Story | Aug 15, 2014 | 12:21 PM
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Story | Aug 14, 2014 | 9:00 PMThe idea that some banks are "too big to fail" became common in 1984 when Continental Illinois was on the brink of failure. The seventh-largest bank in the U.S. at the time, Continental Illinois had $40 billion in assets, but many of those assets were bad loans, and investor fears of its failure led to a run on deposits that the FDIC responded to with an unprecedented bailout. The FDIC and other regulators feared that a complete collapse of the bank could lead to a larger financial crisis, and to avert that crisis, risk investors (bond holders) as well as insured depositors were bailed out.
Story | Aug 7, 2014 | 12:34 PM
Story | Aug 8, 2014 | 2:57 PM
Story | Aug 1, 2014
South Florida companies were the most active in attracting venture capital in the first half of the year — 13 of 25 in the state, according to a new report released by Internet Coast on Thursday. Mobile Help, a personal emergency alert device...