institution

BankUnited

takeover

OTS

Citi

Vikram

Pandit

Bair



Prompt Corrective Action Directive zerohedge

The biggest financialin Florida, $14 billionof Coral Gables, was told by its regulator , the Office of Thrift Supervision, to find a buyer who would raise its depleted capital to acceptable levels or risk a government. In an ominously sounding "", thehas essentially given the bank a 20 day ultimatum. If Florida's biggest bank is on the hook, at a potential maximum taxpayer cost of $14 billion, maybe the stress test will not be just the fluff everyone is now expecting it to be. Then again,, with its $3 trillion in assets, being told to find a buyer in under three weeks, may not be the most amusing notion forand SheilaPS. Now that Goldman is a "retail" bank, don't they need a dpositor base? Anyone know the Stardust odds are on GS acquiring BankUnited in the next 2-3 weeks (with a loss sharing contract with the FDIC in place of course)?