Fdic

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...

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FDIC Resumes Bank Closings

Dennis Santiago | Posted 01.20.2012 | Business

Read More: Dennis Santiago, Economic Recovery, Fdic, Bank Failures, Institutional Risk Analytics, Business News

The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator.

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Regulator Approves Rule Requiring Big Banks To Submit 'Living Will'

AP | By MARCY GORDON | Posted 01.17.2012 | Business

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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In WaMu Settlement, An Easy Way Out For Former Executives

HuffingtonPost.com | Catherine New | Posted 12.13.2011 | Business

Read More: Fdic, Executive Pay, Subprime Mortgages, Washington Mutual, Subprime Lending, Economic Crisis, Washington Mutual Collapse, Adjustable-Rate Mortgages, Mortgage Crisis, Financial Crisis, Executive Compensation, Recession, Business News

In what essentially amounts to pocket change when compared to the billions that Washington Mutual made in risky loans, three former top executives of ...

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Where Would We Be If...

Jim Worth | Posted 12.13.2011 | Politics

Read More: Taxes, Fdic, Social Security, Deficit, Recovery, Unemployment, Politics, Economy, Jobs, Congress, Medicare, Republicans, Gramm/Leach/Bliley, Glass-Steagall, Politics News

As Republicans strive to strip the programs that prevented us from falling into another Great Depression, their arguments are devised to distract us from the truth.

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It's (Still) A Wonderful Life: A Remake

Richard Barrington | Posted 02.08.2012 | Business

Read More: Personal Finance, Banking, Loans, Refinance, Interest Rates, Fdic, Debt, It's a Wonderful Life, Jimmy Stewart, It's a Wonderful Life Remake, Business News

With remakes being so popular in Hollywood, and with banks being so much in the news this year, it begs the question: Could this film be adapted for today's banking environment?

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

Tom Fox | Posted 02.02.2012 | Politics

Read More: Fdic, Opm, Bureau of Engraving and Printing, U.S. Patent and Trademark Office, Best Places to Work in the Federal Government Rankings, Office of Personnel Managment, Federal Deposit Insurance Corporation, Pto, Bep, Department of Treasury, Partnership for Public Service, Politics News

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.

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How Banks Get You On Overdraft Fees [GRAPHIC]

HuffingtonPost.com | Catherine New | Posted 11.22.2011 | Business

Read More: Video, B of A, Fdic, Bank Fees, Consumer Financial Protection Agency, Wells Fargo, noad_mid_article, Citibank, Bank, Bank of America, Overdraft Fees, Debit Card Fees, Business News

Under pressure from regulators and lawyers, nearly all banks have stopped the predatory practice of reordering debit-card purchases to gouge customers...

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FDIC: Banks Take Home Most Money In Four Years

AP | DEREK KRAVITZ | Posted 01.22.2012 | Business

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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Emergence Of The New Banking Economy: M&A, Regulatory And Market Forces Dramatically Reshaping Industry

Kevin L. Petrasic | Posted 01.04.2012 | Business

Read More: Banks, Mergers and Acquisitions, Social Media, Fdic, Banking Industry, Financial Regulation, Economy, Credit Unions, Business News

The U.S. banking industry is entering a particularly volatile period in our nation's economic history that is rapidly reshaping the industry, the demographics of financial services providers, and the way that financial products and services are delivered and consumed.

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Making Bank Transfer Day Work for You

Richard Barrington | Posted 01.02.2012 | Business

Read More: Bank Transfer Day, November 5th, Bank Fees, Fdic, Credit Union, Checking Accounts, Savings Accounts, Money Market Accounts, Interest Rates, Cds, Business News

As a consumer you have the right to look for free checking accounts, and the highest interest rates on CDs, savings accounts and money market accounts. Don't limit your choices to credit unions.

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Bank Closings Slow to a Steady Downpour

Richard Barrington | Posted 01.02.2012 | Business

Read More: Interest Rates, Fdic, Checking Accounts, Bank Fees, Money, Economy, Richard Barrington, Banks, Personal Finance, Business News

The torrential pace of bank failures in 2009 and 2010 has eased, but in the first three quarters of 2011 the downpour has still been enough to give the banking system a pretty good soaking.

