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

Europe Needs Deposit Insurance Scheme, Economist Rajan Says
Fox Business
Under EU law, banks are required to guarantee deposits of up to EUR100,000 but each country is still responsible for its banks. There is nothing in Europe equivalent to the Federal Deposit Insurance Corporation, the US government corporation that ...

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FDIC Sues on Mortgage-Backed Securities Sold to Failed Banks - San Francisco Chronicle


Latin American Herald Tribune
FDIC Sues on Mortgage-Backed Securities Sold to Failed Banks
San Francisco Chronicle
May 21 (Bloomberg) -- The Federal Deposit Insurance Corp. sued a group of banks, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Securities and Deutsche Bank AG, in two suits over mortgage-backed securities. The FDIC, acting as receiver ...
FDIC sues big banks over subprime mortgage losses Deutsche Welle
Alabama Bank Fails, Tally Hits 24 - Analyst Blog NASDAQ
Michael Bernier: Predatory bank behavior needs to be stopped Daily Camera
Bobsguide (press release)
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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 ...

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Alabama Trust Bank closes-FDIC - Reuters


Latin American Herald Tribune
Alabama Trust Bank closes-FDIC
Reuters
Southern States Bank of Anniston, Alabama, will assume all of the deposits of Alabama Trust Bank, the Federal Deposit Insurance Corporation said. As of March 31, Alabama Trust Bank had about $51.6 million in assets and $45.1 million in deposits, ...
Alabama Trust Bank fails CBS42
Federal officials close Alabama Trust Bank Daily Home Online
Government shuts down Sylacauga bank WBRC

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TEXT-FDIC adds detail to diminishing government support - Reuters


CBC.ca
TEXT-FDIC adds detail to diminishing government support
Reuters
(The following statement was released by the rating agency) May 11 - The Federal Deposit Insurance Corporation's (FDIC) elaboration of its plan to unwind failing banks has further clarified and reinforced the trend to remove federal support from US ...
FDIC head outlines strategy for seizing banks BusinessWeek
Banking regulator lays out plan to avoid future bailouts The Hill (blog)
FDIC Seeks to End 'Too Big to Fail' Bailouts KABC
Newser
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New Rules for Prepaid Debit Cards - New York Times


New York Times
New Rules for Prepaid Debit Cards
New York Times
A study by Pew, a nonprofit research group, also indicated that some customers were unaware their prepaid cards are not necessarily protected by the Federal Deposit Insurance Corporation. The bureau's new proposal would not address that issue.

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Secure deposits or risk run on Europe's banks, warns Russell manager - Citywire.co.uk

Secure deposits or risk run on Europe's banks, warns Russell manager
Citywire.co.uk
The fund manager said the EMU, or the ECB, would need to impose some sort of backstop akin to the United States Federal Deposit Insurance Corporation, which secures individual deposits up to $250000, in order to prevent major impact on the eurozone.

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Agencies Finalize Stress Test Guidance For Banks With More Than $10 Billion in ... - JD Supra (press release)

Agencies Finalize Stress Test Guidance For Banks With More Than $10 Billion in ...
JD Supra (press release)
by Katten Muchin Rosenman LLP on 5/22/2012 The Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC, and together, the agencies) on February 14 issued final supervisory guidance ...
Ballard Spahr | Banking Agencies Issue Joint Guidelines for Internal Stress ... Linex Legal (press release) (registration)
Stress test lite - here's one for you! Lexology (registration)

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Banking regulators shutter five banks across US - Reuters


ABC2 News
Banking regulators shutter five banks across US
Reuters
By Sarah N. Lynch and Dave Clarke | WASHINGTON (Reuters) - Federal and state banking regulators shut down five banks across the country on Friday, bringing the total number of bank failures this year to 22, the Federal Deposit Insurance Corporation ...
Regulators Close Banks In Maryland, Minnesota, South Carolina Wall Street Journal
First Federal Bank Assumes the Deposits and Purchases Substantially All the ... MarketWatch (press release)
State regulators take over two Maryland banks Baltimore Sun
PR Newswire (press release) - Charleston Post Courier - NASDAQ
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Florida Based Banesco USA Assumes All Deposits and Purchases Assets of ... - MarketWatch (press release)

Florida Based Banesco USA Assumes All Deposits and Purchases Assets of ...
MarketWatch (press release)
CORAL GABLES, Fla., May 5, 2012 /PRNewswire via COMTEX/ -- Florida based Banesco USA announced today that it has entered into a Purchase and Assumption Agreement with the Federal Deposit Insurance Corporation ("FDIC") as a whole bank transaction to ...

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