual/failed/banklist.html

 

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