27/02/2015

And February Ends with a Big Bank Failure: Doral Bank Puerto Rico Seized by the FDIC

by John Galt February 27, 2015 18:00 ET Despite an error earlier in the day where the FDIC leaked the bank failure prematurely then retracted the statement (via Marketwatch) at 4:04 PM ET: FDIC releases Doral Bank failure news early This mistake of course caused the stock price to crater over 40% when it was already into the toilet: Of course the sell off was not premature and the story was accurate as just a short while ago, the FDIC website displayed this bank failure which is whopper where the Deposit…


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