FDIC chairman says decision expected soon on ending guarantee for 'transaction' accounts The head of the Federal Deposit Insurance Corp. said Thursday the agency will decide soon whether to end a government guarantee for special deposit accounts in banks used by businesses. ...
As banks binged on risky mortgages, govt rewarded regulators with taxpayer-funded bonuses As banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed out millions of dollars in bonuses to regulators at agencies ...
Calendar of major business events scheduled for Friday Major business events and economic events scheduled for Friday: WASHINGTON — FDIC reports on bank closings. BEIJING — Commerce Ministry news conference on Chinese-US trade. BRUSSELS — EU conference on managing future banking crises ...
WASHINGTON (Reuters) - U.S. bank regulators may extend a guarantee program set up at the peak of the financial crisis, fearing that ending the program could spark liquidity failures at small banks. Sheila Bair, chairman of the Federal Deposit Insurance Corp, said ...
WASHINGTON (Reuters) - The Federal Reserve and other banking regulators jointly reminded financial institutions on Wednesday about the importance of managing their liquidity to avoid a repeat of the financial crisis. The 50-page policy statement said banks and other deposit-taking firms need ...
Washington Mutual resolves disputes with JPMorgan, FDIC over $4B in deposit assets Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter ...
WASHINGTON (Reuters) - The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days. The other banks seized on Friday were small institutions in ...
Regulators shutter 3 banks in New York, Florida, Louisiana; making 30 closures this year Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally insured banks. The Federal Deposit ...
Retail sales show surprising gain in February WASHINGTON (AP) — Retail sales posted a surprising increase in February as consumers refused to let snowstorms stop them from stepping up purchases for everything from clothes to appliances. The improvement provided hope that the ...
Regulators shut down LibertyPointe Bank in New York City; makes 27 US bank failures this year Regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year ...
