Fdic

Catherine New

FDIC Says It Will Investigate Payday Loans Made By Banks

HuffingtonPost.com | Catherine New | Posted 06.01.2012

Read More: Fifth Third, Regions Payday Loan, Payday Lending, Checking Account, Fdic, Advance Deposit, Bank Fee, Wells Fargo, Direct Deposit, US Bank, Overdraft Fee, Bank Payday, Money News

Federal regulators are launching an investigation into a shadowy practice that banks don't like to advertise: inhouse payday loans. These high-interes...

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Sheila Bair as Vice President. Governor Romney, Are You Listening?

Raymond J. Learsy | Posted 05.28.2012

Read More: Fdic, Cnbc, JPMorgan Chase, President Obama, Wall Street, Maria Bartiromo, Bain Capital, Governor Romney, Crony Capitalism, Congress, Business, Financial Crisis, Heila Bair, Dodd-Frank Bill, Sheila Bair, Politics News
Raymond J. Learsy

Romney is identified hand and fist with Wall Street's interests. Yet it is still early in the campaign. It would be a coup were his campaign to look to that singular personage in government who fought tooth and nail for the interests of everyday America.

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A Danger Lurking in the Shadows

Micah Hauptman | Posted 05.23.2012

Read More: Federal Reserve, Financial Crisis, Fdic, Financial Regulation, Financial Reform, Too Big to Fail, Business News
Micah Hauptman

An unaddressed cause of the 2008 financial crisis was banks' reliance on elaborate schemes called repurchase agreements, or "repos," to fund their operations. Four years later, the usual suspects remain heavily dependent on them, endangering the financial system.

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Feds Sue BofA, JPMorgan, Others Over Toxic Mortgage Bonds

AP | Posted 05.22.2012

Read More: Federal Deposit Insurance Corp., Fdic, Mortgage Securities, Bank of America, Mortgage Crisis, Royal Bank of Scotland, Hsbc, Deutsche Bank, Ubs, JPMorgan Chase, Video, Credit Suisse, Strategic Capital Bank, Citizens National Bank, Fdic Sues, Ap, Citigroup, Business News

WASHINGTON (AP) — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks ...

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Mark Gongloff

Regulator Outlines Strategy To Avoid Future Wall Street Bailouts

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012

Read More: Video, Fdic, Federal Deposit Insurance Corporation, Martin Gruenberg, Too Big to Fail, Financial Crisis, Banks, Financial System, Wall Street Banks, 2010 Financial Overhaul Law, Big Banks, Business News

The problem with banks being too big to fail is not necessarily their bigness, but their failure. Like a runaway train plowing through a city block, a...

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The High Cost of the Fed's Low Rates

Richard Barrington | Posted 05.01.2012

Read More: Federal Reserve, Personal Finance, Money, Economy, Interest Rates, Deposits, Inflation, Fdic, Consumer Price Index, Money News
Richard Barrington

With the economic recovery still lagging, the intended rewards of the Federal Reserve's aggressive campaign to lower interest rates have yet to be realized. But the cost of that campaign to depositors can be counted, and it may have exceeded $200 billion in the last year alone.

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FDIC Ends April 2012 Closing Five More Banks

Dennis Santiago | Posted 04.28.2012

Read More: Dennis Santiago, Fdic, Institutional Risk Analytics, Community Banks, Bank Crisis, Bank Closures, Fdic Bank Closures, Money News
Dennis Santiago

Like a wave of tornadoes touching down, the FDIC struck across the country on Friday shuttering five banks from coast to coast.

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Why You Shouldn't Buy Treasury's Line On The Bailouts

Bloomberg View | Jonathan Weil | Posted 04.20.2012

Read More: White House, Treasury Department, Continental Illinois National Bank & Trust Co, U.S. Federal Housing Administration, Video, Fdic, Freddie Mac, Financial Sector, Troubled Asset Relief Program, Fannie Mae, Federal Reserve, Taxpayers, Business News

The U.S. Treasury Department wants the public to believe the government’s bailouts of the financial sector might make money for taxpayers. It’s ea...

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Meddling in Banks Causes Its Own Perils

Clifford W. Smith | Posted 04.04.2012

Read More: Banks, Financial Institutions, Federal Reserve, Big Bank Bailout, Fdic, Liquidity, The Fed, Business News
Clifford W. Smith

We are creating monumental problems down the road from regulators pursuing this disruptive, counterproductive and dysfunctional course of protecting the banks and also intervening with their operations.

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Bank Closure in Dearborn: A Sad Ending for Fidelity's Long Struggle

Dennis Santiago | Posted 05.30.2012

Read More: Dennis Santiago, Sec, Fdic, Institutional Risk Analytics, Bank Failures, Dearborn Michigan, Nasdaq, Business News
Dennis Santiago

The fatal combination of being on the outs with Wall Street and the atrophy of the size of the business proved insurmountable and culminated in today's failure.

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Chicago Takes a Hit From the FDIC as New City Bank Fails With No Acquirer

Dennis Santiago | Posted 05.09.2012

Read More: Dennis Santiago, Fdic, Institutional Risk Analytics, Bank Failures, Chicago, Business News
Dennis Santiago

The FDIC closed the second bank of 2012 to fail with no acquirer today. South Michigan Avenue became the focus of Friday evening activities to shutter the $71 million institution.

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FDIC Bank Closures: The Devil Remains Down in Georgia

Dennis Santiago | Posted 05.02.2012

Read More: Dennis Santiago, Banking, Economic Recovery, Fdic, Institutional Risk Analytics, Failed Banks, Business News
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.

