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Federal Deposit Insurance Corp

JPMorgan Goes After Feds For More Than $1 Billion

Reuters | Posted 02.17.2014 | Business

By Bernard Vaughan NEW YORK, Dec 17 (Reuters) - JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court ...

Regulators Push For Big Move Against Too Big To Fail

Reuters | Posted 08.21.2013 | Business

By Douwe Miedema WASHINGTON, June 21 (Reuters) - Two top U.S. bank regulators are pushing to double capital requirements for the count...

Wall Street Records Biggest Profit Since Before The Financial Crisis

Reuters | Posted 04.28.2013 | Business

WASHINGTON, Feb 26 (Reuters) - The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, accordin...

Our Next Secretary of the Treasury: A Woman or Jamie Dimon

Raymond J. Learsy | Posted 01.28.2013 | Business
Raymond J. Learsy

Selecting Jamie Dimon would be a gift to the powerful investment bank constituency plying their trade already in the all too comfortable niche of 'too big to fail.'

Arthur Delaney

Obama Foreclosure Prevention Program 'Cheated Borrowers,' Former Bank Regulator Says

HuffingtonPost.com | Arthur Delaney | Posted 09.25.2012 | Politics

WASHINGTON -- Former bank regulator Sheila Bair cringed when President Barack Obama promised at an Arizona high school gymnasium in 2009 that his admi...

'Make No assumption Of Extraordinary Support From The Public Sector'

Reuters | Posted 10.09.2012 | Business

* Regulators asked five big banks to make "recovery plans" * Banks include BofA, JPMorgan and Goldman Sachs * Plans outl...

Jamie Dimon's Malign Influence On The Culture Of American Banking

Raymond J. Learsy | Posted 09.12.2012 | Business
Raymond J. Learsy

Prop trading and gambling with depositors money, together with the housing debacle, has focused the anger of the American people on Wall Street. Dimon has made himself the standout of both excesses and has used his position and the resources of his bank to exacerbate both.

Simon Johnson: Banks' Living Wills Aren't Cure For Systemic Risk

Bloomberg View | Simon Johnson | Posted 07.09.2012 | Business

Bloomberg View On July 3, the Federal Deposit Insurance Corp. and the Federal Reserve made public portions of the “living wills” developed rece...

Banks Submit Living Wills

Reuters | Posted 08.26.2012 | Business

* Plans must show how to close bank safely * Public goal: Stop too-big-to-fail bailouts * Possible result: Smaller banks...

Bair: Regulators Should 'Admit They'd Made A Mistake' With JPMorgan

Reuters | Posted 08.14.2012 | Business

* Bair says doesn't like "piling on" over JPMorgan * Says loss does not threaten viability of the bank * But says it doe...

Dimon Cutters

Michael Farr | Posted 06.14.2012 | Business
Michael Farr

No matter what anyone tells you, it stands to reason that this European crisis is significant and will be around for quite a while longer. What will markets do?

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

Raymond J. Learsy | Posted 05.21.2012 | Business
Raymond J. Learsy

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.

Watchdog Suspended For Wanting To Carry A Gun

Reuters | Posted 07.10.2012 | Business

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

Government Considering Cracking Down On Overdraft Fees

Reuters | Posted 04.22.2012 | Business

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

Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012 | Business

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...

Bank Loan Rates Could Spike Following Money Market Rules

Reuters | Posted 04.08.2012 | Business

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

Ten Free Checking Accounts For People Who Don't Bank

Reuters | Posted 03.13.2012 | Business

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

CFPB Ratchets Up Consumer Complaint Surveillance

Kevin L. Petrasic | Posted 02.07.2012 | Business
Kevin L. Petrasic

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.

Paul Volcker: Volcker Rule Too Complicated

Posted 01.09.2012 | Business

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 tradin...

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

Raymond J. Learsy | Posted 12.23.2011 | Politics
Raymond J. Learsy

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.

Steve Mnuchin, Meet Rose Gudiel

Peter Dreier | Posted 12.03.2011 | Business
Peter Dreier

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.

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

Kevin L. Petrasic | Posted 11.21.2011 | Business
Kevin L. Petrasic

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.

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

The Huffington Post | Alexander Eichler | Posted 10.29.2011 | Business

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

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

Raymond J. Learsy | Posted 09.13.2011 | Business
Raymond J. Learsy

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.

FDIC Sues Former IndyMac Bank CEO

Posted 09.06.2011 | Business

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