I am having a hard time figuring out why the FDIC is not closing insolvent Puerto Rico banks. I can't think of one that has been closed yet several should be closed. Maybe they are scared to take such action on the island.
1) Mainland banks are a priority. FDIC does not have enough people, currently hiring.2) I guess they are waiting for WHI. EUBK and R&G are, de facto, dead. WHI is, formally, in compliance. My guess, by the end of Q1, it will be clear if WHI would survive or not.
R&G is dead. EUBK may be able to raise common capital and survive diluted. They are small enough that the money can easily be found. They might only need $50MM.WHI is much better off. If the FDIC would stop draining them dry, they would be making a decent profit.