Sustainability| More...
 

Fdic

Ally Bank: Is GMAC's Rebranded Bank Using Bailout To Offer High-Interest CDs?

AP | CANDICE CHOI | Posted 11.09.2009 | Business

Read More: Interest Rates, Fdic, Ally Bank, Cds, Banks, Bank Bailout, Gmac, American Bankers Association, Business News

NEW YORK — Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in...

Read Whole Story

Shahien Nasiripour

Federal Reserve Loses Expanded Powers Proposed By Obama Administration

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business

Read More: Fdic, Occ, Tbtf, Barney Frank, Too Big to Fail, John Dugan, Financial Crisis, Federal Reserve, Obama Administration, Comptroller of the Currency, Sheila Bair, Business News

The pushback against an omnipotent Federal Reserve keeps growing. A top Congressional leader said Thursday that the Fed will not have the power to ov...

Read Whole Story

Chris Dodd's New Legislation Would Strip Power From Fed, FDIC

wsj.com | DAMIAN PALETTA | Posted 11.05.2009 | Business

Read More: Fdic, White House, Barney Frank, Financial Reform, Federal Reserve, Chris Dodd, Ben Bernanke, Sheila Bair, Too Big to Fail, Barack Obama, Financial Regulation, Business News

WASHINGTON -- A key Senate lawmaker is readying legislation that would dramatically redraw how the financial system is regulated, setting the chamber ...

Read Whole Story

Help Us Investigate: Bank Failures

Huffington Post Investigative Fund | Adam Clark Estes | Posted 11.04.2009 | Home

Read More: Cds, Capitalsouth, First-Citizens Bank, Fdic, Citizen Journalism, Huffington Post Investigative Fund, Home News

Did your bank fail? Has that had an impact on you - whether in interest rates or something else? Do you work for a faltering or collapsed bank? Pro...

Read Whole Story

When Banks Fail, So Do Those Promised CD Rates

Huffington Post Investigative Fund | Keith Epstein | Posted 11.04.2009 | Business

Read More: Capitalsouth, Fdic, CD Rates, Banks, Normal Jean Scott, Fixed-Term CDs, Iberiabank, Federal Reserve Bank of Atlanta, Huffington Post Investigative Fund, American Bankers Association, Business News

Norma Jean Scott, a 63-year-old Alabama retiree, thought she was being prudent three years ago when she stashed her $100,000 retirement nest egg in a ...

Read Whole Story

Shahien Nasiripour

New "Too Big To Fail" Bill Gives Feds Power To Freeze Derivatives Contracts

HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business

Read More: Fdic, Derivatives, Barney Frank, Too Big to Fail, Aig, Credit Default Swaps, Michael Krimminger, Goldman Sachs, Morgan Stanley, Tbtf, Lehman Brothers, Isda, Financial Crisis, Systemic Risk Regulator, Bear Stearns, Lehman Brothers Bankruptcy, Systemic Risk, Business News

The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...

Read Whole Story

A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 11.03.2009 | Business

Read More: Tarp, Fdic, Wells Fargo, Bank of America, Larry Summers, Brooksley Born, Goldman Sachs, JP Morgan, Morgan Stanley, Bailout, Hedge Funds, CFTC Derivatives, Banking Crisis, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Bonuses, Citigroup, Glass-Steagall, Paul Volcker, Business News
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

Read Post

FDIC's Bair On Bank's Opposing Reform: "That Makes Me Angry"

Reuters | Posted 11.02.2009 | Business

Read More: Fdic, Banks, Sheila Bair. Bair Kansas State University Speech, Financial Reform, Too Big to Fail, Federal Deposit Insurance Corp, Fiscal Policy, Business News

WASHINGTON (Reuters) - A top U.S. bank regulator struck out against the portions of the financial industry that are fighting reforms, saying they are ...

Read Whole Story

Can Citigroup Carry Its Own Weight?

New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 11.01.2009 | Business

Read More: Tarp, Geithner, Hank Paulson, Fdic, Paulson, Economy, Mortgage Crisis, Vikram S. Pandit, Taxpayers, Gmac, Housing Crisis, Recession, Citi, Vikram Pandit, Mortgages, Subprime Mortgages, Wall Street, Bailout, Finance, Common Stock, Treasury, Banks, Timothy Geithner, Citigroup, Business News

OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...

Read Whole Story

California National Bank Closed By Federal Regulators

AP | TIM PARADIS and MARCY GORDON | Posted 11.02.2009 | Business

Read More: Banks, Fdic, California National Bank, Banks Seized, Failed Banks, Fiscal Policy, Business News

NEW YORK — Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy produces a stream of loan d...

Read Whole Story

GMAC Asks For $2.8 Billion More In Taxpayer Money

Wall Street Journal | DAN FITZPATRICK and DAMIAN PALETTA | Posted 10.28.2009 | Business

Read More: Car Buyers, Auto Industry, Stress Test, Stress Tests, Financing, Gm, Alvaro De MOlina, Car Loans, Car Dealerships, Automakers, Auto Loans, Fdic, Gmac, General Motors, Bailout Bandits, Car Financing, GMAC Financial Services, Detroit, Cash for Clunkers, Banks, Auto Sales, Car Dealers, Ceberus Capitol, Ceberus, Business News

The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has re...

Read Whole Story

FDIC New Frontier Report: Bank Was Warned Of Risky Practices As Early As 2004

The Fort Collins Coloradoan | Trevor Hughes | Posted 10.27.2009 | Denver

Read More: Fdic, Insolvency, Daiy Farmers, New Frontier Bank, Agricultural Bank, Banking Crisis, Colorado Bank Failure, Economy, Denver News

Federal bank regulators repeatedly warned the now-collapsed New Frontier Bank it was taking financial risks it could not cover and lacked the systems ...

