21st Century Guide to the FDIC - Federal Deposit Insurance Corporation - Insurance Funds and Assessments, Banking Industry, Individual Banks, Analytical, ... (Core Federal Information Series)
Safehaven (Free subscription) | yesterday
Perhaps the single greatest reason for the unbridled expansion of credit over the past 50 years is the existence of the Federal Deposit Insurance Corporation, another government-sponsored enterprise created by Congress. The coming rush of bank failures...
The Economic Populist (Free subscription) | 11/21/2009
Who would think good news would mean just one bank failure in Florida. Commerce Bank had assets of $79.7 million and total deposits of about $76.7 million, the FDIC said. The FDIC and Central Bank entered into a loss-share transaction on about $61 million of Commerce Bank's assets. The failure is expected to cost the FDIC's insurance fund $23.6 million. Meanwhile, the New York Times has a good piece,...
Privacy Law Blog (Free subscription) | 11/21/2009
On November 17, 2009, eight federal regulatory agencies released their final model privacy notice form that is intended to make it easier for consumers to understand how financial institutions collect and share information about them. The model privacy notice form, which features a version that offers consumers an opt-out and one with no opt-out , represents the culmination of extensive research and...
Seattle Times (Free subscription) | 11/21/2009
The Federal Deposit Insurance Corp. (FDIC) has already sold the most real estate this year than in all of 1994 as the regulator takes over properties held by failed lenders.
CNNMoney.com (Free subscription) | 11/20/2009
State regulators shuttered Commerce Bank of Southwest Florida in Fort Myers, Fla., Friday night, bringing the 2009 national tally to 124.
Reuters UK (Free subscription) | 11/20/2009
* FDIC says Central Bank, in Minnesota, to assume deposits
Calculated Risk (Free subscription) | 11/20/2009
Turkey on table Carved up by the Central Bank MMMM Commerce Bank, Yum! by Soylent Green is People From the FDIC: Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of Commerce Bank of Southwest Florida, Fort Myers, Florida Commerce Bank of Southwest Florida, Fort Myers, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance...
The Value at Risk (Free subscription) | 11/20/2009
Last week, under the cover of darkness and in an extraordinary show of Government incompetence, the FDIC seized United Commercial Bank. The problem is that Mingsheng, a Chinese bank, had already approached the Fed about a potential acquisition of UCB. Mingsheng, which had already invested $129M into UCB, was presumably trying to salvage some portion of it's investment. Unfortunately, Mingsheng's application...
Blue Jersey: Covering NJ like a rug (Free subscription) | 11/20/2009
The US Senate Banking, Housing and Urban Affairs committee has taken up legislation dealing with financial regulatory reform. Mondaq had more on the bill: Senate Banking Committee Chairman Christopher Dodd has introduced a discussion draft of the Restoring American Financial Stability Act of 2009 (the "Dodd Bill"), which comprehensively addresses financial regulatory reform, encompassing...
Personal Money Store (Free subscription) | 11/20/2009
Depositors Must Retain Confidence (Photo: flickr.com) Depositor confidence in the banking system is vital to the working of the modern economy. Banks lend out money assuming that they are not going to face a situation where all their depositors demand to withdraw funds simultaneously. At the same time, depositors entrust their money to the bank, believing they can withdraw it when they need to do...
Bloomberg (Free subscription) | 11/19/2009
Nov. 19 (Bloomberg) -- The Federal Deposit Insurance Corp. may force underwriters and raters of asset-backed securities created by banks to be compensated based on the bonds’ performance, an agency official said.
Market Watch (Free subscription) | 11/19/2009
WASHINGTON (MarketWatch) - Big banks would be required to pay more into a Federal Deposit Insurance Corp. fund than smaller institutions, according to a provision that was approved by a key congressional committee on Thursday. The FDIC currently collects fees from banks to make payments to depositors of a failed community bank. The fund payments are used to cover losses to depositors of a failed bank....
Eye On Miami (Free subscription) | 11/19/2009
No advance notice is given to the public when a financial institution is closed:On Friday, November 13, 2009, the Florida Office of Financial Regulation closed Orion Bank, Naples, FL. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To see if your bank might be in trouble, check the bank's star rating.
The Huffington Post (Free subscription) | 11/19/2009
On Tuesday, Goldman Sachs announced it would commit $500 million to help small businesses, garnering the financial giant headlines and buzz for its altruism. But that's just a small fraction of the money the company has reaped thanks to taxpayer-supported government programs since last September. *It's barely a fifth of the $2.3 billion the company has saved thanks to a Federal Deposit Insurance Corporation...
ABC News (Free subscription) | 11/18/2009
House panel would give regulators right to break up large, interconnected firms Too Big to Fail policy - Business - Accounting - Bank - Federal Deposit Insurance Corporation
The 2 latest articles published by users on Federal Deposit Insurance Corporation :
krishpatel1212@gmail | 10/31/2009
California National Bank Shut Down by FDIC (Federal Deposit Insurance Corporation) California National Bank had 68 branches. About 100 FDIC employees arrived at the CalNational headquarters in downtown Los Angeles at around 6:15 p.m. on Friday. They were seen fanning out into various offices around the building, a squat concrete structure that prominently displays the failed bank's name. Read More
paisano1 | 02/27/2009
Insured banks and thrifts set aside $69.3 billion in provisions for loan and lease losses during the fourth quarter, more than twice the $32.1 billion that they set aside in the fourth quarter of 2007. Loss provisions represented 50.2 percent of the industry’s net operating revenue (net interest income plus total noninterest income), the highest proportion since the second quarter of 1987 when provisions
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