Fdic

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Bank's Failure Shows Lapses By Regulators

Huffington Post Investigative Fund | Keith Epstein | Posted 12.14.2009 | Business

Read More: Ocala National Bank, Fdic, Huffpost Investigative Fund, Financial Reform, Regulation, Mortgage Crisis, Huffington Post Investigative Fund, Predatory Lending, Financial Crisis, Ocala National, Housing Crisis, Florida, Development, Subprime Mortgage, Wall Street, Business News

Even by the distorted standards of the national housing bubble, north central Florida was a hot market. Between 2004 and 2006 new houses and property ...

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New Accounting Rules Move Bad Assets Back Onto Balance Sheets - But It's Going To Take Time

nytimes.com | FLOYD NORRIS | Posted 12.11.2009 | Business

Read More: Structured-Investment-Vehicle, Fdic, Financial Accounting Standards Board, Robert Herz, Financial Crisis, Sheila Bair, Accounting, Business News

Did accounting help cause the financial crisis? A minuet playing out now is showing that the answer is yes -- but not in the way the banks want us to...

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Financial Oversight: There Is No Change (Again)

Stanley Kutler | Posted 12.09.2009 | Politics

Read More: Banking Crisis, Obama, Financial Reform, Tarp, AmTrust Bank, Fdic, New York Community Bancorp, Max Baucus, Larry Summers, Chris Dodd, Timothy Geithner, Politics News

The buccaneers of the financial community remain free to restore the disaster from which they were rescued with taxpayers' money.

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Millions In U.S. Do Their Banking Without Banks, According To FDIC Survey

NPR | Sam Sanders | Posted 12.06.2009 | Business

Read More: Pawn Shops, Fdic, Americans Banks, Bank Fees, ACE Fees, Federal Deposit Insurance Corp, Banking, Al Walker, Payday Loans, ACE Cash Express, Check-Cashing Services, American Banking, Federal Deposit Insurance Corporation, Banks, Business News

About 60 million adults do their banking at places other than banks, according to a new survey by the Federal Deposit Insurance Corporation....

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FDIC Shuts Down AmTrust Bank, 5 Others: 130 Failed Banks So Far In 2009

AP | MARCY GORDON | Posted 12.05.2009 | Business

Read More: Tattnall Bank, Amtrust, New York Community Bank, Fdic, Greater Atlanta Bank, Failed Banks, Buckhead Community Bank, Banks, Benchmark Bank, First Security National Bank, Ohio Savings, Sheila Bair, 1st Security National Bank, Business News

WASHINGTON — Regulators have shut down six more banks, bringing to 130 the number of U.S. banks to be brought down so far in 2009 by recession a...

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FDIC Fire Sale! 11 Homes For Under $10,000 (PHOTOS)

Huffington Post | Carlos Cagin | Posted 12.06.2009 | Business

Read More: Fdic, Slidehuge, Homes, Slidepoll, Cheapest Homes, Real Estate, Housing Crisis, Cheap Homes, Failed Banks, Home Prices, Cleveland, Subprime Mortgage Crisis, Detroit, FDIC Real Estate Sales, Foreclosure, Michigan, Subprime Mortgage, Business News

Need a cheap home? Just call the FDIC. During the housing crisis, the Federal Deposit Insurance Company took over thousands of failed banks' soure...

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At Last, One Government Agency Considers Cutting Mortgage Principal For Distressed Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 12.04.2009 | Business

FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agenc...

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Small Business Credit Crunch Hampering Job Creation

Sen. Byron Dorgan | Posted 12.03.2009 | Politics

Read More: Fdic, Harry Reid, Obama Administration, Senate Democratic Policy Committee, Jobs Summit, US Senate, Dick Durbin, Politics News

There is no government program that can substitute for a good job that pays well. A key function of government, however, is to create conditions that help businesses grow and hire new workers.

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FDIC: 25% Of U.S. Households Have Limited Access To Banks, Minorities Hit Hard By Disparity

AP | DANIEL WAGNER | Posted 12.02.2009 | Business

Read More: Fdic, Poverty, Recession, Banking Services, Minorities, Business News

WASHINGTON — More than a million American households lost access to basic banking services like savings accounts last year, bank regulators say....