Read Whole Story

Barack Obama Is Doing My Job; Why America Needs Him to Do His

Arianna Huffington | Posted 10.28.2009 | Business

Read More: Goldman Sachs, Fdic, Executive Pay, President Obama, Barack Obama Financial Crisis, TARP Money, Ben Bernanke, Obama Financial Reform, Big Banks, The Fed, Financial Regulation, Business News
Arianna Huffington

When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.

Read Post

The American Bankers Association's 15 Minutes of Fame in Chicago

Dean Baker | Posted 10.26.2009 | Business

Read More: Banks, Too Big to Fail, Bailouts, Fdic, Richard Durbin, American Bankers Association, Chicago, Aba, Sheila Bair, Business News
Dean Baker

Like termites, the American Bankers Association does most of its damage in the dark. But the ABA is getting a brief period in the limelight this week as a result of the Showdown in Chicago.

Read Post

Showdown In Chicago: Sheila Bair Speaks To Protesters, Backs Consumer Protection Agency (VIDEO)

Posted 10.26.2009 | Business

Read More: Bank Protests, Fdic, Showdown in Chicago, Aba, Seiu, Federal Deposit Insurance Corp, Afl-Cio, National People's Action, Slideshow, Sheila Bair, American Bankers Association, Business News

ORIGINAL POST (Scroll down for a slideshow of today's protests): Before she appeared at the American Bankers Association annual convention today, Fe...

Read Whole Story

Bank Closings Hit 101 For Year; Most Since 1992

AP | DANIEL WAGNER | Posted 10.24.2009 | Business

Read More: 100th Bank Failure, 100th Bank Closing, National Bank Failures, 2009 Bank Failures, Bank Closings, Fdic, Partners Bank, Partners Bank Closes, Florida Bank, Great Recession, Business News

WASHINGTON — The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking syst...

Read Whole Story

Claims of Financial Reform Victory? You Can't Reform Vampires and Zombies

Marshall Auerback | Posted 10.17.2009 | Business

Read More: Aig, Financial Crisis, Credit Default Swaps, Fdic, Financial Meltdown, Otc-Derivatives, Business News
Marshall Auerback

Obama clearly seems to have imbibed some of the Chicago School's free market ideology, and the unspoken assumption that free, unfettered markets are the optimal state.

Read Post

79.9 Percent Interest Rate: RIDICULOUS Credit Card Offer Sent To San Diego Man

NBC San Diego | Bob Hansen | Posted 10.15.2009 | Business

Read More: Interest Rates, Credit Card, First Premier Bank, Fdic, Gordon Hageman, Business News

Gordon Hageman couldn't believe the credit card offer he got in the mail. "My first thought, it was a mistake," Hageman said. The wine distribut...

Read Whole Story

FDIC's Bair: "Banks Will Continue To Fail Through 2010" (VIDEO)

cnbc.com | Posted 10.13.2009 | Business

Read More: Fdic, Sheila Bair, Cnbc, Business News

Sheila Bair, chairman of the Federal Deposit Insurance Corporation (FDIC) appeared on CNBC this morning to discuss TARP, failing banks, toxic assets, ...

Read Whole Story

TARP Deadbeats: 33 Firms Miss Dividend Payments

Reuters | Posted 10.12.2009 | Business

Read More: Tarp, Treasury Department, Fdic, SNL Financial, Cit, Citigroup, Business News

Thirty-three TARP recipients missed a scheduled dividend payment to taxpayers last month, according to the Treasury Department, including 18 banks tha...

Read Whole Story

Small Banks Failing As Big Banks Grow Stronger

nytimes.com | ERIC DASH | Posted 10.10.2009 | Business

Read More: Fdic, Banks Fail, Bank Failures, Too Big to Fail, Federal Deposit Insurance Corp, Bailout, Bank Bailout, Small Banks, Business News

A year after Washington rescued the banks considered too big to fail, the ones deemed too small to save are approaching a grim milestone: the 100th ba...

Read Whole Story

Citigroup's Positive Management Review Questioned By FDIC

Reuters | Posted 10.09.2009 | Business

Read More: Fdic, Citigroup, Sheila Bair, Vikram Pandit, Citibank, Federal Deposit Insurance Corp, Business News

(Reuters) - The U.S. Federal Deposit Insurance Corp is questioning the positive conclusions given to Citigroup Inc's management team in a government-m...

Read Whole Story

Citigroup Management Gets "Good" Rating From Outside Reviewer

wsj.com | David Enrich and Joann S. Lublin | Posted 10.08.2009 | Business

Read More: Vikram Pandit, Fdic, Lewis Kaden, Don Callahan, Egon Zehnder International, Citigroup Board, Citigroup, Business News

An outside review of Citigroup Inc.'s management team has concluded that it is generally in good shape but that some shuffling of senior executives mi...

Read Whole Story

Wall Street: Too Big To Regulate

Garrett Johnson | Posted 10.06.2009 | Business

Read More: Wall Street Bailout, Financial Reform, Fdic, White House, Bank of America, Treasury Department, Hank Paulson, Willaim K. Black, Joseph Stiglitz, Nobel, Federal Reserve, Timothy Geithner, Public Private Investment Program, Thomas Hoenig, Sheila Bair, Tarp, Business News
Garrett Johnson

How can the Treasury, White House, and Congress be so tone deaf to calls to stop the massive give-away to the same people who got us into this mess?

Read Post

Sheila Bair, FDIC Chief: "Too Big To Fail" Must End For All

nytimes.com | Posted 10.05.2009 | Business

Read More: Banks, Too Big Too Fail, Fdic, Economy Recession, Sheila Bair, Federal Deposit Insurance Corp, Business News

The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the "too big to fail" doctrine and shrink the shadow bankin...

Read Whole Story