Friday, February 14, 2014

This Week in Bank Failures

After struggling for months to craft a plan, House Republicans still could not agree on a plan to shut down the U.S. government through the elections, so they allowed a vote on keeping the government going. The measure passed easily.

The euro zone’s banking supervisor took a stand against zombie banks this week, saying the banking sector as a whole would gain credibility if the most hapless banks were allowed to fail.

Higher salaries and bonuses for giant banks’ most highly compensated employees has become a high-profile trend this year. The oversized compensation gets more attention because of the tens of thousands of staffers being laid off to pay for the increases.

No banks failed tonight. A severe winter storm that passed through Washington, DC and closed the city for a day may have slowed down some of the deals and actions regulators are working on.