Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56316 Mon, 16 Mar 2015 18:26:50 GMT The Austrian Black Swan Claims Its First Foreign Casualty: German Duesselhyp Collapses, To Be Bailed Out iehi-feed-56198 Mon, 02 Mar 2015 14:24:53 GMT Creditors Face Losses as Austria Halts Hypo Alpe Support Hypo Alpe-Adria-Bank International AG creditors face losses after the Austrian government ruled out providing fresh capital and put the failed lender into resolution.

After 5.5 billion euros ($6.2 billion) of taxpayer money was injected into Hypo Alpe over five years, Chancellor Werner Faymann's administration decided on March 1 to stop supporting Hypo Alpe's bad bank, Heta Asset Resolution AG, when it was told Heta may need another 7.6 billion euros.

iehi-feed-56194 Sun, 01 Mar 2015 21:10:59 GMT Doral Financial in Puerto Rico Is (FINALLY) Shut Down by Regulators iehi-feed-50925 Sat, 25 May 2013 10:04:41 GMT Electrical Workers #527 Federal Credit Union Closes iehi-feed-50823 Sat, 18 May 2013 02:55:14 GMT FDIC Sues Management of Failed Florida Bank for $48M ``The defendants are nine former executives and directors of Peninsula, including its former chairman and chief executive, Simon Portnoy, and its president and executive vice president of commercial real estate lending, Richard Solano, along with the estate of a deceased former director.'' ]]> iehi-feed-50725 Tue, 07 May 2013 04:43:18 GMT A Disappointing Debut at the S.E.C. ``The S.E.C. proposal would let the foreign branches of American banks avoid rules being developed under the Dodd-Frank financial reform law and instead follow rules that prevail in the foreign countries where the deals are done. Foreign banks involved in derivative deals with American companies also could adhere to their own country's rules as long as those rules are deemed broadly comparable to Dodd-Frank rules. '' ]]> iehi-feed-50648 Mon, 29 Apr 2013 04:29:28 GMT FDIC Hits Six Banks with Enforcement Actions ``The Federal Deposit Insurance Corp. took enforcement actions against six banks last month that tied to their capital, compliance and financial condition, according to a series of orders released Friday.'' ]]> iehi-feed-50365 Thu, 28 Mar 2013 14:27:24 GMT The Best Way to Save Banking Is to Kill It ``A genuinely radical approach would be to kill banking as we know it. Rip all banks, large or small, in two -- separate deposit-taking from credit-creation. Back the deposits one-for-one with reserves at the central bank. Then fund loans not with deposits or other money-like liabilities but by tapping investors who understand they've put their savings at risk.'' ]]> iehi-feed-50364 Thu, 28 Mar 2013 14:26:36 GMT Callaway: Cyprus omen for U.S. stock rally ``While Cyprus may be puny -- even smaller than Greece -- in terms of its significance to global markets, its turmoil is symptomatic of a European financial system careening from crisis to crisis without end.'' ]]> iehi-feed-50294 Mon, 18 Mar 2013 23:44:40 GMT Imploded: I.C.E. FCU of Inglewood, Califorina here. ]]> iehi-feed-50258 Thu, 14 Mar 2013 19:16:14 GMT Debt-Ridden Car Salesman Turned Congressman Lectures About Importance Of Balanced Budget iehi-feed-50005 Wed, 20 Feb 2013 00:34:27 GMT Imploded: Amez United Credit Union of Detroit, Michigan here. ]]> iehi-feed-49967 Sat, 16 Feb 2013 13:45:20 GMT Imploded: Covenant Bank, Chicago, Illinois here. ]]> iehi-feed-49895 Mon, 11 Feb 2013 21:12:41 GMT Imploded: NCP Community Development Federal Credit Union here. ]]> iehi-feed-49566 Sat, 19 Jan 2013 03:29:49 GMT Imploded: First Minnesota Bank, Minnetonka, Minnesota, Assumes All of the Deposits of 1st Regents Bank, Andover, Minnesota here. ]]> iehi-feed-49480 Sat, 12 Jan 2013 02:30:00 GMT Imploded: Westside Community Bank, University Place, Washington here. ]]> iehi-feed-49410 Tue, 08 Jan 2013 13:53:39 GMT Imploded: New Covenant Missionary Baptist Church Credit Union, Milwaukee, Wisconsin here. ]]> iehi-feed-49339 Wed, 02 Jan 2013 23:28:36 GMT Imploded: Chetco FCU of Harbor, Oregon here. ]]> iehi-feed-49186 Tue, 18 Dec 2012 00:44:42 GMT Imploded: Olean Tile Employees Federal Credit Union, Olean, N.Y. here. ]]> iehi-feed-49155 Sat, 15 Dec 2012 08:57:13 GMT Imploded: G.I.C. Federal Credit Union, Euclid, Ohio here. ]]>