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11.09.2009 9:21 am

Failed Gateway Bank was small but significant

St. Louis Post-Dispatch

Gateway Bank of St. Louis, which was closed by regulators on Friday, was tiny in banking terms, with only $27 million of assets. Its historical significance, however, was much larger. Gateway was founded in 1965 as an black-owned bank, at…

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09.22.2009 1:48 pm

FDIC shouldn’t be beholden to banks it oversees

St. Louis Post-Dispatch

Why does anyone think it’s a good idea for the Federal Deposit Insurance Corp. to borrow money from some of the nation’s largest banks? That’s a trial balloon being floated by the agency, which insures deposits and regulates banks’ safety and…

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