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Fdic Banks

Banks Pay Up For Deceiving Students

Reuters | Posted 08.08.2012 | Money

WASHINGTON, Aug 8 (Reuters) - Two banks have agreed to pay penalties to settle charges by U.S. banking regulators alleging they engaged in unfair and ...

FDIC Shutters Banks in Illinois and Indiana

Dennis Santiago | Posted 04.11.2012 | Business
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.

FDIC Joins Fed In Approving Volcker Rule Draft

AP | MARCY GORDON | Posted 12.11.2011 | Business

WASHINGTON — Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. ...

Total Number Of Troubled Banks Drops For First Time In Five Years

AP | By MARCY GORDON | Posted 10.24.2011 | Business

WASHINGTON -- The number of troubled banks tracked by the Federal Deposit Insurance Corp. fell in the April-June quarter, the first quarterly drop in ...

Regulators Pressure Banks To Help Victims and Local Economy By Loaning To Oil Spill Victims

AP | JEANNINE AVERSA | Posted 05.25.2011 | Green

WASHINGTON — Regulators urged banks to make loans to creditworthy people and businesses whose livelihoods have been hurt by the Gulf Oil spill. ...

End of Free Checking a Financial Squeeze: How Employers Can Help

Clare J. Morgan | Posted 05.25.2011 | Business
Clare J. Morgan

The free checking accounts many Americans enjoy will soon be a thing of the past as banks scramble to find new ways to recoup overdraft charges and other fees they're no longer allowed to impose.

Four More Banks SHUT DOWN, Expected Losses Total $320 MILLION

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Regulators on Friday shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in...

Problem Bank List Hits 15-Year High

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The agency that guarantees bank deposits said Thursday there are no immediate plans to borrow money from the government to bolster ...

Banking on Failure: FDIC Shutting Down Insolvent Banks at a Record Pace

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

FDIC Bair: Banks Lost $32.1 Billion In Fourth Quarter

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billi...

60 Minutes: Bank Failures And The FDIC

Huffington Post | Posted 05.25.2011 | Business

Television news magazine 60 Minutes went behind-the-scenes to show viewers what happens when a bank fails. 60 Minutes correspondent Scott Pelley fol...

FDIC's Bair: Insolvency A Possibility

Bloomberg | Alison Vekshin | Posted 05.25.2011 | Business

March 4 (Bloomberg) -- Federal Deposit Insurance Corp. Chairman Sheila Bair said the deposit insurance fund could dry up amid a surge in bank failures...

FDIC Tries To Break Lending Logjam With $1.4 Trillion Guarantee

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial res...

FDIC May Need $150 Billion As More Banks Fail

Bloomberg | David Evans | Posted 05.25.2011 | Business

Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won't budge. T...