8 days to close 16 us to reproduce bank failure

This year, the collapse of the bank has reached 115 commercial real estate into a "poison" will not impact the pace of economic recovery in the United States a day after the October 23 collapse of 7 small banks, last Friday, October 30, the US financial regulator announced the closure of 9 banks such as the California National Bank, the largest ever since the onset of the financial crisis. The number of failed banks has reached 115 this year after 16 consecutive banks collapsed in the 8th.　　Most of the banks in the recession were smaller private banks and community banks, with California National Bank being the largest of the 9 banks, with $7 billion trillion in assets and 68 branches, the fourth-largest bank to fail this year, but still a small and medium-sized bank. Lianping, chief economist of Bank of Communications, said in an interview with our correspondent that the collapse would have a knock-on effect on the financial markets in terms of scale, but would not affect the process of global economic recovery and the trend towards continued improvement. "There are 4,000 banks in the United States, it is normal to have a liquidity problem, but it is only partial and will not affect the overall situation." "In Friday, the Federal Deposit Insurance Corporation, which closed 9 banks in a single day, announced the closure of the National Bank of California and 8 smaller private banks in Friday." As of September, the total assets of these banks were USD 19.4 billion, with a total deposit of $15.4 billion. The 9 most recently defunct banks are affiliated with Fbop Bank Holding, one of the largest private bank holding companies in the United States.　　But the company is struggling with a lot of bad loans and investment failures. The Bank of America branch, Minneapolis Bank of America, agreed to take over all of the bank's deposits and most of its assets. Bank of America has been busy this year eating into a variety of "problem assets".　　By taking over the 9 banks, the company will double its business outlets in California, with nearly 3,000 branches nationwide. The Federal Deposit Insurance Corporation (FDIC) uses a 1 billion-dollar Federal deposit insurance fund to insure commercial banks ' savings clients.　　The Federal Deposit Insurance Corporation predicts that the latest 9 banks will consume $2.5 billion trillion in federal savings insurance funds.　　　　But that number is expected to continue to grow as US banks continue to be tired of commercial real estate loans, as more and more small shopping malls remain vacant and apartment building development remains stalled. Real estate loans Drag down fragile banking system 9 banks failed in one day, and the problem of non-performing loans from the subprime crisis continues to weaken the US banking entity.　　Although the climax of the financial crisis has passed, banks are still cleaning up the balance sheet problems left by the recent credit boom. The credit binge has spurred banks to expand their appetite for lending, and the underwriting quality and risk-triggering mechanisms of many loans have been unsatisfactory, leading to a sudden rise in payments for borrowers to unsustainable levels. "In particular, the community banks have accumulated a lot of loans for commercial real estate projects, some of which are difficult to rent and others to be vacant." "The bank's recovery is expected to lag behind the overall economic upturn," said FDIC Chairman Bell.　　Bank regulators say commercial real estate is the "biggest challenge" facing the banking sector. The US economy has been in recession, unemployment has risen, house prices have plummeted and loan defaults have soared, causing many small and medium-sized banks to continue to collapse. With the failure of real estate development projects, real estate developers in arrears of loans more and more, even those powerful developers, because many of the built property can not sell, banks are difficult to recover loans.　　The data show that, as of September, the bank's commercial real estate lending amounted to $1.7 trillion trillion, accounting for about 15% of total bank assets. Large banks are less affected by diversification, and many small and medium-sized banks, especially small ones, will be the biggest victims of debt problems. Some economists expect more banks to fail before the end of the year. "It is clear that the pace of bank failures has accelerated and this trend will continue into next year," Bell said at a Reuters summit in Washington last week. But I don't think it reached the subprime crisis. "The tide of failure shows that the financial winter is still in the past three quarters of US GDP growth was 3.5% in the three quarter, the first growth after a 4 consecutive quarterly decline, while the US is on the rise as the world is expecting a better economy," he said.　　Most economists are skeptical that the U.S. economy can continue to grow at this rate and really emerge from the crisis. Guo, director of the Bank of China Research Center at the Central University of Finance and Economics, said in an interview that the financial crisis on the bank's follow-up impact is still in the U.S. economic downturn. "For big banks, asset quality will be relatively good and government support will be more." Small banks are more unstable and less creditworthy, so the problems of the real economy will be more pronounced in vulnerable small banks once the banks ' clients do not have loans. "In the past, the US banks were propped up by consumption and overconsumption, but after the financial crisis, the problems of the real economy, the recovery of consumption and the rise of savings rate, have posed great challenges to the adjustment of the profit model of the US banking industry," Guo said. "The new profit model has not yet been formed, but the economy has not yet recovered, so the US banking sector will undergo a long period of adjustment."　　He pointed out that only after the recovery of the economy, corporate production investment and other financing needs can give a big support for bank performance, but before the U.S. banking industry is still fragile. Views of Europe and the United States stimulus policy is still difficult to exit China may raise reserve requirements with the Australian dollar rate hike, Norway raise interest rates, the global economy signs of recovery, the withdrawal of loose monetary policy has become a hot debate, there have been rumors of China to raise interest rates. Will the wave of bank failures affect the process?　　Lianping, chief economist of Bank of Communications, said that the small and medium banks ' collapse would not have a real impact on the global economy.　　Guo, director of the Cufe Bank of China Research Center, said that the economy was still in a slump in both the US and the United States, and there was little chance of raising interest rates in the next few months. Guo that AustraliaThe impact of the financial crisis is relatively small, the bank did not collapse, resource-type enterprises accounted for a relatively heavy economic structure of its overall ability to resist risk. So there is no need for monetary policy choices to be so costly as other Western countries affected by the crisis to save the banking system that has been hit by toxic assets.　　Monetary policy in the domestic economic situation continues to be good, once found signs of inflation, price increases are expected to be a certain degree of strengthening, it is easy to adjust the monetary policy timely. By contrast, the economic data of the major economies in Europe and the United States are still difficult to support the rapid exit policy. America's big banks have stabilized after the stress tests, but the wave of bank failures has not stopped and the banking sector as a whole is still fragile.　　Until the recovery is yet to be determined, countries such as Australia do not have a barometer for other countries. For China, Guo that as foreign exchange loans grew at a higher rate, the number of hot money entering China had increased, triggering expectations for future inflation. "But whether it is China or the United States, raising interest rates is far from enough. China will solve the liquidity problem by raising the reserve ratio at most. ”