Federal Deposit Insurance Corp

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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Does JPMorgan's Derivatives Fiasco Portend the Collapse of Crude Oil and Gasoline Prices?

Raymond J. Learsy | Posted 05.21.2012

Read More: Rex Tillerson, JPMorgan Chase, Price of Gasoline, Directional Bets, Speculation, Financial Derivatives, Exxonmobil, Federal Deposit Insurance Corp, Oil, Financial Crisis, Federal Reserve, Vlcc, Wall Street Banks, Jamie Dimon, Senate, Business News

It is a grotesque symbol of how the Wall Street banks control our government. Mr. Dimon, sir, out of respect to our waning confidence in government institutions, your resignation from the Fed Board is well past due.

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Watchdog Suspended For Wanting To Carry A Gun

Reuters | Posted 05.11.2012

Read More: U.S. Securities and Exchange Commission, Video, Integrity Committee, Law Enforcement, At-Risk, Council of Inspectors General on Integrity and Efficiency, Federal Deposit Insurance Corp, David Weber, Reuters, Watchdog, Sec, Bullet Proof Vest, Special Counsel for Enforcement at the Office of the Comptroller of the Currency, Gryphon Strategies, Business News

(Adds background about investigation into Weber in a previous job and detail throughout) By Sarah N. Lynch WASHINGTON, ...

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Government Considering Cracking Down On Overdraft Fees

Reuters | Posted 04.22.2012

Read More: Video, Debit Card, Bank Fees, Dodd-Frank, Federal Deposit Insurance Corp, Reuters, Moebs Services, Overdraft Fees, Federal Reserve, Atm, U.S. Consumer Financial Protection Bureau, Business News

By Dave Clarke WASHINGTON, Feb 21 (Reuters) - The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking a...

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Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012

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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Bank Loan Rates Could Spike Following Money Market Rules

Reuters | Posted 04.08.2012

Read More: Fidelity Investments, Bnp, U.S. Securities and Exchange Commission, Video, Mutual Funds, Lehman Brothers, Investment Company Institute, Net Asset Value, Federal Deposit Insurance Corp, Reuters, Money Market Funds, Wall Street Journal, Business News

By Karen Brettell NEW YORK, Feb 7 (Reuters) - The cost for banks and other borrowers to raise funds in short-term markets could jump ...

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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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Ten Free Checking Accounts For People Who Don't Bank

Reuters | Posted 03.13.2012

Read More: PNC Bank, Federal Deposit Insurance Corp., Usaa, Consumer Financial Protection Bureau, moneyrates.com, Reuters, Ally Bank, Banks, America First Credit Union, TCF Bank, Business News

By Lou Carlozo (Reuters) - The unbanked make up 7.7 percent of U.S. households, according to the Federal Deposit Insurance Corp., and...

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After Rejecting Two Previous Plans, Judge Sends WaMu Reorganization To Creditor Vote

AP | RANDALL CHASE | Posted 01.12.2012

Read More: Wmi, JPMorgan Chase, Washington Mutual Inc., Bankruptcy, Federal Deposit Insurance Corp., Wamu, Hedge Funds, Judge Mary Walrath, Business News

WILMINGTON, Del. -- The stage is set for creditors to vote on bank holding company Washington Mutual Inc.'s latest reorganization plan and for a heari...

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CFPB Ratchets Up Consumer Complaint Surveillance

Kevin L. Petrasic | Posted 02.07.2012

Read More: Regulations, Consumer Financial Protection Agency, Federal Deposit Insurance Corp, Cfpb, Business News

As the CFPB continues the process of ramping up its supervisory operations and consumer protection programs, a unique brand of consumer complaint supervision is emerging.

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FDIC: Banks Take Home Most Money In Four Years

AP | DEREK KRAVITZ | Posted 01.22.2012

Read More: Video, Quarterly Earnings, Fdic, Big Bank Earnings, Federal Deposit Insurance Corp, Business News, Bank Profits, Bank Earnings, Big Banks, Business News

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the ...

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Paul Volcker: Volcker Rule Too Complicated

Posted 01.09.2012

Read More: Financial Industry, Video, Bankruptcy, Hedge Funds, Federal Deposit Insurance Corp, MF Global, U.S. Federal Reserve, Paul Volcker, Volcker Rule, Private Equity, Business News

The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank tr...

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Occupy Wall Street Protestors 'Get A Life' -- Elect A President!

Raymond J. Learsy | Posted 12.23.2011

She may not know it yet, but the nation needs Sheila Bair. Her persona, her values, her experience would be an enormously timely gift to all of us.

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Steve Mnuchin, Meet Rose Gudiel

Peter Dreier | Posted 12.03.2011

Read More: SFM Capital Management, City Harvest, Annual Practical Magic Ball, Jennifer Love Hewitt, OneWest Bank, Rose Gudiel, Fdic, The Hirshhorn Museum and Sculpture Garden Board, Goldman Sachs, Maria Bello, Mariska Hargitay, Robert E. Mnuchin, Federal Deposit Insurance Corp, Alliance of Californians for Community Empowerment, Riverdale Country School, Indymac, LA Mayor Antonio Villaraigosa, Whitney Museum, TriBeCa Ball, Heather Mnuchin, Service Employees International Union, New York Presbyterian Hospital, Museum of the City of New York, Dune Capital, New York Academy of the Arts, Southhampton Hospital, Steve Mnuchin, Hilary Swank, Kathy and Rick Hilton, Debra Messing, Acce, Los Angeles? Museum of Contemporary Art., Joyful Heart Foundation, Blair Underwood, Seiu, Business News

Gudiel would like Mnuchin to visit her at her home, because his OneWest Bank is trying to evict her and her family. If Mnuchin won't come to visit Gudiel, she will visit him, and bring some of her neighbors and friends with her.

