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The collapse of 885 banks with total assets of $153 billion has cost the federal deposit insurance fund $426 billion over the past five years, the Federal Deposit Insurance Corp. has reported.
July 22 -
Experian Inc. and the Gallup Organization have started a monthly survey to measure consumers' likelihood of borrowing money.
March 2 -
The public's confidence in U.S. banks is up five percentage points from a year earlier, to 26%, according to a poll released Friday by Gallup.
June 14
Banking expert Dennis Jacobe, an economist who held top posts at the U.S. League of Savings and Loan Associations, the Financial Research Institute, and the Gallup Organization, has died.
Jacobe died Sept. 20 at Wake Forest University Baptist Hospital in Winston-Salem, N.C.,
A respected authority on the financial services industry, Jacobe began his career as a professor of economics at Arkansas College. He went on to serve as vice president of research at the U.S. League of Savings and Loan Associations and as co-chairman of the Financial Research Institute in Arlington, Va. He joined Gallup as chief economist in 1994, working there for almost 20 years.
Jacobe also provided consulting services to some of the nation's biggesy banks, including Citigroup (NYSE: C), Bank of America (BAC), JPMorgan Chase (JPM), and Wells Fargo (WFC). He was a special staff liaison to the Federal Reserve Board of Governors for the Thrift Industry Advisory Council for more than a decade.
A prolific and straightforward writer, he penned several opinion pieces for American Banker in the early 1990s. He
In later years, his economic analysis was frequently sought by media outlets including NPR and the Los Angeles Times. Much of his recent research at Gallup focused on the effects of the financial crisis, from
Jacobe is survived by his wife of over 43 years, Bernice; his three adult children; and three brothers.
