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Federal Deposit Insurance Corp

Texas Company Is First To Buy Toxic Assets Under New FDIC Plan

AP | MARCY GORDON | Posted 05.25.2011 | 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 ...

Sheila Bair Goes on the Attack, Again

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

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?

Cash-Strapped FDIC Turns To Private Equity Firms To Buy Struggling Banks

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

Faced with a growing wave of bank failures, the Federal Deposit Insurance Corporation is taking extraordinary steps to attract buyers for troubled ins...

Is The FDIC Is Broke: Recent Bank Failures Tax Reserves

dailykos.com | By Gjohnsit | Posted 05.25.2011 | 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...

Banks Added 10,000 Branches During Boom, But Left Inner Cities Behind

AP | FRANK BASS and LINDA STEWART BALL | Posted 05.25.2011 | 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 ...

3 More Bankss Fail As FDIC Mulls Rules For Sales

AP | Stephen Manning and David Pitt, AP Business Writers | Posted 05.25.2011 | Business

WASHINGTON (AP) -- Three Illinois banks were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take o...

FDIC's Bair Takes Her Home Off The Market

wsj.com | SIMMI AUJLA and SARA LIN | Posted 05.25.2011 | 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...

Regulators Missed Warning Signs At Smaller Banks

usatoday.com | Posted 05.25.2011 | 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 ...

FDIC Pushes Citigroup To Change Management: WSJ

AP | Posted 05.25.2011 | Business

NEW YORK — The Federal Deposit Insurance Corp. is reportedly pressing for a management shake-up at embattled bank Citigroup Inc., putting CEO Vi...

Bad Bank Loans Hit Record High

nytimes.com | FLOYD NORRIS | Posted 05.25.2011 | 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,...

FDIC: U.S. 'Problem' Banks Rise to 305

bloomberg.com | Margaret Chadbourn and Alison Vekshin | Posted 05.25.2011 | 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...

Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 05.25.2011 | 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...

FDIC May Lend To Investors, Without GIving Taxpayers A Stake

Bloomberg | Rebecca Christie | Posted 05.25.2011 | Business

April 30 (Bloomberg) -- The Federal Deposit Insurance Corp. may offer investors financing to buy distressed U.S. bank assets without requiring them to...

US Banks Post First Quarterly Loss Since 1990; 252 Banks In Trouble, FDIC Says

AP | MARCY GORDON | Posted 05.25.2011 | Business

UPDATE: FDIC is raising its fees and will charge banks an emergency fee. For more, click here. WASHINGTON — The nation's banks lost $26.2 billion...

The Audacity of Dopes

William K. Black | Posted 05.25.2011 | Business
William K. Black

The bankers have convinced the Bush and Obama administrations that the taxpayers should be looted to bail out risk capital. We should stop listening to the folks that caused the crisis.

FDIC, Treasury Clash On Anti-Foreclosure Plan

Reuters | Karey Wutkowski and Patrick Rucker | Posted 05.25.2011 | Business

A top U.S. banking regulator unveiled a plan on Friday to prevent about 1.5 million foreclosures, breaking ranks with the Bush administration by deman...

FDIC May Need $150 Billion As More Banks Fail

Bloomberg | David Evans | Posted 05.25.2011 | Business

Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won't budge. T...

Feds: 117 Banks In Trouble, Highest Level Since 2003

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the sec...

How The Government Became A Predatory Lender

Wall Street Journal | Mark Maremont | Posted 05.25.2011 | Business

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to bor...

FDIC Plans Staff Boost for Bank Failures

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Federal bank regulators plan to increase staffing 60 percent in coming months to handle an anticipated surge in troubled financial ...