BankUnited Increases Its Loss Forecast

Kuehner-Hebert, Katie
January 2009
American Banker;1/29/2009, Vol. 174 Issue 19, p16
Trade Publication
The article reports that BankUnited Financial Corp. announced that it expected to lose $607 million in the company's 2008 fourth quarter, more than it had originally expected to lose in that time period. The banking company is under a regulatory order to raise capital or risk seizure, the article states. The company also indicated that it planned to file an annual report in February 2009.


Related Articles

  • BankUnited Outlook Cut. Gordon, Jennifer // American Banker;1/29/2008, Vol. 173 Issue 19, p20 

    The article looks at the financial standing of BankUnited Financial Corp. The rating agency Fitch Inc. is giving BankUnited a "negative" rating due to a credit deterioration after a reported $25.5 million net loss after it increased its loan-loss provision to $65 million. Fitch also encourages...

  • BankUnited Posts Loss, Plans Refis. Dobbs, Kevin // American Banker;8/11/2008, Vol. 173 Issue 154, p16 

    The article reports that BankUnited Financial Corp. announced on August 8, 2008 that it had lost $117 million in the third fiscal quarter of 2008. The company blamed losses in its mortgage loans for the quarterly loss. It plans to work hard throughout 2008 to keep its customers from defaulting,...

  • BankUnited, After Provision, Has Negative Tier 1 Capital. McGeer, Bonnie // American Banker;4/21/2009, Vol. 174 Issue 75, p4 

    The article discusses the report of BankUnited Financial Corp. that its thrift unit had negative capital levels as of December 31, 2008. The need for the company to quickly find a buyer in order to avoid the risk of seizure is noted, mentioning the belief of financial experts that the company...

  • Fla.'s BankUnited Changing Its Mix After $25.5M Loss. Gordon, Jennifer // American Banker;1/28/2008, Vol. 173 Issue 18, p20 

    The article reports that BankUnited Financial Corp. of Coral Gables, Florida plans to cut expenses and switch its emphasis to commercial lending after declaring a $25.5 million loss in the fourth quarter of 2007. The losses stemmed from the company's mortgage loan portfolio in one of the regions...

  • BankUnited of Fla. To Face Capital, Mortgage Queries. Gordon, Jennifer // American Banker;1/9/2008, Vol. 173 Issue 6, p20 

    The article reports that BankUnited Financial Corp. is expected to announce further problems related to the fall in U.S. housing prices when it makes its quarterly earnings statement in January, 2008. The company's stock fell 80 percent in 2007. The Florida-based firm has a large portfolio of...

  • BankUnited of Fla. Takes $11M Loss as It Revamps. Whiteman, Louis // American Banker;4/22/1999, Vol. 164 Issue 76, p7 

    Reports on the financial losses posted by Florida-based BankUnited Financial Corp. in the first quarter of 1999. Share price; Assets and liabilities; Financial recovery strategies; Comments from bank officials.

  • Profits jump 166% at BankUnited in Florida, mostly because of deal. O'Hara, Terence // American Banker;4/25/1997, Vol. 162 Issue 79, p6 

    Reports on the financial performance of Florida-based BankUnited Financial Corp. Percentage of the surge in company's first-quarter 1997 earnings; Figures on the bank's grown assets, loan portfolio, and deposits.

  • BankUnited to Use Funds for N.Y. Deals.  // American Banker;10/26/2010, Vol. 175 Issue 164, p16 

    The article states that BankUnited lending company plans to file an initial public offering in late October or early November 2010 and use the proceeds to buy banks based in New York.

  • Free to fail. Bamrud, Joachim; Zellner, Mike // Latin Trade (English);Mar1999, Vol. 7 Issue 3, p28 

    Focuses on the changes in the Ecuadorian government's supervision of banks under President Jamil Mahuad. Troubled banks closed by the government in 1998; Causes of the banking system's problems; Importance of better regulation to the credibility of the country's financial system; Efforts of the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics