TITLE

BankUnited Capital Caution

AUTHOR(S)
Kuehner-Hebert, Katie
PUB. DATE
December 2008
SOURCE
American Banker;12/18/2008, Vol. 173 Issue 243, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that BankUnited Financial Corp. may be closed down if it fails to meet a regulatory requirement by the U.S. Office of Thrift Supervision to secure additional capital. The $14.2 billion-asset company suffered several consecutive quarterly losses as it struggled to overcome exposure to souring option adjustable-rate mortgages.
ACCESSION #
35819530

 

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