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Failed Banks

FDIC Bank Closures: The Devil Remains Down in Georgia

Dennis Santiago | Posted 05.02.2012 | Business
Dennis Santiago

The FDIC closed another bank in Georgia this week bringing the total to three so far in 2012. Global Commerce Bank in Doraville became the latest casualty of the bank clean up's march through the South.

FDIC Bank Failures on Feb. 24 Include Rare "No Acquirer" Event

Dennis Santiago | Posted 04.25.2012 | Business
Dennis Santiago

It doesn't happen very often, but this week one of the two banks closed by the FDIC failed to find a buyer. Such failures have been rare events to date as the regulator resolves troubled institutions.

FDIC Prepares To Crack Down On Officials Of Failed Banks

LA Times | E. Scott Reckard | Posted 05.25.2011 | Business

he Federal Deposit Insurance Corp. has told dozens of former bank officers and directors that it has drawn up lawsuits accusing them of misdeeds such ...

Who's in Control?

Marian Salzman | Posted 05.25.2011 | Business
Marian Salzman

This is the tenth in a series of 12 posts expounding on the 2011 forecasts in the annual trends report from Salzman, president of Euro RSCG Worldwide ...

FDIC Launches Criminal Investigations Of 50 Failed Banks

Wall Street Journal | Posted 05.25.2011 | Business

The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that ha...

Shahien Nasiripour

At Last, One Government Agency Considers Cutting Mortgage Principal For Distressed Homeowners | Shahien Nasiripour | Posted 05.25.2011 | Business

FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agenc...

FDIC, Reluctant Landlord, Owns $1.8 Billion In Real Estate

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Sheila Bair, de facto real estate magnate? As the mortgage market imploded over the past few years, the head of the Federal Deposit Insurance Corpor...

FDIC Fire Sale! 11 Homes For Under $10,000 (PHOTOS)

Huffington Post | Carlos Cagin | Posted 05.25.2011 | Business

Need a cheap home? Just call the FDIC. During the housing crisis, the Federal Deposit Insurance Company took over thousands of failed banks' soure...

Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 05.25.2011 | Business

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

Ryan Grim

Schumer: Failed 'Zombie' Banks Should Be Nationalized | Ryan Grim | Posted 05.25.2011 | Politics

Sen. Charles Schumer (D-N.Y.) believes that failed "zombie" banks, no matter what their size, should be taken over by the government, which should the...