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Goldman Sachs Vanity Fair Profile: Bank Can 'Practically Mint Money' And 'Never Loses'

The Huffington Post | Ryan McCarthy | Posted 12.01.2009 | Business

Read More: Fdic, Vanity Fair Goldman Sachs, Bank-Holding Company, Aig, Goldman Sachs, Bethany McLean, Goldman Sachs Mint Money, Vanity Fair, Hedge Fund, Mint Money, Business News

In what constitutes a compendium of anti-Goldman Sachs charges, Vanity Fair's Bethany McLean has delivered some of the best reporting on the bank sinc...

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Media Downplays News About 'Troubled' Banks, According To Columbia Journalism Review

Columbia Journalism Review | Ryan Chittum | Posted 11.25.2009 | Media

Read More: Fdic, The New York Times, Financial TImes, The Washington Post, The Wall Street Journal, Federal Deposit Insurance Corporation, Banks, Troubled Banks, Lenders, Small Banks, Financial Crisis, Medium Size Banks, Media News

The major business press underplays news from the FDIC that its troubled-banks list soared to more than 550 in the third quarter. The FDIC now conside...

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In Crazy New Landscape For Banks, Taxpayers Are The Big Losers

HuffingtonPost.com | Shahien Nasiripour | Posted 12.03.2009 | Business

Read More: Wall Street Bailout, Fdic, Bank Failures, Institutional Risk Analytics, Christopher Whalen, Bailout, Federal Deposit Insurance Corp, Banks, Financial Crisis, Chris Whalen, Institutional-Risk-Analytics, Sheila Bair, Transparency, Business News

This story has been updated Fifty banks collapsed during the third quarter of 2009, while more than one in 15 are on the verge of failure -- the high...

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FDIC Insurance Fund Goes Into The Red; Number Of Problem Banks Rises To Highest Level In 16 Years

AP | DANIEL WAGNER | Posted 11.24.2009 | Business

Read More: Bank Failure, Fdic, Bank Lending, FDIC DIF, Federal Deposit Insurance Corp, Bank Profits, FDIC Insurance Fund, Problem Banks, Business News

WASHINGTON — The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due lo...

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Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 11.24.2009 | Business

Read More: Tarp, Geithner, Repayment Plan, Stress Tests, Goldman Sachs, Bank of America, Paulson, Timeline, Regions Financial, Gmac, Wells Fargo, Fdic, Failed Banks, Toxic Asset Relief Plan, Fed, TARP Repayment, Treasury, Banks, Financial Crisis, Citigroup, Business News

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

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FDIC, Reluctant Landlord, Owns $1.8 Billion In Real Estate

Huffington Post | Ryan McCarthy | Posted 11.17.2009 | Business

Read More: Bank Failures, Dresden Heights, Real Estate, Land Owner, Alpha Bank, Developments, Fdic, Condos, Liquidation, Quantum Bank, Bank Assets, Failed Banks, Land, Financial Crisis, Banks, Liquidate, Landlord, Business News

Sheila Bair, de facto real estate magnate? As the mortgage market imploded over the past few years, the head of the Federal Deposit Insurance Corpor...

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Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 11.13.2009 | Politics

Read More: Tarp, John McCain, Congress, Fdic, Hank Paulson, Liquidity, International Monetary Fund, Financial Reform, Senate Banking Committee, Ben Bernake, Federal Reserve, Monetary Policy, Chris Dodd, Democrats, European Central Bank, Frankfurt, Bank for International Settlements, Senate, Forum of Financial Stability, Treasury, Washington, Comptroller of the Currency, Central Banks, Sec, Global-Financial-Markets, Us, Sheila Bair, Republicans, Politics News

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

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FDIC Chief Sheila Bair: Big Banks Still Aren't Lending Enough

AP | STEVENSON JACOBS | Posted 11.11.2009 | Business

Read More: Fdic, Bank Lending, Credit Markets, Bailout, Lending, Loans, Federal Deposit Insurance Corp, Banks, Sheila Bair, Tarp, Business News

NEW YORK — The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enou...

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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 the...

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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...

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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 ...

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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...

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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 ...

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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...

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

David Paul | Posted 11.03.2009 | Business

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.

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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 ...

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