Banking regulators on Friday seized two sister banks that were doomed by their aggressive real-estate lending, bringing to 94 the number of U.S. banks that have failed so far this year. The two banks, Irwin Union Bank FSB, based in Louisville, Ky., and Irwin Union Bank & Trust Co., of Columbus, Ind., are units of Irwin Financial Corp. They had a total of about $3.2 billion in assets and 27 branches, according to the Federal...
Check out this great listen on Audible.com. A New York Times best seller The story of the billionaire trader Steven A. Cohen, the rise and fall of his hedge fund, SAC Capital, and the largest insider trading investigation in history - for listeners of The Big Short, Den of Thieves, and Dark Money...
Expanding his award-winning Wall Street Journal feature, "The Unraveling of Tom Hayes," Enrich follows the brilliant but troubled math genius through what became a spectacular financial scandal. Enrich, the Financial Enterprise Editor of The Wall Street Journal, had unique access to Hayes before and after he was convicted of trying to fraudulently rig the London interbank offered rate, or Libor.