Archives for November, 2010

2010 bank failures top 2009

Posted: Nov. 8, 2010 | Tags: banks, BankTracker, FDIC, Federal Deposit Insurance Corp.

Four more banks failed on Friday, bringing the total for the year to 142, meaning there will be more bank failures in 2010 than any year since at least 1992. Last year, the Federal Deposit Insurance Corp. took over 140 banks around the nation.

This year's failures have cost the insurance fund more than $21.1 billion. A year ago, failures cost the insurance fund about $37.7 billion.

More than half the failures in 2010, 83 in all, have occurred in just five states:

  • Florida, 27
  • Georgia, 17
  • Illinois, 16
  • California, 12
  • Washington, 11

There have been no ...

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Ex-Kohl staffer joins Comcast team

Posted: Nov. 5, 2010 | Tags: Comcast

The government's review of the Comcast Corp.-NBC Universal merger is ongoing, but Comcast has dramatically scaled back its lobbying efforts. Spending for the third quarter was $1.86 million, a $2 million dropoff from the previous quarter.

But what it lacked in quantity, the company made up for in quality.

Comcast hired Capitol Hill Strategies LLC to lobby for the deal. Among its lobbyists is Paul Bock. Bock spent 12 years as chief of staff for Wisconsin Democratic Sen. Herb Kohl. Kohl is chairman of the Senate Judiciary Committee's subcommittee on antitrust. The senator has been pushing ...

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