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...Capital Markets analyst Gerard Cassidy says the U.S. banking system at the end of 2006 was more exposed to commercial real estate than at any other time that regulators have measured. That exposure, Cassidy believes, could result in as many as 1,000 bank failures by the end of 2012. "All the indicators on commercial real estate that we have seen suggest that there are real problems ahead for regional banks," says Cassidy. "It is just going to take a little while to get there...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

...dark cloud over regional banks is bad news for the FDIC, which provides deposit insurance, now to the level of $250,000 per account, at banks across the nation. At the end of last year, the FDIC had only $19 billion left to cover future failures. That's the lowest the FDIC's insurance fund has been in more than 15 years. As a result, on Friday the FDIC decided to raise the fee it charges large banks for deposit insurance. Also, President Obama recently agreed to allow the FDIC to borrow as much as $100 billion, up from...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

...exam proctors who will no longer return to Harvard’s campus for exam periods, the cut marks an unfortunate end to a gratifying experience. Many proctors are former schoolteachers and nurses, and they said they have enjoyed the opportunity to work with students in their retirement...

Author: By Wendy H. Chang and Manning Ding, CRIMSON STAFF WRITERSS | Title: Exam Proctors React to Job Cuts | 5/22/2009 | See Source »

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Author: By Wendy H. Chang and Manning Ding, CRIMSON STAFF WRITERSS | Title: Exam Proctors React to Job Cuts | 5/22/2009 | See Source »

...Biology Professor Charles Marshall said he welcomes the end of rigid testing rules that have, on occasion, obstructed his goals to educate...

Author: By Wendy H. Chang and Manning Ding, CRIMSON STAFF WRITERSS | Title: Exam Proctors React to Job Cuts | 5/22/2009 | See Source »

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