TITLE

BankUnited, After Provision, Has Negative Tier 1 Capital

AUTHOR(S)
McGeer, Bonnie
PUB. DATE
April 2009
SOURCE
American Banker;4/21/2009, Vol. 174 Issue 75, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 will face difficulty in selling itself.
ACCESSION #
38016198

 

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