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Federal Deposit Insurance Corporation

$7 Billion Citigroup Settlement Announcement Expected Monday

Reuters | Karen Freifeld and Aruna Viswanatha | Posted 07.14.2014 | Business

NEW YORK, July 13 (Reuters) - Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the...

16 Major Banks Slammed With Lawsuit

Reuters | Posted 03.14.2014 | Business

NEW YORK (Reuters) - The Federal Deposit Insurance Corporation sued 16 of the world's largest banks on Friday, accusing them of collusively suppressin...

Feds Call For Help With Private Student Loans

The Huffington Post | Tyler Kingkade | Posted 07.29.2013 | Business

Three federal regulatory agencies are calling on banks that issue private student loans to assist struggling borrowers, as recent college graduates ac...

Regulator Seeks Advice On Watering Down Volcker Rule

Reuters | Posted 07.25.2012 | Business

* US CFTC to examine hedging, market-making exemptions * Rule received new scrutiny since JPMorgan trading loss * Sheila...

Mark Gongloff

Regulator Outlines Strategy To Avoid Future Wall Street Bailouts | Mark Gongloff | Posted 07.10.2012 | Business

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...

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

Tom Fox | Posted 02.02.2012 | Politics
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.

Obama Nominates Big Bank Critic To Key Financial Regulatory Post

Posted 12.21.2011 | Business

President Barack Obama on Thursday nominated a prominent critic of large banks for a key banking industry regulatory post. The White House said Oba...

Bonnie Kavoussi

Volcker Rule Has Been Watered Down, Experts Say | Bonnie Kavoussi | Posted 12.11.2011 | Business

Federal regulators released on Tuesday a draft of the long-anticipated Volcker rule, a regulation that will limit large banks' bets with their own mon...

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...

Tim Geithner: President Should Veto Any Legislation Weakening Financial Reform

Wall Street Journal | Timothy Geithner | Posted 09.19.2011 | Business

In June 2009, the administration submitted to Congress a proposal that would fundamentally reshape the financial system. It was designed to lay a stro...

Shahien Nasiripour

Regulators Scrutinizing Mortgage Lawsuits Against Banks | Shahien Nasiripour | Posted 09.05.2011 | Business

WASHINGTON -- Federal bank regulators are scrutinizing more than 150 home loan-related lawsuits directed at lenders and mortgage companies, a top offi...

Departing Regulator: Government, Banks Suffer From 'Short-Termism'

The Huffington Post | Bonnie Kavoussi | Posted 08.25.2011 | Business

Sheila Bair, outgoing chair of the Federal Deposit Insurance Corp., said on Friday that the American government and financial system are in danger of ...

FDIC Chair 'Very Concerned' EU Banking System Could Destabilize Global Economy

Posted 08.16.2011 | Business

A top bank regulator said she is "very concerned" the European banking system has the potential to become a future source of financial instability, ac...

Simon Johnson: Why The FDIC Couldn't Have Saved Lehman

Economix | Simon Johnson | Posted 06.28.2011 | Business

Under the Dodd-Frank financial regulation legislation (in Title II of that act), the Federal Deposit Insurance Corporation is granted expanded powers ...

FDIC Chair: Divide Banks Into High-Risk, Low-Risk Sections

The Huffington Post | Maxwell Strachan | Posted 06.18.2011 | Business

With her time winding down as head of the Federal Deposit Insurance Corporation, Sheila Bair has suggested the U.S. follow a British proposal that cou...

Megabank Myths

The New York Times | SIMON JOHNSON | Posted 05.31.2011 | Business

Back when it really mattered -- last spring, during the debate over the Dodd-Frank financial regulation -- Senator Ted Kaufman, Democrat of Delaware, ...

FDIC Proposes A Solution For 'Too Big To Fail'

Reuters | Dave Clarke | Posted 05.25.2011 | Business

(Reuters) - Creditors who help authorities liquidate a troubled financial firm would be among those paid off first among unsecured creditors, accordin...

FDIC Considers Revoking Pay From Executives Responsible For A Failed Financial Company

Bloomberg News | Meera Louis | Posted 05.25.2011 | Business

March 15 (Bloomberg) -- The Federal Deposit Insurance Corp. is seeking comment on a measure that may subject executives and directors to clawbacks of ...

FDIC Slow To Pursue Bank Directors, Recover Funds

Posted 05.25.2011 | Business

By Ben Hallman The Center For Public Integrity As the chief undertaker of the Great Recession, the Federal Deposit Insurance Corp. has briskly shu...

Bernanke: Regulators Can Handle 'Too Big To Fail' Banks

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Fed chairman Ben Bernanke said on Thursday that regulators could now handle the collapse of a "too big to fail" bank. The next day, presenting a new r...

WATCH Ex-SEC Chairman: Financial Reform Bill 'An Irrational Mess'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Congress "ducked" on financial regulation, neglecting to solve the problems that caused the financial crisis, former SEC chairman Arthur Levitt said. ...

FDIC Ready To Sue Executives From Failed Banks, Seeking Over $1B

Huffington Post | William Alden | Posted 05.25.2011 | Business

The Federal Deposit Insurance Corporation is poised to sue over 50 executives from failed banks, Bloomberg News reports. The potential lawsuits would...

Overdraft Protection Expires: No More Overdraft Fees Without Opting-In

Huffington Post | Adam J. Rose | Posted 05.25.2011 | Business

The era of the $35 cup of coffee has come to an end, for most. Unless a consumer chooses to opt-in for overdraft protection, their ATM and debit pu...

Bank Regulation, Need for Transparency, and Politics as Usual Makes the Outcome Uncertain

Jerry Chautin | Posted 05.25.2011 | Politics
Jerry Chautin

Bank regulation is caught up in political maneuvering. Pro and con lobbying groups are spinning legislators. We need reform.

FDIC Bank Sales: For Investors, It's Still 'Very Hard To Lose Money' On These Deals | Jonathan Keehner and Phil Mattingly | Posted 05.25.2011 | Business

The sales, some including no-interest financing from the agency, are part of an FDIC effort to clean out $40 billion of loans that regulators seized f...