A look at stories across HousingWire’s weekend desk…with more coverage to come on bigger issues: For the first time in a few weeks, the Federal Deposit Insurance Corp. closed a bank last week, as the four branches of Horizon Bank in Bradenton, Fla., were shuttered. Bank of the Ozarks in Little Rock, Ark., agreed to a loss-share transaction with the FDIC for $150.4 million of Horizon assets. At June 30, Horizon Bank had total assets of $187.8 million total deposits of $164.6 million. The FDIC said 119 bank have failed this year, including 23 in Florida. The FDIC recently said the number of banks on its “problem list” is at the highest level since 1993. New mandates under Dodd-Frank may create uncertainty for many financial advisers over the next year or so, according to Investment News. The Securities and Exchange Commission needs to write new rules and conduct more studies. And the new Consumer Financial Protection Bureau needs a director and staff. Meanwhile, Congress has yet to approve the SEC budget, according to Investment News. JPMorgan Chase analysts lowered estimates for a recovery in the housing market between next year and 2014. “The persistent high level of unemployment, the tight lending environment, a massive number of underwater loans and shadow inventory, and a potential increase in foreclosures will continue to drag home prices and prevent a V-shaped recovery,” analysts wrote in the firm’s monthly home-price update. The Basel Committee on Banking Supervision announced on Sunday the latest capital standards minimums for large, global financial firms. According to the committee, the reforms increase the minimum common equity requirement from 2% to 4.5%. In addition, banks will be required to hold a capital conservation buffer of 2.5% to withstand future periods of stress bringing the total common equity requirements to 7%. Critics of the ‘Basel 3’ initiatives say the new regulations will increase costs for clients. The institution is not swayed: Jean-Claude Trichet, President of the European Central Bank, said that “the agreements reached today are a fundamental strengthening of global capital standards.” He added that “their contribution to long term financial stability and growth will be substantial. The transition arrangements will enable banks to meet the new standards while supporting the economic recovery.” U.S. federal banking agencies support the agreement reached at Sundays meeting of the G-10 Governors and Heads of Supervision, adding that there is plenty of time to implement the changes without onerous side effects. “This transition period is designed to give institutions the opportunity to implement the new prudential standards gradually over time,” said the agencies, in an FDIC-released statement, “thus alleviating the potential for associated short-term pressures on the cost and availability of credit to households and businesses.” Write to Jason Philyaw.