FDIC

The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act

Posted on Monday, April 25, 2011

The FDIC released a report, The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act, today examining how the FDIC could have structured an orderly resolution of Lehman Brothers Holdings Inc. under the orderly liquidation authority of Title II of the Dodd-Frank Wall Street R...

FDIC Report Examines How An Orderly Resolution of Lehman Brothers Could Have Been Structured Under t

Posted on Monday, April 25, 2011

Press Release FDIC Report Examines How An Orderly Resolution of Lehman Brothers Could Have Been Structured Under the Dodd-Frank Act FOR IMMEDIATE RELEASE April 18, 2011 Media Contact: Andrew Gray (202) 898-7192 E-mail: angray@fdic.gov The FDIC on Monday released a report examining h...

A Badge of Honor for a Regulator

Posted on Tuesday, March 22, 2011

Sheila C. Bair may unwittingly have discovered a simple litmus test for bank regulator effectiveness. As chairwoman of the Federal Deposit Insurance Corporation, she faced catcalls last week from a mob of community bankers. She was taken aback by the booing. But in fact, watchdogs should bask in suc...

FDIC Bank Assessments Change on April 1st As Dodd-Frank Comes to Banking

Posted on Sunday, March 20, 2011

The Federal Deposit Insurance Corporation (FDIC) is the buck stops here office of U.S. bank regulation. Chairman Sheila Bair and company are the checkbook behind the sign on every bank's door sign guaranteeing that your deposit is FDIC insured. Funding America's Deposit Insurance Fund (DIF) is done ...

FDIC Seeks Comment on Seeking Pay Clawbacks in Resolutions

Posted on Sunday, March 20, 2011

March 15 (Bloomberg) -- The Federal Deposit Insurance Corp. is seeking comment on a measure that would subject executives and directors to clawbacks of as much as two years’ pay if they are found “substantially responsible” for the failure of a systemically important financial company. FDIC board m...

FDIC Board Approves Proposed Rule to Set Claims Process Under the Dodd-Frank Act's Orderly Liquidati

Posted on Sunday, March 20, 2011

Press Release FDIC Board Approves Proposed Rule to Set Claims Process Under the Dodd-Frank Act's Orderly Liquidation Authority Provisions FOR IMMEDIATE RELEASE March 15, 2011 Media Contact: Andrew Gray (202) 898-7192 Email: angray@fdic.gov The Board of Directors of the Fede...

Sheila Bair, FDIC Chief: Too Big Banks Should Be 'Downsized'

Posted on Thursday, March 17, 2011

WASHINGTON - America's big international banks should restructure their operations unless they can prove they can easily be broken up if they start toppling during a financial crisis, said U.S. regulator Sheila Bair. Multinationals will need to set up more foreign subsidiaries and realign their leg...

FDIC's List of "Problem" Banks Grows to 884

Posted on Wednesday, March 16, 2011

The number of lending institutions on the FDIC’s problem-bank watch list rose to 884 as of the end of last year. That’s up from 860 three months earlier, but the agency noted that the rate of increase in the number of “problem” banks has declined in each of the past four quarters. The FDIC does not...

Troubled banks rise to highest level in 18 years

Posted on Wednesday, March 16, 2011

WASHINGTON -- The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final three months of 2010, the highest level in 18 years. The Federal Deposit Insurance Corp said Wednesday that the number of banks on its confidential "problem" list rose to 884 ...

3 More Small Banks Shuttered, 14 Failures Already In 2011

Posted on Monday, February 07, 2011

WASHINGTON — Regulators on Friday shut down three small banks in Georgia and Illinois, bringing to 14 the number of bank failures in 2011 following last year's tally of 157 amid the sagging economy and mounting bad loans. The Federal Deposit Insurance Corp. seized American Trust Bank, based in Ro...

Three South Florida banks hit with FDIC consent orders

Posted on Friday, February 04, 2011

The Federal Deposit Insurance Corp. hit one bank in each of South Florida's three counties with regulatory consent orders. It said Friday that Professional Bank, a Coral Gables start-up, TransCapital Bank in Hallandale Beach and First Bank of the Palm Beaches in West Palm Beach agreed to comply with...

Hard Call for FDIC: When to Shut Bank

Posted on Tuesday, January 04, 2011

More than 300 U.S. banks and savings institutions failed in the past four years. But there are huge differences in how sick they were when regulators seized them. About a dozen of the dead financial institutions had a tangible common equity ratio, a widely used measurement of a bank's cushion to ...

FDIC Lowers Budget as Bank Failures Slow

Posted on Monday, December 20, 2010

The number of bank closings has slowed in recent months, and that’s given the FDIC reason to believe that the worst phase of institutional collapses is behind us and the agency won’t need as much money next year to cover bank seizures. The FDIC’s board of directors has approved a $3.96 billion oper...

FDIC Launches Investigation of Officials of Failed Banks

Posted on Wednesday, December 08, 2010

In a move reminiscent of the last time the United States was in such dire financial straits, the FDIC announced recently that it has begun an investigation of executives and other employees of failed banks. In the 1980s and 1990s, the savings and loan (S&L) crisis prompted the government to invest...

Florida bankers and the FDIC probe

Posted on Wednesday, December 01, 2010

As The Wall Street Journal breaks the news that the Federal Deposit Insurance Corp. is conducting 50 criminal investigations into former executives at failed banks, it’s only natural to wonder whether former banking executives in Florida will wind up in handcuffs. Florida suffered 41 bank failure...

Florida bankers and the FDIC probe

Posted on Monday, November 22, 2010

As The Wall Street Journal breaks the news that the Federal Deposit Insurance Corp. is conducting 50 criminal investigations into former executives at failed banks, it’s only natural to wonder whether former banking executives in Florida will wind up in handcuffs. Florida suffered 41 bank failure...

FDIC Conducting 50 Criminal Investigations Into Failed Banks

Posted on Friday, November 19, 2010

The Federal Deposit Insurance Corp (FDIC) is conducting about 50 criminal investigations at U.S. banks that have failed since the start of the financial crisis, the Wall Street Journal said. The FDIC, which is responsible for dealing with bank failures, is probing former executives, directors and e...

FDIC prepares to crack down on officials of failed banks

Posted on Wednesday, November 17, 2010

For former insiders at some of the several hundred banks that collapsed during the financial crisis and in its aftermath, a day of reckoning has arrived. The Federal Deposit Insurance Corp. has told dozens of former bank officers and directors that it has drawn up lawsuits accusing them of misd...

FDIC Proposes New Fee Structure Based on Banks' Assets

Posted on Wednesday, November 17, 2010

The FDIC has approved a proposal that would change the way it determines how much banks pay for the agency’s deposit insurance coverage. Since 1935, individual institutions’ premiums have been based on the amount of their domestic deposits. The FDIC wants to amend the assessment scheme so that ...

Foreclosure Problems Could Be 'Very Damaging' To Housing Market, FDIC Chief Says

Posted on Friday, November 05, 2010

ARLINGTON, Virginia (Reuters) - Litigation arising from foreclosure paperwork problems could be "very damaging" to the housing market, a top U.S. banking regulator said on Monday. Federal Deposit Insurance Corp Chairman Sheila Bair said she did not believe legislation would be needed to address con...

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