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Obama Nominates Big Bank Critic To Key Financial Regulatory Post

Posted 12.21.2011 | Business

Read More: Hoenig Fdic, White House, Video, Thomas Curry, Fdic, Hoenig Obama, Federal Deposit Insurance Corporation, Barack Obama Financial Industry, Thomas Hoenig, Banking Industry, Business News

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

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America's Best Rates: How to Buck the Low-Rate Trend

Richard Barrington | Posted 12.19.2011 | Business

Read More: Fdic, Personal Finance, America's Best Rates, Bank Accounts, Interest Rates, Savings Account, Money Market Account, Business News

America's Best Rates highlights the banks that are still committed to providing savings account rates and money market account rates that are many times the national average.

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Volcker Rule Has Been Watered Down, Experts Say

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.11.2011 | Business

Read More: Dodd-Frank Act, Video, Fdic, Proprietary Trading, Wall Street, Federal Deposit Insurance Corporation, Federal Reserve, Sec, Financial News, Securities and Exchange Commission, Volcker Rule, Paul Volcker, Financial Regulation, Dodd Frank, Business News

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...

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FDIC Joins Fed In Approving Volcker Rule Draft

AP | MARCY GORDON | Posted 12.11.2011 | Business

Read More: Dodd-Frank Act, Video, Fdic, Proprietary Trading, Wall Street Regulation, FDIC Banks, Wall Street Reform, Business News, Fdic Backs Volcker Rule, Federal Reserve, Banking Crisis, Volcker Rule, Business News

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

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Steve Mnuchin, Meet Rose Gudiel

Peter Dreier | Posted 12.03.2011 | Business

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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FDIC Approves New Bank Regulations

AP | Posted 11.13.2011 | Business

Read More: JPMorgan Chase, Goldman Sachs, Fdic, Wall Street, Bank Regulations, Financial Reform, Jpmorgan, Financial Crisis, Banks, US Banks, Bofa, Bank Bailout, New Bank Rules, Bank Rules, Citigroup, Business News

WASHINGTON — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger ...

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Bank Of America Sued Over Countrywide Mortgage Pool

Posted 10.30.2011 | Business

Read More: Freddie Mac, Fdic, Countrywide Financial Corp, Loans, Mortgage Crisis, Fannie Mae, Foreclosure, Assured Guaranty Ltd., HarborView Mortgage Loan Trust, Mortgage Default, Bank of America Corp, Us Bancorp, Video, Business News

(Jonathan Stempel and Joe Rauch) - Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to...

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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 | Business

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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Flight to Safety: Should You Invest in Long-Term CDs?

Richard Barrington | Posted 10.11.2011 | Business

Read More: Interest Rates, Fdic, Inflation, CD Rates, Long-Term CDs, Personal Finance, Business News

With the stock market taking a nosedive on the U.S. credit rating downgrade, you might be looking for a place to move your money and wait out the volatility. Should you move your money into long-term CDs?

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The Case for Moving Your Money

Don McNay | Posted 10.04.2011 | Business

Read More: Fdic, Move Your Money, Wall Street, Too Big to Fail, Banking, Bank Assets, Business News

I want to send Wall Street a wake-up call, as they don't seem to be getting it. The best way is with my dollars. My resources don't add up to what a chairman of a Wall Street bank gets in an annual bonus, but keeping those dollars away is a start.

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Ask the Expert: Does the Debt Ceiling Debate Threaten Deposit Insurance?

Richard Barrington | Posted 09.27.2011 | Business

Read More: Savings Accounts, Federal Programs, Money Market Accounts, Fdic, Ask the Expert, Deposit Insurance, Debt Ceiling, Business News

Even though FDIC deposit insurance is a federal program, it is not likely to be an immediate victim of a possible federal government default. In the long run though, anything is possible if things reach such a dire outcome.

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FDIC Chair: Mortgage Industry 'Didn't Think Borrowers Were Worth Helping'

ProPublica | Posted 09.12.2011 | Business

Read More: Mortgage Crisis, Fdic, Banks, Homeowners, Foreclosure Crisis, Sheila Bair, Mortgage Servicers, Business News

By Lois Beckett, ProPublica Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair's revealing exit interview by the New York Times...

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Colorado Banks Shut Down By Regulators

AP | Posted 09.08.2011 | Denver

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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