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The F.D.I.C. and Bank of the Ozarks are sharing losses on $195.3 million of Chestatee State Bank's assets.
The agency and 1st United Bank are sharing losses on $313.5 million of Bank of Miami's assets.
The video contained errors, including a failure to explain that the F.D.I.C. is sharing losses on only a small fraction of the loans bought by OneWest.
The agency and Bank of the Ozarks are sharing losses on $260.7 million of First Choice Community Bank's assets and $514.1 million of Park Avenue Bank's assets.
The idea, aired publicly this month by the German central bank chief, Jens Weidmann, could be a game-changer in the crisis because for the first time it offers the prospect of European countries' sharing losses with the aim of making Greece viable in the long run.
He recently purchased failed banks in New Mexico and Alabama in deals that had the Federal Deposit Insurance Corp. sharing losses on the acquired assets.
Similar(51)
To entice this crew, the F.D.I.C. had to share losses on $10.7 billion of Bank Uniteds assets.
The F.D.I.C. and First Citizens Bank agreed to share losses on $141.8 million of Atlantic Bank's assets.
The deadline ought to encourage banks and debtors to agree on how to share losses.
Shared losses among individuals within a population may represent inheritance of a loss that occurred in a common ancestor.
Naturally, it is a bond made tighter by shared loss.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com