The loan-to-endanger the U.S. banking industry has two banks bankruptcy

Early July in California, IndyMac Bank FSB's shocking runs on the weekend, two U.S. banks have declared bankruptcy. This is the United States recently to the second bank failures.

U.S. banking regulators - the Federal Deposit Insurance Corporation announced on the 25th in Nevada and the First National Bank in California, the first traditional bank closure. So far, this year the United States have been seven bank insolvency.

U.S. Federal Deposit Insurance Corporation said that the two banks assets will be temporarily closed down, on the 28th will be located in Omaha, Nebraska, the mutual banks to take over and re-opened to protect the interests of depositors.

U.S. Federal Deposit Insurance Corporation said that they took over from the collapse of the banks is the lowest cost solution. All the depositors, including those who deposit amount is higher than the federal deposit insurance limit of depositors, will automatically become Omaha mutual bank depositors, "the total amount of the deposit remain the same." Depositors can also be opened over the weekend to check and withdrawals.

Bank of Omaha mutual Schmid said in a statement: "We all First National Bank of Nevada and the first traditional bank customers that their deposits are all safe, but it can extract. We will open for business tomorrow morning . "

First National Bank and the first traditional banks are located in Arizona, with the First National Bank Holding Company, due to decline in value of assets and revenue resulting capital shortage of bankruptcy. As at the end of June, the First National Bank total assets of 3.4 billion U.S. dollars, the first traditional bank total assets of 254 million U.S. dollars.

Analysts said that the U.S. banking crisis, with the U.S. housing market bubble burst has a direct relationship. With the continued low prices, many families into negative equity, and this negative equity crisis directly to the erosion of the gifted class banking loans, leading to malicious Wei Yueshuai been on the rise. Similar problems also exist in the credit card field, the largest U.S. bank deposits and loans, Washington Mutual Bank recently released second-quarter report revealed that the credit card sector to a loss of 175 million U.S. dollars.

Some industry sources said Washington Mutual's the same problem exists in other U.S. banks. This shows that the original loan-to-the so-called crisis, in fact, has already exceeded the loan-to-field, to the credit card field and the entire banking sector proliferation.

Second half of this year, the U.S. banking industry will no doubt be a painful period, its ability quickly out of its predicament, the key is the trend of the U.S. housing market. To save the city, the U.S. Congress recently passed a package of housing assistance bill. In addition to the bill to help Fannie Mae and premises of the United States out of its predicament, the buyers will also provide 15 billion U.S. dollars of the total purchase tax rebate, so as to promote the development of the real estate industry.

U.S. National Association of Realtors chief economist Lawrence Yun believe that with these relief measures implemented, the U.S. housing market is expected out of its predicament. The warmer the city, will also contribute to the stability of financial markets and, ultimately, the vitality of the U.S. economic recovery. However, these positive results, is likely to be felt until next year. (Shanghai Securities News Zhu Xian-kai)