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Prepaid Debit Cards: A Brief Guide to What Really Matters

Jonathan B. Mintz | Posted 04.30.2012

Read More: Debt, Prepaid Card Tips, Prepaid Card Fees, Prepaid Credit Cards, Prepaid Cards, Prepaid Card Regulation, Fdic, Credit Cards, Prepaid Card Advice, Credit Card Industry, Debit Cards, Consumer Protection, Pepaid Debit Cards, Money News
Jonathan B. Mintz

More than $140 billion moves through prepaid debit cards every year in this country. Given the wide range of these products, consumers and regulators must find ways to navigate what really matters.

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

Dennis Santiago | Posted 04.25.2012

Read More: Banking, Dennis Santiago, Fdic, Economic Recovery, Institutional Risk Analytics, Failed Banks, Business News
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.

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Bankers Avoiding Paying Fines Demanded From Lawsuits

Reuters | Posted 04.24.2012

Read More: Financial Crisis, FDIC Lawsuit, Fdic, Bank Lawsuits, Mortgage Crisis, Fdic Bank Lawsuits, Reuters, Business News

* FDIC files 22 lawsuits, none has yet gone to trial * Former Nevada bank execs didn't pay a dime in deal * Analysis of ...

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Tyler Cowen Tackles the Big-bank Problem

Robert Teitelman | Posted 04.17.2012

Read More: Fdic, Ringfencing, Lehman Brothers, Arnold Kling, The New York Times, Drexel Burnham Lambert, Too-Big-to-Fail, Bear Stearns Cos., Stephen Williamson, Tyler Cowen, Glass-Steagall, S&Ls, Business News
Robert Teitelman

Over the weekend, Tyler Cowen put up a column in The New York Times arguing a) that financial institutions should not be broken up and b) that shareho...

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Financial Regulators Don't Reflect America's Diversity

Preeti Vissa | Posted 04.16.2012

Read More: Fdic, Federal Reserve, Banking Crisis, Banks, Foreclosure Crisis, Securities and Exchange Commission, Diversity, Financial Reform, Business News
Preeti Vissa

Could the crisis have been averted if our financial regulators were more plugged into the communities that were hit first and hardest?

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FDIC Shutters Banks in Illinois and Indiana

Dennis Santiago | Posted 04.11.2012

Read More: Fdic, Bank Failures, FDIC Bank Failures, FDIC Banks, Business News
Dennis Santiago

On Feb. 10, 2012 the FDIC shifted bank closure activity from the south to the center of the country this week failing Charter National Bank and Trust in Hoffman Estates, Ill. and SCB Bank of Shelbyville, Ind.

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Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012

Read More: Fabrice Tourre, Fdic, Banker Pay, Financial Risk, Clawbacks, Junior Bankers, Big Banks, Wall Street Compensation, JPMorgan Chase, Goldman Sachs, Video, Morgan Stanley, Wall Street, Federal Deposit Insurance Corp, Financial Crisis, Wall Street Pay, Financial Regulation, Bank Clawbacks, Risk, Business News

Two major Wall Street firms say their executives will face the same repercussions for misconduct as everybody else at the company -- but it's not clea...

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FDIC Resumes Bank Closings

Dennis Santiago | Posted 03.21.2012

Read More: Dennis Santiago, Economic Recovery, Fdic, Bank Failures, Institutional Risk Analytics, Business News
Dennis Santiago

The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator.

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Regulator Approves Rule Requiring Big Banks To Submit 'Living Will'

AP | By MARCY GORDON | Posted 01.17.2012

Read More: Business News, Big Banks Living Will, Systematically-Important-Financial-Institutions, Financial Crisis, Video, Fdic, Fdic Living Will Rule, Big Banks, Financial Reform, Federal Deposit Insurance Corp, Business News

WASHINGTON -- The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The ...

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Catherine New

In WaMu Settlement, An Easy Way Out For Former Executives

HuffingtonPost.com | Catherine New | Posted 12.13.2011

Read More: Fdic, Executive Pay, Subprime Mortgages, Washington Mutual, Subprime Lending, Economic Crisis, Washington Mutual Collapse, Adjustable-Rate Mortgages, Mortgage Crisis, Financial Crisis, Executive Compensation, Recession, Business News

In what essentially amounts to pocket change when compared to the billions that Washington Mutual made in risky loans, three former top executives of ...

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Where Would We Be If...

Jim Worth | Posted 02.12.2012

Read More: Taxes, Fdic, Social Security, Deficit, Recovery, Unemployment, Politics, Economy, Jobs, Congress, Medicare, Republicans, Gramm/Leach/Bliley, Glass-Steagall, Politics News
Jim Worth

As Republicans strive to strip the programs that prevented us from falling into another Great Depression, their arguments are devised to distract us from the truth.

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It's (Still) A Wonderful Life: A Remake

Richard Barrington | Posted 02.08.2012

Read More: Personal Finance, Banking, Loans, Refinance, Interest Rates, Fdic, Debt, It's a Wonderful Life, Jimmy Stewart, It's a Wonderful Life Remake, Business News
Richard Barrington

With remakes being so popular in Hollywood, and with banks being so much in the news this year, it begs the question: Could this film be adapted for today's banking environment?

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Improving Your Agency's Best Places to Work in the Federal Government Ranking

Tom Fox | Posted 02.02.2012

Read More: Fdic, Opm, Bureau of Engraving and Printing, U.S. Patent and Trademark Office, Best Places to Work in the Federal Government Rankings, Office of Personnel Managment, Federal Deposit Insurance Corporation, Pto, Bep, Department of Treasury, Partnership for Public Service, Politics News
Tom Fox

Organizations struggling to improve their rankings would be wise to understand what successful agencies have done, and then adopt those strategies to build a more engaged and, ultimately, a more effective workforce.

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