In Crazy New Landscape For Banks, Taxpayers Are The Big Losers
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...
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...
AP | DANIEL WAGNER | Posted 11.24.2009 | Business
WASHINGTON — The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due lo...
AP | STEVENSON JACOBS | Posted 11.11.2009 | Business
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...
Reuters | Posted 11.02.2009 | Business
WASHINGTON (Reuters) - A top U.S. bank regulator struck out against the portions of the financial industry that are fighting reforms, saying they are ...
bloomberg.com | Alison Vekshin | Posted 11.02.2009 | Politics
Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to unwind failed financial fi...
Posted 10.26.2009 | Business
ORIGINAL POST (Scroll down for a slideshow of today's protests): Before she appeared at the American Bankers Association annual convention today, Fe...
nytimes.com | ERIC DASH | Posted 10.10.2009 | Business
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...
Reuters | Posted 10.09.2009 | Business
(Reuters) - The U.S. Federal Deposit Insurance Corp is questioning the positive conclusions given to Citigroup Inc's management team in a government-m...
nytimes.com | Posted 10.05.2009 | Business
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...
bloomberg.com | Jonathan Weil | Posted 12.01.2009 | Business
How many other seemingly healthy multibillion-dollar community banks are out there waiting to implode? That's impossible to know, which is what's so u...
AP | By MARCY GORDON | Posted 11.28.2009 | Business
WASHINGTON (AP)-- The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to rep...
AP | DANIEL WAGNER | Posted 11.25.2009 | Business
WASHINGTON — Treasury officials and regulators are weighing a fresh round of bailouts for banks that were deemed too risky to qualify for earlie...
AP | MARCY GORDON | Posted 11.16.2009 | Business
WASHINGTON - The Federal Deposit Insurance Corp. on Wednesday named the first winning bidder under a test of the government's program to back private ...
Robert Teitelman | Posted 10.18.2009 | Business
Wouldn't you have wanted to be at Treasury on Tuesday when Geithner read FDIC head Sheila Bair's Times op-ed, in which she continues to wage war against the Treasury's plan for a super-regulator?
nytimes.com | ERIC DASH | Posted 09.21.2009 | Business
Faced with a growing wave of bank failures, the Federal Deposit Insurance Corporation is taking extraordinary steps to attract buyers for troubled ins...
dailykos.com | By Gjohnsit | Posted 09.19.2009 | Business
When Colonial Bank failed on Friday, the 77th bank to fail this year, very few people noted that it was the largest bank failure of 2009. Even fewer p...
AP | FRANK BASS and LINDA STEWART BALL | Posted 09.17.2009 | Business
DALLAS — Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were ...
AP | Stephen Manning and David Pitt, AP Business Writers | Posted 08.02.2009 | Business
WASHINGTON (AP) -- Three Illinois banks were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take o...
wsj.com | SIMMI AUJLA and SARA LIN | Posted 07.27.2009 | Business
The property slump is hitting home for Sheila Bair, chairman of the Federal Deposit Insurance Corp. -- one of the few regulators who saw trouble in th...
usatoday.com | Posted 07.17.2009 | Business
When ANB Bank of Arkansas failed last year, it was easy to blame executives whose pursuit of high-adrenaline growth led to the bank's demise. But now ...
AP | Posted 07.06.2009 | Business
NEW YORK — The Federal Deposit Insurance Corp. is reportedly pressing for a management shake-up at embattled bank Citigroup Inc., putting CEO Vi...
nytimes.com | FLOYD NORRIS | Posted 06.29.2009 | Business
Overall loan quality at American banks is the worst in at least a quarter century, and the quality of loans is deteriorating at the fastest pace ever,...
bloomberg.com | Margaret Chadbourn and Alison Vekshin | Posted 06.27.2009 | Business
May 27 (Bloomberg) -- U.S. "problem" banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan...
AP | MARCY GORDON | Posted 06.27.2009 | Business
WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...
Bloomberg | Rebecca Christie | Posted 05.31.2009 | Business
April 30 (Bloomberg) -- The Federal Deposit Insurance Corp. may offer investors financing to buy distressed U.S. bank assets without requiring them to...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.24.2009 | Business