The summary from Jennifer Duffy at the Cook Political Report:
As expected, the Federal Deposit Insurance Corporation seized control Friday of Broadway Bank, the community bank owned by the family of Democratic Senate nominee Alexi Giannoulias.
The bank’s financial problems and its business relationships with people associated with corruption and organized crime have dogged Giannoulias’ campaign since early February when he became the nominee. Broadway’s failure will have an enormous impact on Giannoulias’ campaign, and it is entirely possible that the fallout could force him from the race. As such, the race is moving from the Toss Up to the Lean Republican column.
Given recent events, it’s impossible to justify keeping the race in the Toss Up column. While current circumstances would seem to lend themselves to a rating of Likely Republican, we know that it’s entirely possible that we could well be dealt a different hand – and a very different race – a month or two from now. As such, the race moves to the Lean Republican column.
(HT: David Freddoso)