FDIC Sues Bank Of America, JPMorgan, Others Over Toxic Mortgage Bonds That ... - Huffington Post


Latin American Herald Tribune
FDIC Sues Bank Of America, JPMorgan, Others Over Toxic Mortgage Bonds That ...
Huffington Post
The Federal Deposit Insurance Corp., which seized the two banks when they failed, filed the civil lawsuits Friday in federal court. The agency named as defendants banks including Citigroup, JPMorgan Chase, Bank of America, Credit Suisse, Deutsche Bank, ...
FDIC Bank Lawsuit Floodgates Ready to Open TheStreet.com
FDIC Sues on Mortgage-Backed Securities Sold to Failed Banks San Francisco Chronicle
Community Bank of Broward hit with regulatory order Bizjournals.com
Zacks.com - Las Vegas Sun - NASDAQ
all 131 news articles »

continue reading

Europe Needs Deposit Insurance Scheme, Economist Rajan Says - Fox Business

Europe Needs Deposit Insurance Scheme, Economist Rajan Says
Fox Business
MILAN – Europe needs an insurance plan for bank deposits that goes beyond national borders to head off bank runs fueled by fears of a change in currency, University of Chicago economist Raghuram Rajan said Tuesday. The scheme will need to be backed by ...

and more »

continue reading

Deposit insurance a positive for euro zone - Fitch - Reuters

Deposit insurance a positive for euro zone - Fitch
Reuters
LONDON May 22 (Reuters) - Any pooling of liability in the banking system through a euro zone wide deposit insurance scheme would be viewed as a positive by Fitch, the ratings agency told Reuters on Tuesday. "It would be encouraging.

continue reading

FDIC closes small bank in Alabama - Philadelphia Inquirer


Latin American Herald Tribune
FDIC closes small bank in Alabama
Philadelphia Inquirer
The Federal Deposit Insurance Corp. said Friday that it closed Alabama Trust Bank NA in Sylacauga. The bank had about $51.6 million in assets and $45.1 million in deposits as of March 31. Southern States Bank, based in Anniston, Ala., agreed to take ...
Alabama Trust is year's 24th US bank failure MarketWatch
Alabama Trust Bank closes-FDIC Reuters

all 96 news articles »

continue reading

PDIC starts paying small EIB depositors - Inquirer.net

PDIC starts paying small EIB depositors
Inquirer.net
MANILA, Philippines—The Philippine Deposit Insurance Corp. (PDIC) said it would start paying Tuesday small deposits placed in Export & Industry Bank, which the central bank ordered closed last month. In a statement, PDIC said depositors with accounts ...
PDIC to start paying Export Bank depositors May 22 GMA News
PDIC starts paying EIB depositors with P10,000 or below account balances Sun.Star
PDIC starts paying Export Bank's small depositors ABS CBN News
BusinessWorld Online Edition - Manila Standard Today
all 11 news articles »

continue reading

FDIC'S Gruenberg: We Could Dismantle Complex Firms Like JP Morgan If Needed - Fox Business

FDIC'S Gruenberg: We Could Dismantle Complex Firms Like JP Morgan If Needed
Fox Business
"Yes, I think we have the authority to manage that," said Martin Gruenberg, acting chairman of the Federal Deposit Insurance Corp., in response to a question on the sidelines of a financial-industry conference about whether the agency would have the ...

and more »

continue reading

Congressman accuses feds of targeting Georgia and Texas banks - Florida Times-Union

Congressman accuses feds of targeting Georgia and Texas banks
Florida Times-Union
Broun said bankers have told him that the Federal Deposit Insurance Corp. will continue to close Georgia banks until only 75 are left. “I don't know why,” he said during a campaign stop Monday. “Maybe because we're a Republican state.

and more »

continue reading

Regulators Explore Dodd-Frank Powers To Rescue 'Another AIG' - Wall Street Journal

Regulators Explore Dodd-Frank Powers To Rescue 'Another AIG'
Wall Street Journal
The Federal Deposit Insurance Corporation has begun a series of meetings in which it is working to simulate the failure of a "systemically important financial institution" or SIFI, according to people familiar with the matter. The FDIC is studying what ...

and more »

continue reading

Avoiding the Next Big Bailout - Wall Street Journal


Wall Street Journal
Avoiding the Next Big Bailout
Wall Street Journal
The FDIC, known more for its bank deposit insurance, is working to persuade major investors, analysts, economists and bankers that it is building an apparatus that could cleanly guide a massive financial firm to failure without a taxpayer bailout.
TEXT-FDIC adds detail to diminishing government support Reuters
Seized Financial Firms May Keep Doing Business in FDIC Plan BusinessWeek
FDIC head says strategy for seizing failing firms would aid stability by ... Washington Post
Fox Business - USA TODAY
all 211 news articles »

continue reading

FDIC shuts down 5 banks in 4 states, makes 22 US bank failures so far in 2012 - Washington Post


ABC2 News
FDIC shuts down 5 banks in 4 states, makes 22 US bank failures so far in 2012
Washington Post
The Federal Deposit Insurance Corp. said Friday that it shuttered Bank of Eastern Shore, in Cambridge, Md., as well as HarVest Bank of Maryland, in Gaithersburg. Regulators also closed Inter Savings Bank in Maple Grove, Minn., Plantation Federal Bank ...
Banking regulators shutter five banks across US Reuters
Regulators Close Banks In Maryland, Minnesota, South Carolina Wall Street Journal
Sonabank Acquires All Deposits and Loans of Gaithersburg-Based HarVest Bank of ... MarketWatch (press release)
Atlanta Journal Constitution
all 264 news articles »

continue reading