Setbacks disclosed in regulatory filings this week raised questions about BankAtlantic Bancorp's (BBX Quote) chances to raise capital from the Treasury and Downey Financial's (DSL Quote) ability to survive to the weekend.
BankAtlantic Bancorp didn't specifically say it had applied to raise capital by issuing preferred shares to the Treasury through the Troubled Assets Relief Program, or TARP. But the Fort Lauderdale, Fla., thrift holding company's disclosure in a recent regulatory filing of a subpoena -- on top of a possibly problematic holding company structure -- could hurt its chances of having an application approved. Downey, in a third-quarter regulatory filing, expressed "substantial doubt" about its ability to survive the year, and the subsequent drubbing its shares took in the market could result in swift action by regulators.
BankAtlantic Bancorp
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