FDIC

FDIC Objects to BofA $8.5B Mortgage-Bond Deal

(Source: By David McLaughlin and Dakin Campbell) – The Federal Deposit Insurance Corp. filed an objection to Bank of America Corp. (BAC)’s proposed $8.5 billion mortgage-bond settlement with investors, joining investors and states that are challenging the agreement.


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US Bank Closures Reach 63 In 2011 As Regulators Close Two Banks

(Source: RTTNews) – The Federal Deposit Insurance Corp. or FDIC announced Friday the closure of two U.S. banks, taking the count of U.S. bank closures in 2011 to 63, after the 157 bank closures in 2010.


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Georgia Is Still Getting Crushed With Bank Failures

(Source: Business Insider Thornton McEnery) – In the state of Georgia these days, banks seem to be falling into default like peaches fall from the trees.


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FDIC Accuses 2 bankers of Unsound Acts, May Ban Them

(Source: The News Tribune by CR Roberts) – The Federal Deposit Insurance Corp. has issued scathing accusations against two former Washington bankers who helped preside over the failures of their banks.


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Regulators Close Three Banks; US Bank Closures Reach 58 In 2011

(Source: RTTNews) – The Federal Deposit Insurance Corp. or FDIC announced Friday the shuttering of two banks in Florida, and one in Colorado, taking the count of U.S. bank closures in 2011 to 58, after the 157 bank closures in [...]


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Outgoing FDIC Chair Sheila Bair Says Goodbye & Real Estate Is To Blame

(Source: Co-Star By Mark Heschmeyer) – In her last Capitol Hill appearance before retiring Sheila Bair, now retired chairman of the Federal Deposit Insurance Corp. (FDIC), said the bank insurer still needs to keep its focus on real estate. The [...]


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FDIC Sues IndyMac Ex-CEO For Negligence

(Source: NPR) – The government has been criticized for not prosecuting bank executives for their role in the financial crisis, but regulators are seeking payback.


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Sheila Bair Exits FDIC

NEW YORK (Source: CNNMoney Ben Rooney) — The chairman of the FDIC is not usually a household name. But the last few years have been anything but usual.


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Big Isn’t Always Better: Which Banks are Top SBA Lenders?

(Source: Sign on San Diego By Penni Crabtree) – It can be a David and Goliath banking story when it comes to supporting San Diego small businesses with U.S. Small Business Administration-backed loans.


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FDIC’s Bair to Tell Congress Banks Need to Raise More Capital

(Source: Bloomberg By Meera Louis and Cheyenne Hopkins) – U.S. banks must be willing to raise capital to guard against a potential financial crisis that could have severe consequences, Federal Deposit Insurance Corp. Chairman Sheila Bair will tell lawmakers at [...]


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FDIC Calls for Stricter Security Efforts After Citigroup Hacking

(Source: By Rachel Roubein, USA TODAY) – Federal regulators are pushing banks to keep customer financial information more secure after about 200,000 Citigroup credit card accounts were hacked last month.


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FDIC: 12 Percent of Banks at Risk of Failing

(Source: Third Age by Roberta Seldon) – Nearly 12 percent of FDIC-insured banks were at risk of failing in the first three months of 2011, the Associated Press reports. That number, the highest level seen in 18 years, is nearly [...]


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