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The Dodd-Frank Living Will... Will It Work?

Kevin L. Petrasic | Posted 11.21.2011

Read More: Sifi, The Federal Reserve, Resolution Authority, Sec, Securities and Exchange Commission, Dodd-Frank, Federal Deposit Insurance Corp, Dodd-Frank Act, Dodd-Frank Living Will, Dodd Frank Bill, Business News

While it is tempting to think that things could have turned out differently for some of these firms if they had implemented and executed a Dodd-Frank living will, the reality is that probably not much would have changed.

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Federal Agency Objects To Bank Of America's $8.5 Billion Settlement

The Huffington Post | Alexander Eichler | Posted 10.29.2011

Read More: Video, Fdic, Countrywide, Federal Deposit Insurance Corporation, Countrywide Financial, Federal Deposit Insurance Corp, Bank of America, Financial Crisis, Warren Buffett, Bofa, Warren Buffett Bank of America, Bank of America Settlement, Business News

In June, a director at Bank of America described the company's 2008 acquisition of Countrywide Financial -- the mortgage lender whose holdings include...

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America Needs a President Who Will Confront the Financial Industry's Hegemony Over Our Lives

Raymond J. Learsy | Posted 09.13.2011

Read More: Treasury Secretary Geithner, Politics, Goldman Sachs, Federal Deposit Insurance Corp, Deborah Salomon, Financial Crisis, Joe Nocera, Aspen Ideas Festival 2011, Sheila Bair, Dodd-Frank Bill, Business News

No one in a position of authority in our government today seems to understand fully the threat to American institutions and ideals represented by the untrammeled clout the financial industry now holds in Washington.

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Colorado Banks Shut Down By Regulators

AP | Posted 09.08.2011

Read More: Signature Bank, Fdic, Colorado Capital Bank, Bank Reform, Federal Deposit Insurance Corp, Denver News, Banking Industry, Colorado Banks, Banks Shut Down, Denver News

WASHINGTON (AP) -- Regulators shut down a bank in Illinois and two in Colorado on Friday, boosting to 51 the number of U.S. bank failures this year. ...

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FDIC Sues Former IndyMac Bank CEO

Posted 09.06.2011

Read More: Michael-Perry, Indymac, Mortgage Crisis, 2008 Financial Crisis, Subprime Mortgages, Fdic, Sheila Bair, Lawsuit, Federal Deposit Insurance Corp, Business News

(Mihir Dalal) - The Federal Deposit Insurance Corp sued former IndyMac Bank Chief Executive Michael Perry to recover over $600 million in damages ...

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Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 09.05.2011

Read More: The Financial Services Roundtable, JPMorgan Chase, Goldman Sachs, Wall Street Executives, Fdic, Morgan Stanley, 2010 Dodd-Frank Financial Oversight Law, Office of Thrift Supervision Director, The Clearing House, Federal Deposit Insurance Corp, Comptroller of the Currency, Banks, Regulators, American International Group, Executives Compensation, American Bankers Association, Business News

HuffPost Update: The FDIC approved a rule Wednesday that allows regulators to claw back up to two years of Wall Street executives' pay if they are fou...

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Regulators Warns Banks Of 'Effective And Malicious' Hacker Attacks

Posted 08.28.2011

Read More: U.S. Senate, Federal Financial Institutions Council, Bank Hacking, Authentication Mechanisms, Citigroup Inc, Computer Hacking, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency, Federal Reserve, Banks, Consumers, Bank Regulators, Hackers, Video, Business News

WASHINGTON - Bank regulators warned banks to be on guard against increasingly clever computer hacking on Tuesday, indicating heightened alert agai...

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JPMorgan Exec Slams Regulations

The Huffington Post | William Alden | Posted 08.16.2011

Read More: JPMorgan Chase, Dodd-Frank, Wall Street, Economic Crisis, Federal Deposit Insurance Corp, Financial Crisis, Jamie Dimon, Sheila Bair, Basel-Accord, Capital Requirements, Business News

Executives at JPMorgan Chase aren't happy about the prospect of the government telling them how much money they must hold over for a rainy day. Th...

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Citigroup Cyber Attack Affected 360,000 Credit Card Accounts

Posted 08.16.2011

Read More: Citigroup Inc., Westpac, Cyber Hackers, The Hong Kong Monetary Authority, Lockheed Martin, Federal Deposit Insurance Corp, Anz, Credit Card, Security Measures, ID Numbers, IDC Financial Insights, Google Inc, Sony, Business News

NEW YORK/HONG KONG (Maria Aspan & Kelvin Soh) - Citigroup Inc said a cyber attack in May affected almost twice as many accounts as the bank's figu...

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No More Bailouts For Wall Street, Regulator Says

HuffingtonPost.com | William Alden | Posted 08.14.2011

Read More: Tarp, Wall Street Bailout, Fdic, Bailout, Troubled Asset Relief Program, Taxpayer Bailout, Economic Crisis, Federal Deposit Insurance Corp, Business News, Christy Romero, Financial Crisis, Federal Reserve, Timothy Geithner, Michael-Krimminger, Business News

The era of Wall Street bailouts is over, a top government regulator told Congress on Tuesday. The financial reform legislation passed last summer b...

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Obama Announces Pick For FDIC Chairman

AP | By DARLENE SUPERVILLE | Posted 08.10.2011

WASHINGTON -- President Barack Obama said Friday that he will nominate Martin J. Gruenberg to become chairman of the Federal Deposit Insurance Corp. ...

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